Form Et-706 - New York State Estate Tax Return (Page 3 of 4) in pdf

ET-706 (2013) Page 3 of 4

Before completing Schedule A or B, see instructions.

Schedule A – Computation of federal estate tax for NYS and maximum NYS credit for state death taxes

Note: References to lines on federal Form 706 are to the August 2013 version of that form, except as noted in Form ET-706-I.

20 Amount from federal Form 706, page 3, Part 5, line 11 ................................................................................ 20.

21 If the estate elected the qualified conservation easement exclusion on the federal estate tax return,

you may enter the amount of the qualified conservation easement exclusion claimed on federal

Form 706, page 3, Part 5, line 12, provided the land is located within 25 miles of a metropolitan

area, national park, or wilderness area, or within 10 miles of an Urban National Forest. ......................... 21.

(subtract line 21 from line 20; also enter this amount on line 4)

22 Total gross estate, less exclusion, for NYS

.......... 22.

(from federal Form 706, page 3, Part 5, line 24)

23 Total allowable federal deductions

............................................ 23.

24 Family-owned business interest deduction elected for NYS ........................................................................ 24.

(add lines 23 and 24)

25 Total allowable deductions for NYS

............................................................................... 25.

;

(subtract line 25 from line 22

enter here and on item b on the front page of this form) .........

26 Taxable estate for NYS

26.

(from federal Form 706, page 1, Part 2, line 4 )

27 Adjusted taxable gifts

................................................................ 27.

28 Add lines 26 and 27 ...................................................................................................................................... 28.

(from Table A on page 4)

29 Tentative tax on line 28 amount

................................................................................ 29.

(from Form ET-706-I, Line 30 worksheet, line 5)

30 Total federal gift tax payable

..................................................... 30.

(subtract line 30 from line 29; enter here and on item c on the front page of this form)

31 Gross federal estate tax for NYS

31.

32 Maximum NYS unified credit

(see Form ET-706-I; do not enter more than $345,800)

............................................. 32.

33 Adjustment to unified credit

(from federal Form 706, page 1, Part 2, line 10)

, if any ............................................ 33.

34 Allowable NYS unified credit

(subtract line 33 from line 32)

............................................................................. 34.

(if zero or less, enter 0)

35 Subtract line 34 from line 31

....................................................................................... 35.

(if more than the amount on

36 Amount of maximum NYS credit for state death taxes from Table B on page 4

line 35, enter the line 35 amount here and on line 1)

......................................................................................... 36.

Schedule B – Computation of federal estate tax for NYS and maximum NYS credit for state death taxes

Note: References to lines on federal Form 706-NA are to the August 2013 version.

37 Amount from federal Form 706-NA, page 2, Schedule B, line 1 ................................................................... 37.

38 If the estate elected the qualified conservation easement exclusion on the federal estate tax return,

Form 706-NA, but the land is not located within 25 miles of a metropolitan area, national park, or

wilderness area, or within 10 miles of an Urban National Forest, enter the amount from federal

Form 706, page 28, Schedule U, line 20. ................................................................................................. 38.

;

(add lines 37 and 38

enter here and on line 4)

39 Total gross estate, less exclusion, for NYS

............................... 39.

(from federal Form 706-NA, page 2, Schedule B, line 8)

40 Total federal deductions

................................................ 40.

(from federal Form 706-NA, page 2, Schedule B, line 7)

41 State death tax deduction

, if any ................................... 41.

(subtract line 41 from line 40)

42 Total deduction for NYS

...................................................................................... 42.

(subtract line 42 from line 39; enter here and on item b on the front page of this form)

43 Taxable estate for NYS

........ 43.

(from federal Form 706-NA, page 1, Part II, line 2)

44 Total taxable gifts

.................................................................. 44.

45 Add lines 43 and 44 ...................................................................................................................................... 45.

(from Table A on page 4)

46 Tax on line 45 amount

.............................................................................................. 46.

(from Table A on page 4)

47 Tax on line 44 amount

.............................................................................................. 47.

(subtract line 47 from line 46; enter here and on item c on the front page of this form)

48 Gross federal estate tax for NYS

48.

49 Allowable NYS unified credit

(see instructions)

............................................................................................... 49.