Instructions For Form Ih-6 - Indiana Inheritance Tax (Page 4 of 7) in pdf

The credit is to be applied by the county treasurer or the Department

shares; (2) whether common or preferred; (3) the price per share;

of Revenue when the tax is paid. At the end of these instructions is

(4) the exact name of the corporation; (5) principal exchange upon

an Inheritance Tax Payment Computation Worksheet to help you

which sold, if listed on any exchange; and (6) the CUSIP number,

calculate the correct payment, taking into account the appropriate

if available. The price per share is the mean between the highest

credit.

and lowest selling prices quoted on the date of the decedent’s death.

Year of Death

Credit

For bonds, describe: (1) quantity and denomination; (2) number

2013

10%

of the obligor; (3) date of maturity; (4) interest rate; (5) interest

2014

20%

due date; (6) principal exchange, if listed on an exchange; and (7)

2015

30%

CUSIP number, if available. List the interest and any dividends for

2016

40%

each separately.

2017

50%

2018

60%

List any life insurance policies on the decedent’s life that were

2019

70%

payable to the decedent’s estate. Attach a copy of Form 712 to the

2020

80%

return.

2021

90%

2022

repealed

List on this schedule any contract by the decedent to sell real estate.

List the name of the purchaser, the date of the contract, a brief

The tax is repealed for decedents dying after December 31, 2021.

description of the real estate, the selling price, interest rates, and the

unpaid balance of principal and interest at the time of the decedent’

Page Three—Schedule A—Real Estate

death. Include a copy of the contract with the filed return.

List every parcel of Indiana real property in which the decedent

Page Five — Schedule C — Other Miscellaneous

had any right, title, or interest at the time of death and which was

transferred at death by Will or by intestate succession. Include real

Property Transferred by Will or Intestate Law

property that the decedent was buying on contract at the time

of death. Do not include real property held jointly with rights of

Schedule C is a catchall. All other personal property, either tangible

survivorship with one or more persons, real property held by the

or intangible, that the decedent owned individually at the time of

entireties, real property held in a trust, or real property that the

death and that is transferred by Will or intestate succession at death

decedent was selling on contract on this page because it will be

is to be listed here, including but not limited to:

reported on other schedules.

• household goods

• automobiles

Describe the property in enough detail so that it can be identified

• works of art

for valuation. Example: If the Will refers to the property as “the

• books

Smith Farm, ” that land should be listed as “the Smith Farm”

• silverware

followed by its legal description on Schedule A. If the real property

• growing crops

is transferred in two or more parcels to different transferees, each

• all partnership and unincorporated business interests may have

parcel should be separately valued on this schedule. To assist in

in the estate or trust

auditing the return, include the parcel number along with the real

• any beneficial interest decedent of another

estate description and address.

• clothing

• jewelry

Page Four — Schedule B — Cash, Deposits,

• boats

Mortgages, Notes, Stocks and Bonds, Life

• livestock

• farm machinery

Insurance Payable to the Estate

• royalty interests

• any refunds due the decedent at death or because of death

List all of the moneys that the decedent owned in his or her name

• any other property interest that the decedent solely owned and

alone, whether in his or her immediate possession or standing in

that are not listed on the two preceding schedules

his or her credit in any holding institution no matter where that is

located. List the name of the holding institution, type of account

This schedule does not include property the decedent owned

(i.e., savings, checking, certificate of deposit, money market, etc.),

jointly or that was transferred by some means other than by Will or

account number, amount in the account, and any interest that

by intestate succession (for example, by beneficiary designation).

accrued at the decedent’s death.

Page Six — Schedule D — Annuities, Pensions,

List all mortgages and notes payable to the decedent at the time

Retirement Plans and Other Death Benefits

of death, with the following information: (1) the face value and

unpaid balance, including interest to the date of death; (2) the date

of the mortgage or note; (3) the date of maturity; (4) the name of

List all annuities, pensions, retirement plans. and other death

the maker; and (5) the interest date and interest rates.

benefits to which the decedent had a right at his or her death.

Identify the payee or beneficiary of each annuity or pension plan.

List all stocks and bonds that the decedent owned in his or her name

To calculate the present value of installment payments, use the

alone on the date of death. For stocks, describe: (1) the number of

October 1, 1988. unisex 10% actuarial tables.

Instructions For Form Ih-6 - Indiana Inheritance Tax Page 4

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