Form Et-115 - New York State Estate Tax Report Of Federal Audit Changes (Page 2 of 4) in pdf

Page 2

ET-115 (4/00)

Recapitulation

Enter the amounts from the federal schedules as adjusted by the federal line adjustments.

Value at

Alternate

Gross assets

date of death

value

(see instructions)

27 Schedule A — Real Estate ................................................................................................................................... 27

28 Schedule B — Stocks and Bonds ........................................................................................................................ 28

29 Schedule C — Mortgages, Notes, Cash, and Bank Deposits ............................................................................. 29

30 Schedule D — Insurance on the Decedent’s Life ................................................................................................. 30

31 Schedule E — Jointly Owned Property ................................................................................................................ 31

32 Schedule F — Other Miscellaneous Property ...................................................................................................... 32

33 Schedule G — Transfers During Decedent’s Life ................................................................................................ 33

34 Schedule H — Powers of Appointment ................................................................................................................ 34

35 Schedule I — Annuities ....................................................................................................................................... 35

36 Total

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

(add lines 27 through 35)

37 Amount from Form ET-417, Computation of Family-Owned Business Exclusion ............................................... 37

38 Schedule U — Qualified Conservation Easement Exclusion .............................................................................. 38

39 Amount from Form ET-419, Computation of Exclusion for a Victim of Nazi Persecution .................................... 39

40 Total of exclusions

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

(add lines 37, 38, and 39)

41 Enter the net amount of additions (or subtractions) from line 69 below .............................................................. 41

42 Add or subtract line 41 to or from the amount on line 40 .................................................................................... 42

43 New York adjusted gross estate

(add or subtract line 42 to or from the amount on line 36; also enter on line 1, page 1)

Computations

44 For resident decedent

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

(enter amount from page 3, line 70)

45 New York gross estate for resident decedent

........................................................... 45

(subtract line 44 from line 43)

46 New York gross estate for nonresident decedent

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

(enter amount from page 3, line 71)

47 Divide line 45 or 46 by line 43

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

(round off the decimal to four places; cannot be more than 1.0000)

Deductions (see instructions). Note: To claim a deduction for principal residence, complete Schedule 5 on page 3.

48 Schedule J — Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims ............ 48

49 Schedule K — Debts of Decedent, Including Mortgages and Liens .................................................................... 49

50 Schedule L — Net Losses During Administration ................................................................................................ 50

51 Schedule T — Qualified Family-Owned Business Interest Deduction .................................................................. 51

52 Add lines 48, 49, 50, and 51 ................................................................................................................................ 52

53 Federal estate tax on excess retirement accumulations

if any ................................ 53

(section 4980A(d) of the IRC),

54 Subtract line 53 from line 52 ................................................................................................................................ 54

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

55 Schedule M — Marital Deduction ............................................................................ 55

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

56 Enter amount, if any, from page 3, line 72 ............................................................... 56

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

57 New York bequests to surviving spouse

........................................................... 57

(line 55 and add or subtract line 56)

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

58 Schedule O — Charitable Deduction ....................................................................... 58

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

59 Enter amount, if any, from page 3, line 73 ............................................................... 59

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

60 New York charitable deduction

............................................................................................. 60

(add lines 58 and 59)

61 Deduction for principal residence

.................................................................................................... 61

(from line 74)

62 Total New York allowable deductions

............................... 62

(add lines 54, 57, 60, and 61; also enter on page 1, line 2)

Schedule 1 — New York adjustments to federal gross estate

Additions

Subtractions

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

63 Property subject to a limited power of appointment created before

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

September 1, 1930, includable in the New York estate under section 957

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

of the Tax Law ....................................................................................................... 63

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

64 Federal gift tax, if any, included on Schedule G of federal Form 706 ......................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

65 New York State gift tax, if any paid, by decedent or decedent’s estate for gifts

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

made by decedent or spouse within three years of decedent’s death .................. 65

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

66 Enter the full value of property included in the federal gross estate under the

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

provisions of section 2044 of the Internal Revenue Code (QTIP) ........................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

67 Enter the full value of property includable in the New York gross estate under

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

the provisions of section 954(a)(4) and (5) of the Tax Law ................................... 67

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

68 Total ( add lines 63, 65, and 67 in Additions column and add lines 64 and 66 in

Subtractions column) ............................................................................................ 68

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

69 Net difference — plus or minus (enter here and on line 41 above) .......................... 69

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1

Form Et-115 - New York State Estate Tax Report Of Federal Audit Changes Page 2

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