Form M706q - Election To Claim The Qualified Small 2013 M706q Business And Farm Property Deduction - 2013 Page 5

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2013 M706Q P5

2013 Election to Claim the Qualified Small Business and Farm Property Deduction for Qualified Farm

Property (continued)

Decedent’s first name, middle initial, last name

Decedent’s Social Security number

Executor’s first name, middle initial, last name

Executor’s Social Security number

Part 6 — Deduction Calculation for Qualified Farm Property

1 Value of assets. For each asset elected to be deducted from the decedent’s Minnesota adjusted taxable estate as qualified farm

property, provide a description, indicate the Schedule and item number from the Federal Form 706 where the asset is reported,

and report the asset’s fair market value at the valuation date.

Federal Schedule and Item

Fair Market Value

Description of Asset

Number Where Reported

At Valuation Date

Subtotal from additional sheets attached to this schedule, if any . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total value of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Noneligible property. List property included on your Federal Form 706 and on line 1 above that is not eligible for the qualified

farm property deduction (see instructions).

Value Included in

Amount Not Allowed

Noneligible Property

Federal Gross Estate

in Deduction

Subtotal from additional sheets attached to this schedule, if any . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total amount not allowed in deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Federal allowable deductions. Report allowable deductions that are related to the assets included on line 1 above and indicate

the Schedule and item number from the Federal Form 706 where the allowable deduction is reported.

Federal Schedule and Item

Amount Claimed as

Description of Deduction

Number Where Reported

a Deduction

Subtotal from additional sheets attached to this schedule, if any . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total allowable deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Add line 2 and line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 Tentative Deduction. Subtract line 4 from line 1. Continue to Part 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5