Instructions For Form 706 - 2016 Page 23
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54Schedule B Examples
Example showing use of Schedule B where the alternate valuation is not adopted; date of death, January 1, 2016
Description, including face amount of bonds or number of shares and par value where
Alternate
Value at
Item
needed for identification. Give CUSIP number. If trust, partnership, or closely-held
valuation
Alternate
date of
number
entity, give EIN.
Unit value
date
value
death
CUSIP number or
EIN, where
applicable
1
$60,000-Arkansas Railroad Co. first mortgage 4%, 20-year
bonds, due 2017. Interest payable quarterly on Feb. 1, May 1,
Aug. 1, and Nov. 1; N.Y. Exchange
XXXXXXXXX
100
- - - - - - -
$- - - - - - -
$ 60,000
. . . . . . . . . . . . . . . . .
Interest coupons attached to bonds, item 1, due and payable on
Nov. 1, 2015, but not cashed at date of death
- - - - - - -
- - - - - - -
- - - - - - -
600
. . . . . . . . . . .
Interest accrued on item 1, from Nov. 1, 2015, to Jan. 1,
2016
- - - - - - -
- - - - - - -
- - - - - - -
400
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
500 shares Public Service Corp., common; N.Y. Exchange
XXXXXXXXX
110
- - - - - - -
- - - - - - -
55,000
. .
Dividend on item 2 of $2 per share declared Dec. 10, 2015,
payable on Jan. 9, 2016, to holders of record on Dec. 30,
2015
- - - - - - -
- - - - - - -
- - - - - - -
1,000
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Example showing use of Schedule B where the alternate valuation is adopted; date of death, January 1, 2016
Item
Description, including face amount of bonds or number of shares and par value where
Alternate
Value at
number
needed for identification. Give CUSIP number. If trust, partnership, or closely-held
valuation
Alternate
date of
entity, give EIN.
Unit value
date
value
death
CUSIP number or
EIN, where
applicable
1
$60,000-Arkansas Railroad Co. first mortgage 4%, 20-year bonds,
due 2017. Interest payable quarterly on Feb. 1, May 1, Aug. 1, and
Nov. 1; N.Y. Exchange
XXXXXXXXX
100
- - - - - -
$- - - - - -
$ 60,000
. . . . . . . . . . . . . . . . . . . . . . . .
$30,000 of item 1 distributed to legatees on Apr. 1, 2016
99
4/1/16
29,700
- - - - - -
. . . .
$30,000 of item 1 sold by executor on May 1, 2016
98
5/1/16
29,400
- - - - - -
. . . . . . .
Interest coupons attached to bonds, item 1, due and payable on
Nov. 1, 2015, but not cashed at date of death. Cashed by
executor on Feb. 2, 2016
- - - - - -
2/2/16
600
600
. . . . . . . . . . . . . . . . . . . . . . .
Interest accrued on item 1, from Nov. 1, 2015, to Jan. 1, 2016.
Cashed by executor on Feb. 2, 2016
- - - - - -
2/2/16
400
400
. . . . . . . . . . . . . . . .
2
500 shares Public Service Corp., common; N.Y. Exchange
XXXXXXXXX
110
- - - - - -
- - - - - -
55,000
. .
Not disposed of within 6 months following death
90
7/1/16
45,000
- - - - - -
. . . . . . . . .
Dividend on item 2 of $2 per share declared Dec. 10, 2015, paid
on Jan. 9, 2016, to holders of record on Dec. 30, 2015
- - - - - -
1/9/16
1,000
1,000
. . . . .
Description
Public housing bonds includible in
death. However, if the stock is being
the gross estate must be included at
traded on an exchange and is selling
Stocks. For stocks, indicate:
their full value.
ex-dividend on the date of the
Number of shares;
decedent's death, do not include the
If you paid any estate, inheritance,
Whether common or preferred;
amount of the dividend as a separate
legacy, or succession tax to a foreign
Issue;
item. Instead, add it to the ex-dividend
country on any stocks or bonds included
Par value where needed for
quotation in determining the FMV of the
in this schedule, group those stocks and
identification;
stock on the date of the decedent's
bonds together and label them
Price per share;
death. Dividends declared on shares of
“Subjected to Foreign Death Taxes.”
Exact name of corporation;
stock before the death of the decedent
List interest and dividends on each
Principal exchange upon which sold,
but payable to stockholders of record on
if listed on an exchange; and
stock or bond on a separate line.
a date after the decedent's death are
Nine-digit CUSIP number (defined
not includible in the gross estate for
Indicate as a separate item dividends
later).
federal estate tax purposes and should
that have not been collected at death
not be listed here.
and are payable to the decedent or the
Bonds. For bonds, indicate:
estate because the decedent was a
Quantity and denomination;
stockholder of record on the date of
Part Instructions
-23-
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