ToolBox CS
This worksheetis used to estimate a client's U.S. estate tax (IRS Form 706).
Example
A widowed decedent died with a gross estate of $9,500,000. The estate assets consisted of real estate at $9,000,000 and stocks at $500,000. Funeral expenses were $45,000 and the decedent had a mortgage of $155,000.
| Field | Input |
|---|---|
| Real Estate | $9,000,000 |
| Funeral expenses and administration expenses | $45,000 |
| Mortgage and liens | $155,000 |
In this example, the estate tax is $1,324,000.
Footnote
* For individuals who died in 2017.
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