Form Sch E Sch E Jointly Owned Property

Form 706 (Rev. 9-2009)

Decedent’s Social Security Number

Estate of:

SCHEDULE E—Jointly Owned Property
(If you elect section 2032A valuation, you must complete Schedule E and Schedule A-1.)

PART 1. Qualified Joint Interests—Interests Held by the Decedent and His or Her Spouse as the Only Joint
Tenants (Section 2040(b)(2))
Item
number

Description. For securities, give CUSIP number. If trust, partnership, or
closely held entity, give EIN

Alternate
valuation date

Alternate value

Value at date of death

CUSIP number or
EIN, where
applicable

1

Total from continuation schedules (or additional sheets) attached to this schedule

1a
1b

1a Totals
1b Amounts included in gross estate (one-half of line 1a)

PART 2. All Other Joint Interests
2a State the name and address of each surviving co-tenant. If there are more than three surviving co-tenants, list the additional co-tenants
on an attached sheet.
Name

Address (number and street, city, state, and ZIP code)

A.
B.
C.
Item
number

Enter
letter for
co-tenant

Description (including alternate valuation date if any). For securities, give
CUSIP number. If trust, partnership, or closely held entity, give EIN

Percentage
includible

Includible
alternate value

Includible value at
date of death

CUSIP number or
EIN, where
applicable

1

Total from continuation schedules (or additional sheets) attached to this schedule
2b Total other joint interests
3

Total includible joint interests (add lines 1b and 2b). Also enter on Part 5—Recapitulation,
page 3, at item 5

2b
3

(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.)
(See the instructions on the reverse side.)

Schedule E—Page 17

Form 706 (Rev. 9-2009)

Instructions for Schedule E—Jointly Owned
Property
If you are required to file Form 706, you must complete
Schedule E and file it with the return if the decedent
owned any joint property at the time of death, whether
or not the decedent’s interest is includible in the gross
estate.
Enter on this schedule all property of whatever kind
or character, whether real estate, personal property, or
bank accounts, in which the decedent held at the time
of death an interest either as a joint tenant with right to
survivorship or as a tenant by the entirety.
Do not list on this schedule property that the
decedent held as a tenant in common, but report the
value of the interest on Schedule A if real estate, or on
the appropriate schedule if personal property. Similarly,
community property held by the decedent and spouse
should be reported on the appropriate Schedules A
through I. The decedent’s interest in a partnership
should not be entered on this schedule unless the
partnership interest itself is jointly owned. Solely
owned partnership interests should be reported on
Schedule F, “Other Miscellaneous Property Not
Reportable Under Any Other Schedule.”
Part 1. Qualified joint interests held by decedent
and spouse. Under section 2040(b)(2), a joint interest
is a qualified joint interest if the decedent and the
surviving spouse held the interest as:
● Tenants by the entirety, or
● Joint tenants with right of survivorship if the
decedent and the decedent’s spouse are the only
joint tenants.
Interests that meet either of the two requirements
above should be entered in Part 1. Joint interests that
do not meet either of the two requirements above
should be entered in Part 2.
Under “Description,” describe the property as
required in the instructions for Schedules A, B, C, and
F for the type of property involved. For example, jointly
held stocks and bonds should be described using the
rules given in the instructions to Schedule B.
Under “Alternate value” and “Value at date of
death,” enter the full value of the property.
Note. You cannot claim the special treatment under
section 2040(b) for property held jointly by a decedent
and a surviving spouse who is not a U.S. citizen. You
must report these joint interests on Part 2 of
Schedule E, not Part 1.

Schedule E—Page 18

Part 2. All other joint interests. All joint interests that
were not entered in Part 1 must be entered in Part 2.
For each item of property, enter the appropriate
letter A, B, C, etc., from line 2a to indicate the name
and address of the surviving co-tenant.
Under “Description,” describe the property as
required in the instructions for Schedules A, B, C, and
F for the type of property involved.
In the “Percentage includible” column, enter the
percentage of the total value of the property that you
intend to include in the gross estate.
Generally, you must include the full value of the
jointly owned property in the gross estate. However,
the full value should not be included if you can show
that a part of the property originally belonged to the
other tenant or tenants and was never received or
acquired by the other tenant or tenants from the
decedent for less than adequate and full consideration
in money or money’s worth, or unless you can show
that any part of the property was acquired with
consideration originally belonging to the surviving joint
tenant or tenants. In this case, you may exclude from
the value of the property an amount proportionate to
the consideration furnished by the other tenant or
tenants. Relinquishing or promising to relinquish dower,
curtesy, or statutory estate created instead of dower or
curtesy, or other marital rights in the decedent’s
property or estate is not consideration in money or
money’s worth. See the Schedule A instructions for the
value to show for real property that is subject to a
mortgage.
If the property was acquired by the decedent and
another person or persons by gift, bequest, devise, or
inheritance as joint tenants, and their interests are not
otherwise specified by law, include only that part of the
value of the property that is figured by dividing the full
value of the property by the number of joint tenants.
If you believe that less than the full value of the
entire property is includible in the gross estate for tax
purposes, you must establish the right to include the
smaller value by attaching proof of the extent, origin,
and nature of the decedent’s interest and the
interest(s) of the decedent’s co-tenant or co-tenants.
In the “Includible alternate value” and “Includible
value at date of death” columns, you should enter only
the values that you believe are includible in the gross
estate.