Form Sch F Sch F Other Miscellaneous Property Not Reportable Under Any Ot

Form 706 (Rev. 9-2009)

Decedent’s Social Security Number

Estate of:

SCHEDULE F—Other Miscellaneous Property Not Reportable Under Any Other Schedule
(For jointly owned property that must be disclosed on Schedule E, see the instructions for Schedule E.)
(If you elect section 2032A valuation, you must complete Schedule F and Schedule A-1.)
1

Did the decedent at the time of death own any works of art or items with collectible value in excess of $3,000 or Yes No
any collections whose artistic or collectible value combined at date of death exceeded $10,000?
If “Yes,” submit full details on this schedule and attach appraisals.

2

Has the decedent’s estate, spouse, or any other person received (or will receive) any bonus or award as a result of
the decedent’s employment or death?
If “Yes,” submit full details on this schedule.

3

Did the decedent at the time of death have, or have access to, a safe deposit box?
If ‘‘Yes,’’ state location, and if held in joint names of decedent and another, state name and relationship of joint
depositor.
If any of the contents of the safe deposit box are omitted from the schedules in this return, explain fully why
omitted.

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
TOTAL. (Also enter on Part 5—Recapitulation, page 3, at item 6.)
(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 F—Page 19

Form 706 (Rev. 9-2009)

Instructions for Schedule F—Other
Miscellaneous Property
You must complete Schedule F and file it with the
return.
On Schedule F, list all items that must be included in the
gross estate that are not reported on any other schedule,
including:
● Debts due the decedent (other than notes and
mortgages included on Schedule C);
● Interests in business;
● Any interest in an Archer medical savings account
(MSA) or health savings account (HSA), unless such
interest passes to the surviving spouse; and
● Insurance on the life of another (obtain and attach Form
712, Life Insurance Statement, for each policy).
Note (for single premium or paid-up policies). In certain
situations, for example, where the surrender value of the
policy exceeds its replacement cost, the true economic
value of the policy will be greater than the amount shown
on line 59 of Form 712. In these situations, you should
report the full economic value of the policy on Schedule F.
See Rev. Rul. 78-137, 1978-1 C.B. 280 for details.
● Section 2044 property (see Decedent Who Was a
Surviving Spouse below);
● Claims (including the value of the decedent’s interest in
a claim for refund of income taxes or the amount of the
refund actually received);
● Rights;
● Royalties;
● Leaseholds;
● Judgments;
● Reversionary or remainder interests;
● Shares in trust funds (attach a copy of the trust
instrument);
● Household goods and personal effects, including
wearing apparel;
● Farm products and growing crops;
● Livestock;
● Farm machinery; and
● Automobiles.
Interests. If the decedent owned any interest in a
partnership or unincorporated business, attach a statement
of assets and liabilities for the valuation date and for the 5
years before the valuation date. Also, attach statements of
the net earnings for the same 5 years. Be sure to include the
EIN of the entity. You must account for goodwill in the
valuation. In general, furnish the same information and follow
the methods used to value close corporations. See the
instructions for Schedule B.
All partnership interests should be reported on Schedule F
unless the partnership interest, itself, is jointly owned. Jointly
owned partnership interests should be reported on Schedule E.
If real estate is owned by the sole proprietorship, it should
be reported on Schedule F and not on Schedule A. Describe
the real estate with the same detail required for Schedule A.
Valuation discounts. If you answered “Yes” to Part
4—General Information, line 10b for any interest in
miscellaneous property not reportable under any other

Schedule F—Page 20

schedule owned by the decedent at the time of death, attach
a statement that lists the item number from Schedule F and
identifies the total accumulated discount taken (that is,
XX.XX%) on such interest.
If you answered “Yes” to line 10b for an interest in a limited
liability company owned by the decedent at the time of death,
attach a statement that lists the item number from Schedule F
and identifies the effective discount taken on such interest.
Example of effective discount:
a Pro-rata value of limited liability company (before any
discounts)
$100.00
b Minus: 10% discounts for lack of control
(10.00)
c Marketable minority interest value (as if freely traded minority
$90.00
interest value)
(13.50)
d Minus: 15% discount for lack of marketability
e Non-marketable minority interest value
$76.50

Calculation of effective discount:
(a minus e) divided by a = effective discount
($100.00 - $76.50)  $100.00 = 23.50%

Note. The amount of discounts are based on the factors
pertaining to a specific interest and those discounts shown in
the example are for demonstration purposes only.
If you answered “Yes” to line 10b for any transfer(s)
described in (1) through (5) on pages 15 and 16 of the
separate Form 706 instructions (and made by the decedent),
attach a statement to Schedule G which lists the item
number from that schedule and identifies the total
accumulated discount taken (that is, XX.XX%) on such
transfer(s).
Line 1. If the decedent owned at the date of death works of
art or items with collectible value (for example, jewelry, furs,
silverware, books, statuary, vases, oriental rugs, coin or
stamp collections), check the “Yes” box on line 1 and
provide full details. If any one work of art or item with
collectible value is valued at more than $3,000, or any
collection of similar articles is valued at more than $10,000,
attach an appraisal by an expert under oath and the required
statement regarding the appraiser’s qualifications (see
Regulations section 20.2031-6(b)).

Decedent Who Was a Surviving Spouse
If the decedent was a surviving spouse, he or she may have
received qualified terminable interest property (QTIP) from the
predeceased spouse for which the marital deduction was
elected either on the predeceased spouse’s estate tax return
or on a gift tax return, Form 709. The election was available
for gifts made and decedents dying after December 31,
1981. List such property on Schedule F.
If this election was made and the surviving spouse retained
his or her interest in the QTIP property at death, the full value
of the QTIP property is includible in his or her estate, even
though the qualifying income interest terminated at death. It
is valued as of the date of the surviving spouse’s death, or
alternate valuation date, if applicable. Do not reduce the
value by any annual exclusion that may have applied to the
transfer creating the interest.
The value of such property included in the surviving
spouse’s gross estate is treated as passing from the
surviving spouse. It therefore qualifies for the charitable and
marital deductions on the surviving spouse’s estate tax return
if it meets the other requirements for those deductions.
For additional details, see Regulations section 20.2044-1.