Sch Q Credit for Tax on Prior Transfers

TREASURY/IRS AND OMB USE ONLY DRAFT
SCHEDULE Q
(Form 706)

Credit for Tax on Prior Transfers

(August 2025)
Department of the Treasury
Internal Revenue Service

OMB No. 1545-0015

Attach to Form 706.
Go to www.irs.gov/Form706 for instructions and the latest information.

Decedent’s social security number

Decedent’s name as it appears on Form 706

Part I

Version A, Cycle 5

Transferor Information

Enter the transferor information. If you are figuring the credit for more than 3 transferors, see instructions.
Name of transferor

Date of death

Social security number

A
B

Check here

Part II

if section 2013(f) (special valuation of farm, etc., real property) adjustments to the computation of the credit were made. See instructions.

Computation of Credit (see instructions)
Transferor

Item

A

B

Total
A, B, and C

C

1 Transferee’s tax as apportioned, from the worksheet
for each column, divide line 7 by line 8, and multiply
the result by line 35 . . . . . . . . . .
2 Transferor’s tax. From the worksheet for each
column, line 20 . . . . . . . . . . .
3 Maximum amount before percentage requirement.
For each column, enter the smaller of line 1 or 2 .
4 Percentage
instructions

allowed. For
. . . . .

each column, see
. . . . . . .

%

%

%

5 Credit allowable. For each column, multiply line 3 by
line 4 . . . . . . . . . . . . . .
6 Total credit allowable. Add columns A, B, and C of
line 5. Enter here and on Form 706, Part II, line 14 .
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 706.

Cat. No. 94768X

Schedule Q (Form 706) (8-2025) Created 3/18/25

DRAFT — DO NOT FILE

DRAFT — DO NOT FILE

C