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Pennsylvania Department of Revenue
Instructions for REV-1737-3 Schedule B/Schedule D
REV-1737-3 IN (EX) 09-18 Stocks and Bonds/Mortgages & Notes Receivable
SCHEDULE B
death occurred on a day when there were no sales, deter-
GENERAL INFORMATION
mine the valuation by taking the average of the mean
PURPOSE between the highest and lowest selling price on the nearest
Use REV-1737-3, Schedule B to report all stocks and trading date before and after the date of death. In cases of
bonds held by the decedent solely or as tenant-in- common stock quotations listed as “Over the Counter”, use the
on the date of the decedent’s death. mean between the bids and asked.
IMPORTANT: Complete Schedule B ONLY when the Mutual funds are to be reported at the net asset value
proportionate method of tax computation is elected. (NAV). Include as a separate item, dividends not collected
at death but payable to the decedent or estate since the
SCHEDULE INSTRUCTIONS decedent was a stockholder of record on or before the date
of death. When stock is being traded on an exchange and
ESTATE OF
is selling ex-dividend on the date of the decedent’s death,
Enter the complete name of the estate as shown on the
REV-1737-A, Pennsylvania Inheritance Tax Return add the amount of the dividend to the ex-dividend quotation
Nonresident Decedent. to determine the fair market value of the stock as of the
date death.
ITEM NUMBER
Enter the next sequential number for each asset reported. CAUTION: Interest due, but not yet collected, and
interest accrued, but not yet due, as of the decedent’s
DESCRIPTION
date of death are taxable property and must be reported on
Include a description for each stock or bond listed.
Schedule B.
Stock descriptions must include the number of shares,
VALUE AT DATE OF DEATH
whether common or preferred, par and market values, and
the exact name of the corporation. The taxable amount is the market value of the asset as of
the date of death.
Bond descriptions must include type of bond, quantity,
denomination, obligor, date of maturity, interest rate, and TOTAL
interest due dates. Total all items in the Value at Date of Death column and
Determine the market value by taking the mean of the high- enter value here. Carry the value to Page 2, Line 2 of the
est and lowest quoted selling prices on the date of death. If REV-1737-A.
SCHEDULE D
ITEM NUMBER
GENERAL INFORMATION
Enter the next sequential number for each asset reported.
PURPOSE DESCRIPTION
Use REV-1737-3, Schedule D to report all mortgages and Include a description for each mortgage or notes receivable
notes receivable owed to the decedent on the date of the reported.
decedent’s death. The mortgage description must include the face value and
IMPORTANT: Complete Schedule D ONLY when the unpaid balance, date of mortgage, date of maturity, name
proportionate method of tax computation is elected. of maker, property mortgaged, mortgage book reference,
schedule of payments, interest dates and rate of interest.
SCHEDULE INSTRUCTIONSThe notes receivable description must include the face
value and unpaid balance, date of note, date of maturity,
ESTATE OF name of maker, property address, schedule of payments,
Enter the complete name of the estate as shown on the interest dates and rate of interest.
REV-1737-A, Pennsylvania Inheritance Tax Return NOTE: This is an asset of the decedent, i.e., the
Nonresident Decedent. decedent was the person receiving the payments.
www.revenue.pa.gov REV-1737-3 1
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