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Pennsylvania Department of Revenue
Instructions for REV-1737-2 Schedule A
REV-1737-2 IN (EX) 09-18 Real Estate
ITEM NUMBER
GENERAL INFORMATION
Enter the next sequential number for each real estate item
PURPOSE reported.
Use REV-1737-2, Schedule A to report all Pennsylvania real DESCRIPTION
estate held by the decedent solely or as tenant-in-common.
Report the physical street address of the property and the
Property jointly owned with rights of survivorship parcel ID number.
should be reported on REV-1737-5, Schedule F.
When reporting the fractional interest in a parcel of real
SPECIAL FARM USE VALUATION property owned as tenant-in-common, state the decedent’s
For dates prior to July 1, 2012, under Section 9122 of the fractional interest, including the full value of the property with
Inheritance and Estate Tax Act of 1991, land devoted to the description and enter only the value of the decedent’s
agricultural use, agriculture reserve or forest reserve may interest in the column marked, “Value at Date of Death”.
be eligible for preferential assessment measured by partic-
ular use, rather than by fair market value. This preferential NOTE: When reporting a fractional interest, include
valuation may be used to determine county property tax a copy of the deed.
assessments. If you elect to use this method of valuation, the VALUE AT DATE OF DEATH
special use valuation under the Pennsylvania Farmland and
Forest Land Assessment Act of 1974, 72 P.S. §5490.1, et. Estates are required to report all real estate at the fair
seq. must be reported. You will also be required to submit market value as of the date of death. Fair market value is
fair market value appraisals of the residential property, farm defined as the price at which the property would be sold by
outbuildings and agricultural property so that a proper a willing seller, not compelled to sell, to a willing buyer, not
valuation may be made if the special use is discontinued or compelled to buy, both of whom have reasonable knowl-
if the property does not meet all requirements. edge of the relevant facts.
AGRICULTURE EXEMPTIONS There are three methods to value the property at date of
For dates of death on or after July 1, 2012, real estate that death: sale price, appraisal value or county tax assessment
qualifies under the Agriculture Exemption enacted by Act multiplied by the common level ratio factor.
85 of 2012 may be exempt from inheritance tax. For more The Department of Revenue allows up to 15 months after
information refer to the Department’s Informational Notice
the date of death to report a sale price. If using a sale price,
2012-01. Qualifying exemptions must be reported on
REV-1197, Schedule AU. report the gross sale price.
Structures affixed to the real estate that do not qualify for NOTE: Attach a copy of the tax assessment notice,
an exemption must be valued and reported on Schedule A. certified appraisal, or settlement sheet (HUD1) used
to value the real property on this schedule.
NOTE: Real estate held between a decedent and
the surviving spouse as either tenants by the If the real estate was sold to a family member or anyone
entireties or joint tenants with right of survivorship for associated with the administration of the estate, an
more than one year prior to the decedent’s death is appraisal or other documentary evidence of the fair market
exempt from inheritance tax. value must be submitted to verify that the real estate was
sold at the fair market value.
SCHEDULE INSTRUCTIONS IMPORTANT: Sale price can only be reported if
PART I - REAL ESTATE IN PENNSYLVANIA the real estate was sold within 15 months of the
List and describe all real property located in Pennsylvania. date of death.
PART II - REAL ESTATE OUTSIDE PENNSYLVANIA PART I TOTAL
List and describe all real property located outside Total all items in the value at date of death column in Part I
Pennsylvania. and enter value here.
PART II TOTAL
IMPORTANT: Complete Part II ONLY when the
proportionate method of tax computation is elected. Total all items in the value at date of death column in Part II
and enter value here.
ESTATE OF
Enter the complete name of the estate as shown on the TOTAL
REV-1737-A, Pennsylvania Inheritance Tax Return Enter the total amount of Part I Total and Part II Total. Carry
Nonresident Decedent. this value to Page 2, Line 1 of the REV-1737-A.
www.revenue.pa.gov REV-1737-2 1
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