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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
Note. An exception is made for works exemption under section 871(h)(1) Stocks. In descriptions of stock,
of art that are owned by a nonresident had such interest been received by include:
alien and are located within the United the decedent at the time of his • The corporation's name;
States, if on the date of death the works death. However, if the debt earns • The number of shares;
of art are: contingent interest, some or all of it • Whether common or preferred (if
• Imported solely for public exhibition, may be considered property in the preferred, what issue);
• On loan to a nonprofit public gallery United States (section 2105(b)(3)). • The par value (when needed for
or museum, and • Certain short-term original issue identification);
• On exhibition or en route to or from discount debt obligations. • Nine-digit CUSIP number (defined
exhibition. See section 2105(b)(4) for details. later); and
• The quotation at which reported.
Stock. Generally, no matter where Deposits. The following deposits Give the main exchange for listed
stock certificates are physically located, are treated as located outside the stock. For unlisted stock, give the post
stock of corporations organized in or United States if they are not effectively office address of the main business
under U.S. law is property located in the connected with conducting a trade or office of the corporation, the state in
United States, and all other corporate business within the United States. which incorporated, and the
stock is property located outside the • A deposit with a U.S. bank or a U.S. incorporation date.
United States. banking branch of a foreign
Stock in a regulated investment corporation. Bonds. In bond descriptions,
company (RIC). For a nonresident • A deposit or withdrawable account include:
alien decedent who died after 2004 and with a savings and loan association • The quantity and denomination,
before 2012, a portion of stock in a RIC chartered and supervised under • Obligor's name,
is treated as property located outside federal or state law. • Maturity date,
the United States in the proportion of the • An amount held by a U.S. insurance • Interest rate,
RIC's qualifying assets in relation to the company under an agreement to • Each date when interest is payable,
total assets owned by the RIC at the pay interest. • Nine-digit CUSIP number, and
end of the quarter immediately • A deposit in a foreign branch of a • Series number (if more than one
preceding the decedent's death. U.S. bank. issue).
Qualifying assets are assets that, if If an asset is included in the total Give the exchange where the bond is
owned directly by the decedent, would gross estate because the decedent listed. If it is unlisted, give the
have been: owned it at the time of death, apply the corporation's main business office.
• Bank deposits and amounts above location rules as of the date of
described in section 871(i)(3), the decedent's death. However, if an CUSIP number. The CUSIP
• Portfolio debt obligations, asset is included in the decedent's total (Committee on Uniform Security
• Certain original issue discount gross estate under one of the transfer Identification Procedures) number is a
obligations, provisions (sections 2035, 2036, 2037, nine-digit number that is assigned to all
• Debt obligations of a U.S. and 2038), it is treated as located in the stocks and bonds traded on major
corporation that are treated as United States if it fulfills these rules exchanges and many unlisted
giving rise to foreign source income, either at the time of the transfer or at the securities. Usually, the CUSIP number
and time of death. is printed on the face of the stock
certificate. If you do not have a stock
• Other property not within the United For example, if an item of tangible certificate, the CUSIP number may be
States. personal property was physically found on the broker's or custodian's
See section 2105(d) for details. located in the United States on the date statement or by contacting the
of a section 2038 transfer but had been company's transfer agent.
Insurance proceeds. Proceeds of moved outside the United States at the
insurance policies on the decedent's life time of the decedent's death, the item Schedules E, G, or H. If you are
are property located outside the United would be considered still located in the required to file Schedule E, G, or H from
States. United States and should be listed on Form 706, you do not need to enter the
Debt obligations within United Schedule A. assets reported on those schedules on
States. Debt obligations are generally If the decedent was a U.S. Schedule A of this Form 706-NA.
property located in the United States if expatriate, the decedent is treated as Instead, attach the schedules to Form
they are debts of a U.S. citizen or owning a prorated share of the U.S. 706-NA, in column (b) enter “Total from
resident, a domestic partnership or property held by a foreign corporation in Schedule __, Form 706,” and enter the
corporation, a domestic estate or trust, which he or she directly or indirectly total values from the attached
the United States, a state or state's owned at least 10% of the voting stock schedules in either column (d) or (e).
political subdivision, or the District of and, directly, indirectly, or Property valuation date. Generally,
Columbia. constructively, owned more than 50% of property must be valued as of the date
the stock by vote or value (section of death. Columns (c) and (d) do not
Debt obligations outside United 2107(b)). apply in this case, and you may use the
States. The following debt obligations space to expand descriptions from
are generally treated as located outside Describe the property on Schedule A
the United States. in enough detail to enable the IRS to column (b).
• Debt obligations (whether identify it. To determine the fair market However, you may elect to use the
registered or unregistered) issued value of stocks and bonds, use the rules alternate valuation date. To make this
after July 18, 1984, if the interest on in the Instructions for Form 706, election, check the “Yes” box at the
them would be eligible for tax Schedule B—Stocks and Bonds. beginning of Schedule A. If you do so,
-4- Instructions for Form 706-NA (Rev. 9-2021)
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