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Instructions for REV-1508 Schedule E
REV-1508 EX (02-15) Cash, Bank Deposits, & Misc. Personal Property
Tangible personal property located part of a wrongful death/survival action
GENERAL INFORMATION outside of Pennsylvania is not claim are subject to Pennsylvania
subject to Pennsylvania inheritance tax. inheritance tax.
PURPOSE OF SCHEDULE
Use Rev-1508 Schedule E to report If any article (e.g., jewelry, furs, silverware Important.A copy of the petition
all gross probate estate assets not or paintings, etc.) is worth more than filed with the court for the approval
reportable under any other schedule. $3,000, or if any collection of articles in of the settlement and/or allocation, and
one category is valued at more than a copy of the signed court order must be
$10,000, include an appraisal by an attached.
FORM INSTRUCTIONS
expert and the appraiser’s statement
If the Department of Revenue has
ESTATE OF concerning his qualifications.
previously reviewed and accepted the
Enter the complete name of the estate as
For cash in banks and other financial settlement, attach verification. In cases
shown on the REV-1500, Pennsylvania
institutions, report the name and address where structured settlements havebeen
Inheritance Tax Return.
of the financial institution, the account accepted or there is an agreement to
FILE NUMBER number, nature of the account (i.e., provide payments for a number of years,
Enter the file number of the estate checking, savings) and the date of death it will be necessary for the estate to
assigned by the Register of Wills as balance. submit information sufficient for the
shown on the REV-1500, Pennsylvania department to calculate the present
VALUE AT DATE OF DEATH
Inheritance Tax Return. value of such distributions.
Report the date of death balance value
of each asset. Note.Only the decedent’s spouse,
GENERAL INSTRUCTIONS child or parent can institute a
Important.Attach copies of state- wrongful death claim.
DESCRIPTION ments obtained from the financial
Report jewelry, wearing apparel, house- organizations used to determine value. TOTAL
hold goods and furnishings, books, paint- Total all items in the Value at Date of
ings,automobiles, boats, time shares, Death column and enter value here.
Litigation Proceeds Received
cash on hand and in financial institutions, Report proceeds received by an estate Enter this value on Line 5, Page 2 of the
money market funds, salaries or wages, representative for any personal injury REV 1500.
rents, rents due, but not collected or rent claim instituted by the decedent prior to
accrued, but not due on the date of death, the decedent’s date of death. Caution. IRA’s, annuities and
leaseholds, royalties, patents, judgments, pension plans that have named
reversionary or remainder interests, IRA’s, Report any proceeds received from a
beneficiaries should be reported on
annuities and pension plans payable to settlement of a wrongful death/survival
REV-1510, Schedule G.
the estate. action claim instituted and paid to the
estate representative after the decedent’s For estates of decedents with a date of
Report all real property situated outside date of death. death on or after December 13, 1982, all
the commonwealth, which the decedent life insurance policies on the life of the
had contracted to sell and for which Include the date the monies were
decedent, payable to the estate or to
settlement had not occurred prior to death, received by the estate on the schedule.
a named beneficiary, are exempt from
provided that the property is not subject to All personal injury claims instituted prior
inheritance tax.
death tax in the state, country or territory to the decedent’s date of death and
wherein the property is located. funds allocated to the survival action as
www.revenue.pa.gov REV-1508 1
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