Instructions for REV-1507 Schedule D

REV-1507 EX (02-15)                                                      Mortgages and Notes Receivable

                                                                                 Note.This is an asset of the
GENERAL INFORMATIONGENERAL INSTRUCTIONSdecedent, i.e., the decedent was
PURPOSE OF SCHEDULEDESCRIPTION                                               the person receiving the payments.
Use Rev-1507 Schedule D to report allWhen reporting the mortgages includeVALUE AT DATE OF DEATH
mortgages and notes receivable owed tothe face value and unpaid balance, dateThe taxable amount is the unpaid
the decedent.                           of mortgage, date of maturity, name ofbalance on the date of death.
                                        maker, property mortgaged, mortgage
                                        book reference, schedule of payments,TOTAL
FORM INSTRUCTIONS
                                        interest dates and rate of interest.Total all items in the Value of Date of
ESTATE OF                                                                    Death column and enter value here.
                                        When reporting the note receivableEnter this value on Line 4, Page 2 of the
Enter the complete name of the estate asinclude the face value and unpaid    REV 1500.
shown on the REV-1500, Pennsylvaniabalance, date of note, date of maturity,
Inheritance Tax Return.name of obligor, schedule of payments,
FILE NUMBER                             interest dates and rate of interest.
Enter the file number of the estate
assigned by the Register of Wills as
shown on the REV-1500, Pennsylvania
Inheritance Tax Return.

www.revenue.pa.gov                                                                    REV-15071