Enlarge image | Department of Taxation and Finance ET-706 For office use only New York State Estate Tax Return (9/19) For an estate of an individual who died on or after January 1, 2019 Amended return Federal audit changes Decedent’s last name First name Middle initial Social Security number (SSN) Address of decedent at time of death (number and street) Date of death If copy of death certificate is attached, mark an Xin the box City State ZIP code County of residence If the decedent was a nonresident of New York State (NYS) on the date of death, mark an Xin the box and attach a completed Form ET-141, New York State Estate Tax Domicile Affidavit. Employer identification Name and EIN of any trusts created or funded by the will number (EIN) of the estate Power of Attorney – Mark an Xin the box if Form ET-14,Estate Tax Power of Attorney, isattached (see instructions) If Form ET-14 was previously provided, indicate which form it was attached to and the date it was submitted: Form Date Executor – If you are submitting Letters Testamentary or Letters of Administration with this form, indicate in the box the type of letters. Enter Lif regular,LL if limited letters. If you are not submitting letters with this form, enter N . Surrogate’s court – If a proceeding for probate or administration has commenced in a surrogate’s court in NYS, enter county. Attorney’s or authorized representative’s last name First name MI Executor’s last name First name MI In care of (firm’s name) If more than one executor, mark Email address of executor an Xin the box (see instr.) Address of attorney or authorized representative Address of executor City State ZIP code City State ZIP code PTIN or SSN of attorney or authorized rep. Telephone number Social Security number of executor Telephone number ( ) ( ) If the decedent possessed a cause of action or was a plaintiff in any litigation at the time of death, mark an X in the box and complete Schedule F (see Form ET-706-I, Instructions for Form ET-706) .............................................................. Installment payments of tax for closely held business – Do you elect to pay the tax in installments as described in IRC § 6166 (NYS Tax Law § 997)? If Yes, attach Form ET-415 (see Form ET-706-I) ....................................................... Yes No If releases of lien are needed, attach Form(s) ET-117 (see Form ET-706-I) and enter the number of counties here .... a Is a federal estate tax return (either federal Form 706 or Form 706-NA) required to be filed with the IRS (see Form ET-706-I)? .... Yes No Note: You must submit a completed federal estate tax return with this return, even when you are not required to file with the Internal Revenue Service (IRS). b Are you making a qualified terminable interest property (QTIP) marital election? ................................................... Yes No If you marked Yes above, the QTIP must be listed on Schedule M, section A1 of federal Form 706 you are attaching to this filing. Provide the Social Security number of the surviving spouse 1 Taxable estate for New York State (from Schedule A, Part 1, line 18, or Part 2, line 33) .......................... 1. 2 New York State estate tax (from tax table on page 6) .......................................................................... 2. 3 Applicable credit (see instructions) ..................................................................................................... 3. 4 Tax after credit (subtract line 3 from line 2) .......................................................................................... 4. 5 Net prior tax payments to New York State (attach a Schedule of dates and amounts; see instructions) ... 5. Tax computation 6 If line 5 is less than line 4, subtract line 5 from line 4. This is the amount you owe ....................... 6. 7 If line 5 is greater than line 4, subtract line 4 from line 5. This is the amount to be refunded to you ... 7. Executor, attorney, and preparer, be sure to sign this return on page 6. 02200109190094 |
Enlarge image | Page 2 of 6 ET-706 (9/19) Schedule A – Computation of New York State taxable estate Part 1 – Resident 8 Amount from federal Form 706, page 3, part 5, line 13 ...................................................................... 8. 9 Property with a location outside New York State (from Schedule B) ..................................................... 9. 10 Subtotal (subtract line 9 from line 8) ........................................................................................................ 10. 11 Amount determined under § 957 (relating to Powers of Appointment prior to 1930) .................................. 11. 12 Taxable gifts (from Schedule D; see instructions for important changes) ..................................................... 12. 13 Includible QTIP for New York State not included in the amount reported on line 8 (see instructions) ... 13. 14 Total gross estate for New York State (add lines 10 through 13) ............................................................ 14. 15 Total allowable federal deductions (from federal Form 706, page 3, part 5, line 24) .................................................................................. 15. 16 Federal deductions not allowed for New York State purposes (from Schedule E, line 50) .......................................................................... 16. 17 Allowable federal deductions for NYS purposes (subtract line 16 from line 15) ...................................... 17. 18 Taxable estate for New York State (subtract line 17 from 14) ................................................................. 18. Part 2 – Nonresident 19 Amount from federal Form 706, page 3, part 5, line 13; or Form 706-NA, page 2, Schedule B, line 1 19. 20 Property with a location outside New York State (from Schedule B) ... 20. 21 Intangible property included in line 19 amount ................................. 21. 22 Non-taxable estate for New York State purposes (add lines 20 and 21) ................................................ 22. 23 Amount of federal gross estate subject to New York State estate taxes (subtract line 22 from line 19) .. 23. 24 Amount determined under § 957 (relating to Powers of Appointment prior to 1930) .................................. 24. 25 Taxable gifts (from Schedule D; see instructions for important changes) ..................................................... 25. 26 Includible QTIP for New York State not included in the amount reported on line 19 (see instructions) .... 26. 27 Total gross estate for New York State (add lines 23 through 26) ............................................................ 27. 28 Total allowable federal deductions (from federal Form 706, page 3, part 5, line 24; or Form 706-NA, page 2, Schedule B, line 8) .................. 28. 29 Federal deductions not allowed for New York State purposes (from Schedule E, line 68) ......................................................................... 29. 30 Allowable federal deductions for NYS purposes (subtract line 29 from line 28) ....................................... 30. 31 Tentative New York State taxable estate (subtract line 30 from line 27) .................................................. 31. 32 Works of art on loan in New York State .............................................................................................. 32. 33 Taxable estate for New York State (subtract line 32 from line 31) ........................................................... 33. Schedule B – Property located outside New York State List below each item of real and tangible personal property located outside New York State that is included in the federal gross estate. Include the item number, the schedule of federal Form 706 or Form 706-NA on which it was reported, and the reported value of the property. (Submit additional sheets if necessary; see instructions) Item number Description Value Total amounts from all additional sheets ................................................................................................................................ Total value of property located outside New York State (include totals from all additional sheets). Enter here and on Schedule A, line 9 or 20. .................................................................................................................................................... 02200209190094 |
Enlarge image | ET-706 (9/19) Page 3 of 6 Schedule C – New York property of a nonresident individual List below each item of real and tangible personal property located within New York State. Include the item number, the schedule of federal Form 706 or Form 706-NA on which it was reported, and the reported value of the property. (Submit additional sheets if necessary; see instructions) Item number Description Value Total amounts from all additional sheets ............................................................................................................................... Total value of New York property of nonresident individual (include totals from all additional sheets) ........................................... Schedule D – Taxable gifts List below all taxable gifts under Internal Revenue Code § 2503 made during the three-year period ending on the individual's date of death that were not otherwise included in the federal gross estate. Taxable gifts would not include any gift of real or tangible personal property located outside New York State, any gift made when the individual was not a resident of New York State, or any gift made prior to April 1, 2014. (Submit additional sheets if necessary; see instructions) Date gift made Description of property gifted (including location) Taxable amount of gift Total amounts from all additional sheets ............................................................................................................................... Total taxable amount of gifts(include totals from all additional sheets) .Enter here and on Schedule A, line 12 or 25. ............... 02200309190094 |
Enlarge image | Page 4 of 6 ET-706 (9/19) Schedule E – Computation of allowable New York State deductions Part 1 – Resident Description of A B C D allowable federal Total on federal return Deductions directly Deductions directly Deductions not directly deductions related to property related to property related to property inside inside New York State outside or outside New York State or intangible personal New York State* or to intangible personal property property (deductions to be allocated) 34 Schedule J – funeral expenses and expenses incurred in administering property subject to claims 35 Schedule K – debts of the decedent 36 Schedule K – mortgages and liens 37 Add lines 34, 35, and 36 38 Allowable amount of deductions from line 37 above 39 Schedule L – net losses during administration 40 Schedule L – expenses incurred in administering property not subject to claims 41 Schedule M – bequests, etc., to surviving spouse 42 Schedule O – charitable, public, and similar gifts and bequests 43 Total (add lines 38 through 42) * If you have an amount entered in column C, attach a statement indicating the item number of the property listed on Schedule B that the deduction is directly related to if the location of the deduction is not clearly labeled on federal Schedules J through O. 44 Property outside New York State (from Schedule A, Part 1, line 9) .......................................................... 44. 45 Federal gross estate (from Schedule A, Part 1, line 8) ............................................................................. 45. 46 Allocation percentage (divide line 44 by line 45; enter the percent as a decimal rounded to four places) ........ 46. 47 Deductions not directly related to property inside or outside New York State or intangible personal property (from column D, line 43) .......................................................................................... 47. 48 Deductions allocated to property outside New York State (multiply line 46 and line 47) .......................... 48. 49 Deductions directly related to property outside New York State (from column C, line 43) ....................... 49. 50 Federal deductions not allowed for New York State purposes(add lines 48 and 49; also enter on Schedule A, Part 1, line 16) ................................................................................................................................. 50. 02200409190094 |
Enlarge image | ET-706 (9/19) Page 5 of 6 Schedule E – Computation of allowable New York State deductions (continued) Part 2 – Nonresident Description of A B C D allowable federal Total on federal return Deductions directly Deductions directly Deductions not directly deductions related to property inside related to property related to property inside New York State outside New York State or outside New York State or intangible personal or to intangible personal property* property (deductions to be allocated) 51 Schedule J – funeral expenses and expenses incurred in administering property subject to claims 52 Schedule K – debts of the decedent 53 Schedule K – mortgages and liens 54 Add lines 51, 52, and 53 55 Allowable amount of deductions from line 54 above 56 Schedule L – net losses during administration 57 Schedule L – expenses incurred in administering property not subject to claims 58 Schedule M – bequests, etc., to surviving spouse 59 Schedule O – charitable, public, and similar gifts and bequests 60 Total (add lines 55 through 59) * If you have an amount entered in column C, attach a statement indicating the item number of the property listed on Schedule B that the deduction is directly related to if the location of the deduction is not clearly labeled on federal Schedules J through O. 61 Property outside New York State and intangible personal property (from Schedule A, Part 2, line 22) .... 61. 62 Federal gross estate (from Schedule A, Part 2, line 19) ............................................................................ 62. 63 Allocation percentage (divide line 61 by line 62; enter the percent as a decimal rounded to four places) ........ 63. 64 Deductions not directly related to property inside or outside New York State or intangible personal property (from column D, line 60) ......................................................................................................... 64. 65 Deductions allocated to property outside New York State and intangible personal property (multiply line 63 and line 64) .............................................................................................................................. 65. 66 Deductions directly related to property outside New York State and intangible personal property (from column C, line 60) ....................................................................................................................... 66. 67 State death tax deduction (from federal Form 706-NA, page 2, Schedule B, line 7), if any .......................... 67. 68 Federal deductions not allowed for New York State purposes(add lines 65, 66 and 67; also enter on Schedule A, Part 2, line 29) ................................................................................................................................. 68. 02200509190094 |
Enlarge image | Page 6 of 6 ET-706 (9/19) Schedule F – Description of litigation or cause of action In the area provided below, describe any litigation in which the decedent was a plaintiff or litigation that is pending or contemplated on behalf of the decedent. Include the actual or estimated values of such litigation (see Litigation information in instructions). Tax table If the New York taxable estate is: over but not over The tax is: $ 0 $ 500,000 3.06% of taxable estate 500,000 1,000,000 $ 15,300 plus 5.0% of the excess over $ 500,000 1,000,000 1,500,000 40,300 plus 5.5% " " " " 1,000,000 1,500,000 2,100,000 67,800 plus 6.5% " " " " 1,500,000 2,100,000 2,600,000 106,800 plus 8.0% " " " " 2,100,000 2,600,000 3,100,000 146,800 plus 8.8% " " " " 2,600,000 3,100,000 3,600,000 190,800 plus 9.6% " " " " 3,100,000 3,600,000 4,100,000 238,800 plus 10.4% " " " " 3,600,000 4,100,000 5,100,000 290,800 plus 11.2% " " " " 4,100,000 5,100,000 6,100,000 402,800 plus 12.0% " " " " 5,100,000 6,100,000 7,100,000 522,800 plus 12.8% " " " " 6,100,000 7,100,000 8,100,000 650,800 plus 13.6% " " " " 7,100,000 8,100,000 9,100,000 786,800 plus 14.4% " " " " 8,100,000 9,100,000 10,100,000 930,800 plus 15.2% " " " " 9,100,000 10,100,000 ................................... 1,082,800 plus 16.0% " " " " 10,100,000 This return must be filed within nine months after the date of death unless an extension of time to file the return has been granted. Mail your return and payment (if any) to: NYS ESTATE TAX PROCESSING CENTER PO BOX 15167 ALBANY NY 12212-5167 If not using U.S. Mail, see Publication 55, Designated Private Delivery Services. Reminders: Sign this return. If there is an amount due on line 6, make check payable in U.S. funds to Commissioner of Taxation and Finance. Attach a completed copy of the federal estate tax return along with any accompanying schedules and supplementary information. If an attorney or authorized representative is listed on this return, he or she must complete the following declaration. I declare that I have agreed to represent the executor(s) for the above estate, that I am authorized to receive tax information regarding the estate, and I am(mark an Xin all that apply): an attorney a certified public accountant an enrolled agent a public accountant enrolled with the NYS Education Department Signature of attorney or authorized representative Date Email address of attorney Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Furthermore, I/we, as executor(s) for this estate, authorize the person, if any, named as my/our representative on this return to receive confidential tax information regarding this estate. Signature of executor Date Signature of co-executor Date Print name of preparer other than executor Signature of preparer other than executor Preparer’s PTIN or SSN Preparer’s NYTPRIN Address of preparer City State ZIP code Date Email address of preparer 02200609190094 |