Screen OthInfo - Questions Regarding the Estate or Trust (706)

Questions

Gross estate contains section 2044 property
Enter
X
to indicate the gross estate contained any qualified terminable interest property from a prior gift or estate.
Value of interest discounted on return
Enter the schedule, item number, and discount percentage if the value of the interest in a partnership, unincorporated business, or closely held corporation held by the decedent or fractional interest in real estate was discounted.
Decedent: Sold interest in a partnership, LLC, or closely held corporation
Enter the EIN of this transferred or sold item.
Not reporting a trust interest …
Enter an explanation if: (A) the decedent was ever the beneficiary of a trust for which a deduction was claimed on by the estate of a pre-deceased spouse, and (B) the deducted asset interest is not included in the gross estate.
Value of property subject to claims
The total amount deductible for funeral expenses, administration expenses, and other claims against the estate are payable out of assets of the estate. If the total exceeds the assets, enter the value of property available for expenses and other claims.
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