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Federal input screens

Screen Names - Identify Spouse, Beneficiary, Executor, Representative (706)

Spouse, Beneficiary, Executor, Representative Information

Individual name
Enter first name and then last name. For data sharing purposes, do not include an honorific, such as Dr. or Miss. Information will automatically fill the preparer’s SSN, address information, and PTIN when you select them using the drop-down list.
Executor: Type
If this is an executor, enter the code that describes whether this is the executor or one of multiple executors signing the return. If you identify many executors on the 706 return, only the executor for whom you selected
1
 will appear. The Multiple Executor Worksheet that prints with Forms 706, 706-NA, and 4768 lists the remaining executors.
Title
If you leave this blank the default title is Executor.
Authorization, engagement and/or consent
Leaving the box blank if this is an executor will disable this.
E-mail address for eSignature
Leaving the box blank if this is an executor will disable this.

Additional Beneficiary Information

Letter and Slipsheet from Executor
Enter
X
 to generate a transmittal letter and slipsheet from the executor to the beneficiary.
Salutation
The name you enter here will appear on the transmittal letter that UltraTax CS will generate with Form 8971, Schedule A. You don’t need to enter Dear because the program will automatically add a salutation. If you choose to leave this blank, transmittal letter will default to Dear Beneficiary.
Schedule E, co-tenant letter
If an individual other than the surviving spouse owned joint property with the decedent, enter a letter, beginning with
A
, to identify the co-tenant on Schedule E, Part 2.
Trust beneficiary receiving QTIP property
Enter
X
 to designate a Trust beneficiary as receiving QTIP property. This allows for an asset to be allocated to a Trust and the value of the asset to report on Schedule M. To render this enterable select
T
 in the
Entity type
 box.
Percentage of: Residual estate
The amount you enter in
Specific amount received
 is added to the percentage of residual estate calculated and any specific bequests before printing the total for each beneficiary on Form 706, Part 4. If you are allocating a percentage of the residual estate and the residual estate available to beneficiaries is zero, then only the amounts entered in
Specific amount received
 and any specific bequests print on Form 706, Part 4.
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