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Calculate residual bequest: Marital

Enter 1 of the following codes to indicate how UltraTax CS should calculate the allocation of the residual estate to the surviving spouse.

Code	Description
Blank	Use percentages entered. To allocate a portion of the residual estate to the surviving spouse, enter a percentage in the Interest in residual estate: Marital field. If there's a residual estate to allocate after considering specific allocations to spouse, charities, and other beneficiaries, UltraTax CS uses this percentage to calculate the residual amount on the Schedule M Residual Interests Worksheet. note You'll need to enter a description in the Description of residual bequest field for the residual amount to print on Schedule M.
1	Sufficient to bring taxable income to zero. If there's a residual estate to allocate after considering specific allocations to spouse, charities, and other beneficiaries, UltraTax CS prepares the Schedule M Residual Interests Worksheet. This worksheet provides the calculation of a residual amount equal to the unallocated estate assets that causes taxable income to calculate to zero. note You'll need to enter a description in the Description of residual bequest field for the residual amount to print on Schedule M.
2	Sufficient to bring tax to zero after applicable credit. If there's a residual estate to allocate after considering specific allocations to spouse, charities, and other beneficiaries, UltraTax CS prepares the Schedule M Residual Interests Worksheet. This worksheet provides the calculation of a residual amount that causes the estate tax to calculate to zero after consideration of the applicable credit. note You'll need to enter a description in the Description of residual bequest field for the residual amount to print on Schedule M.

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