Question

which of the following is reported on form 706 schedule f

Answer 1

Which of the following is reported on form 706 schedule F:

An interest in a llimited company

Life insurance that the decedent owned on the life of his or her parent

Household goods

All of the above

Answer is option (All of the above).

Explanation; Schedule F lists all items that must be included in the gross estate that are not reported on any other schedule, including: • Debts due the decedent (other than notes and mortgages included on Schedule C); • Interests in business; • Any interest in an Archer medical savings account (MSA) or health savings account (HSA), unless such interest passes to the surviving spouse; • Insurance on the life of another (obtain and attach Form 712, for each policy) (see Note below); • Section 2044 property (see Decedent Who Was a Surviving Spouse, later); • Claims (including the value of the decedent's interest in a claim for refund of income taxes or the amount of the refund actually received); • Rights; • Royalties; • Leaseholds; • Judgments; • Reversionary or remainder interests; • Shares in trust funds (attach a copy of the trust instrument); • Household goods and personal effects, including wearing apparel; • Farm products and growing crops; • Livestock; • Farm machinery; and • Automobiles.