Question

FORM 706SCHEDULE A IS USED TO REPORT WHICH OF THE FOLLOWING TYPES OF PROPERTY

Answer 1

FORM 706 SCHEDULE A IS USED TO REPORT THE FOLLOWING TYPES OF PROPERTY:

*Land area

*Any type of improvements such as house and lot

*Street address

*The legal description on the deed

*Any accrued rent: Any rent that has been earned prior to the decedent’s death but has not paid until after the date of the death.

*The appraisal and other basis for the valuation of the property: One should describe the appraisal & attach the copy as an exhibit at the end of the return form.