Question

In: Accounting

which of following is reported on Form 706, Schedule F? An interst in a limited liability...

which of following is reported on Form 706, Schedule F? An interst in a limited liability company, Life insurance that decedent held on the life of their parent, Household goods, All of the above.

Solutions

Expert Solution

The correct answer is Option #4: All of the above are to be reported under Schedule F of Form 706.

Items that are reported in Schedule F of Form 706 include:

>Personal & household article,
>Automobiles & vehicles
>royalties,
>Insurance on other person's life
>interest in partnership, sole proprietorship,
>Safe deposit box
> any few other items.

Above items are included in the options provided in the question.

Hence, correct naswer is ALL OF THE ABOVE.


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