which of the following is reported on form 706 schedule if? A. an interest in a...

which of the following is reported on form 706 schedule if?

A. an interest in a limited liability company

B. Life insurance that the decedent held on the life of their parent

C. household goods

D. all of the above

Solutions

Expert Solution

D. all of the above

IRS Form 706 is used by an executor of a decedent's estate to calculate estate tax owed. it requires to list out entire estate including Share in LLP, Life insurance policy and household goods owned by the decedent. Form 706 is required to be followed by the executor of the decedent before taking into the effect of distribution as directed by the will

ekkarill92 answered 1 year ago

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