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Schedule I if you answered “Yes” to

decedent’s death. Dividends declared

Schedule B—Stocks and

on shares of stock before the death of

question 15 of Part 4.

Bonds

the decedent but payable to

stockholders of record on a date after

Exclusion

the decedent’s death are not includible

Before completing Schedule B,

Item 11. Conservation easement

in the gross estate for federal estate tax

TIP

read the examples showing use

exclusion. You must complete and

purposes.

of Schedule B where the

attach Schedule U (along with any

alternate valuation is not adopted (see

Description

required attachments) to claim the

below) and adopted (see page 14).

exclusion on this line.

Stocks. For stocks, indicate:

If the total gross estate contains any

•

Number of shares;

stocks or bonds, you must complete

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Whether common or preferred;

Deductions

Schedule B and file it with the return.

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Issue;

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On Schedule B, list the stocks and

Items 13 through 21. You must

Par value where needed for

bonds included in the decedent’s gross

attach the appropriate schedules for the

identification;

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estate. Number each item in the

deductions you claim.

Price per share;

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left-hand column. Bonds that are

Exact name of corporation;

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Item 17. If item 16 is less than or

exempt from federal income tax are not

Principal exchange upon which sold,

equal to the value (at the time of the

exempt from estate tax unless

if listed on an exchange; and

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specifically exempted by an estate tax

decedent’s death) of the property

Nine-digit CUSIP number (defined

provision of the Code. Therefore, you

subject to claims, enter the amount

below).

should list these bonds on Schedule B.

from item 16 on item 17.

Bonds. For bonds, indicate:

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Public housing bonds includible in

Quantity and denomination;

If the amount on item 16 is more

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the gross estate must be included at

Name of obligor;

than the value of the property subject to

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their full value.

Date of maturity;

claims, enter the greater of:

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If you paid any estate, inheritance,

Interest rate;

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The value of the property subject to

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legacy, or succession tax to a foreign

Interest due date;

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claims or

country on any stocks or bonds

Principal exchange, if listed on an

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The amount actually paid at the time

included in this schedule, group those

exchange; and

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the return is filed.

stocks and bonds together and label

Nine-digit CUSIP number.

them “Subjected to Foreign Death

If the stock or bond is unlisted, show

In no event should you enter more

Taxes.”

the company’s principal business office.

on item 17 than the amount on item 16.

List interest and dividends on each

See section 2053 and the related

If the gross estate includes any

stock or bond separately. Indicate as a

regulations for more information.

interest in a trust, partnership, or

separate item dividends that have not

closely held entity, provide the

been collected at death, but which are

employer identification number (EIN) of

payable to the decedent or the estate

the entity in the description column on

because the decedent was a

Schedule A—Real Estate

Schedules B, E, F, G, M, and O, where

stockholder of record on the date of

applicable. You must also provide the

See the reverse side of Schedule A on

death. However, if the stock is being

EIN of the estate (if any) in the

Form 706.

traded on an exchange and is selling

description column on the above-noted

ex-dividend on the date of the

schedules, where applicable.

decedent’s death, do not include the

Schedule A-1—Section

amount of the dividend as a separate

The CUSIP (Committee on Uniform

item. Instead, add it to the ex-dividend

Security Identification Procedure)

2032A Valuation

quotation in determining the fair market

number is a nine-digit number that is

See Schedule A-1 on Form 706.

value of the stock on the date of the

assigned to all stocks and bonds traded

Example showing use of Schedule B where the alternate valuation is not adopted; date of death, January 1, 2008

Description, including face amount of bonds or number of shares and par value

Alternate

Value at

Item

where needed for identification. Give CUSIP number. If trust, partnership, or

valuation

Alternate

date of

number

closely held entity, give EIN

Unit value

date

value

death

CUSIP number or

EIN, where

applicable

$60,000-Arkansas Railroad Co. first mortgage 4%, 20-year

bonds, due 2010. Interest payable quarterly on Feb. 1, May

1, Aug. 1 and Nov. 1; N.Y. Exchange . . . . . . . . . . . . . . . . XXXXXXXXX

100

- - - - - - - $- - - - - - -

$ 60,000

Interest coupons attached to bonds, item 1, due and

payable on Nov. 1, 2007, but not cashed at date of death . .

- - - - - - -

600

Interest accrued on item 1, from Nov. 1, 2007 to Jan. 1,

2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

- - - - - - -

400

500 shares Public Service Corp., common; N.Y. Exchange

XXXXXXXXX

110

- - - - - - -

55,000

Dividend on item 2 of $2 per share declared Dec. 10, 2007,

payable on Jan. 10, 2008, to holders of record on Dec. 30,

2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

- - - - - - -

1,000

-13-

Part Instructions and Instructions for Schedules

Instructions For Form 706 - United States Estate (And Generation-Skipping Transfer) Tax Return - 2008 Page 13

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