Recapitulation of Assets
Value at
Schedule
Alternate Value
Date of Death
A. Real property ............................................................
$
$
B. Stocks and bonds .....................................................
C. Mortgages, notes and cash ......................................
D. Insurance ..................................................................
E. See Schedule E, Part I .............................................
Joint and Survivorship Property, Part II ......................
F. Other miscellaneous property ...................................
G. Transfers during lifetime ............................................
H. Powers of appointment .............................................
I. Annuities, pensions, retirement plans .......................
Total gross estate (enter on line 1, page 1) ...............
$
$
Recapitulation of Deductions
Amount
Schedule
J. Debts and administration expenses ................................................................................ $
K. Charitable bequests ........................................................................................................
L. Marital deduction ............................................................................................................
T. Qualified family-owned business interest deduction –
REPEALED*
.................................
Total deductions (enter on line 2, page 1) ....................................................................... $
Elections by the Executor
Please check the “yes” or “no” box for each question. (See explanation of elections on pages 8 and 9.)
Yes
No
1. Do you elect alternate valuation? O.R.C. Section 5731.01(A) and (D)..................................................
2. Do you elect qualified farm property valuation? O.R.C. Section 5731.011 ............................................
3. Do you elect to claim a marital deduction for qualified terminable interest property (QTIP)?
O.R.C. Section 5731.15(B)(2) .............................................................................................................
4. Do you elect to claim a deduction for a qualified family-owned business interest?
O.R.C. Section 5731.20 –
REPEALED*
..............................................................................................
Tax Table
Net Taxable Estate (from line 3, page 1)
Tax Rate
More than $338,333, but not more than $500,000
$13,900 + 6% of excess more than $338,333
More than $500,000
$23,600 + 7% of excess more than $500,000
*Not available for estates with a date of death on or after July 1, 2005. See page 9 for a detailed explanation.
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