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Official form guide
Form 706-SF: 706 (Schedule F)
Internal Revenue Service Form 706 is the estate tax return schedule that reports other miscellaneous property not reported on other schedules; it must list any works of art, items, or collections whose artistic or collectible value at death exceeds $3,000.
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IRS Form 706-SF - 706 (Schedule F)
Internal Revenue Service Form 706 is the estate tax return schedule that reports other miscellaneous property not reported on other schedules; it must list any works of art, items, or collections whose artistic or collectible value at death exceeds $3,000.
Risk Radar
Scan points- 1Failing to list an item over $3,000 triggers a filing error.
- 2Leaving line 1 unanswered or marking Yes without completing line 4 and attaching required appraisals.
- 3Omitting the CUSIP number for securities or the EIN for trusts in the line 4 item details.
- 4Not entering an alternate valuation date or value when the estate elects a different valuation.
- 5Failing to add the amounts from column (v) or (vi) on line 5, resulting in incorrect totals.
Plain English
Schedule F of Form 706 tells the IRS about estate assets that don’t fit on any other schedule. It includes things like valuable artwork over $3,000, bonuses from employment, and contents of a safe‑deposit box. You list each item, give its value, and add the totals to the main estate return.
Submission Date
- Filing date: 2025-08-27 22:10:16
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when reporting other miscellaneous property not reported on any other schedule, such as works of art, items, or collections whose artistic or collectible value at death exceeds $3,000, or when electing section 2032A valuation.
- Do not use it when the property is jointly owned and must be disclosed on Schedule E (Form 706).
- Check Schedule T (Form 706) instead when you are electing section 2032A valuation.
Form selector
Use this form or another form?
Electing section 2032A valuation
Required to report alternative valuation under section 2032A
✓ Confirm election of section 2032A on Form 706 before proceeding
Jointly owned property that must be disclosed
Jointly owned assets belong on Schedule E, not Schedule F
✓ Verify property is not listed on Schedule F
Need more space for item entries
Additional statements attach to Schedule W when Schedule F runs out of space
✓ Ensure Schedule W is attached if needed
Deadline or filing window
Not stated in the official source.
Checklist
What you need before filling it out
Line 1 – works of art, items, or collections > $3,000
Appraisal of the items · Line 1 of Schedule F
Line 2 – bonus or award from decedent’s employment or death
Documentation of the bonus/award · Line 2 of Schedule F
Line 3a – safe deposit box ownership
Safe deposit box location and ownership details · Lines 3a‑d of Schedule F
Line 4 – item entries (description, CUSIP/EIN, values)
Item description, CUSIP/EIN, valuation data · Line 4 columns (i)‑(vi) of Schedule F
Line 5 – sum of alternate or date‑of‑death values
Calculated total of column (v) or (vi) · Line 5 of Schedule F
Before you submit
- 1Confirm the schedule displays the August 2025 revision date.
- 2Verify the decedent’s name and Social Security number are entered correctly.
- 3Answer Yes or No on line 1 regarding works of art and attach appraisals if Yes.
- 4Answer line 2 regarding any bonus or award and complete line 4 if Yes.
- 5Complete safe deposit box questions (lines 3a‑d) as applicable.
- 6List all miscellaneous items on line 4 with required details (CUSIP/EIN, values).
- 7Add totals in line 5 and include any Schedule W totals in line 6.
- 8Transfer the total from line 7 to Form 706, Part V, item 6.
- 9Sign the schedule where required and retain a copy for your records.
- 10Attach any additional statements or schedules referenced.
How to file this form
- 1Gather required appraisals and documentation for items exceeding $3,000.
- 2Complete Schedule F lines 1‑7, attaching any Schedule W or additional statements.
- 3Review totals and transfer the line 7 amount to Form 706 Part V, item 6.
- 4Sign Schedule F and assemble it with the main Form 706 filing.
- 5Mail the assembled return to the IRS address indicated in the Form 706 instructions.
- 6Keep the mailing receipt or tracking confirmation as proof of filing.
Known limitations
- 1Does not report jointly owned property; such property belongs on Schedule E (Form 706).
- 2When filing solely to elect portability and the estate value is below the basic exclusion amount, assets eligible for marital or charitable deduction may not need to be reported on this schedule.
- 3If an asset is not required to be reported, identify the property but leave the last three columns blank.
Field map
Compact field-by-field guide
Decedent Info
2 items
Full legal name and date of death of the deceased individual.
Employer Identification Number assigned to the estate.
Executor
1 items
Name, address, and contact information of the appointed executor.
Assets
1 items
Total value of all assets owned by the decedent at time of death.
Deductions
1 items
Funeral expenses, debts, administrative costs, and charitable bequests.
Tax
1 items
Tax calculated on taxable estate exceeding the applicable exemption amount.
Signatures
1 items
The appointed executor must sign under penalty of perjury.
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Fillable formOpen in Editor->The schedule shows a revision date of August 2025 and points to www.irs.gov/Form706 for the latest information; no change details are provided in the source.
What changed or needs a fresh check
- Edition date — confirm the schedule shows August 2025 revision (Form p.1).
- Fee — Not stated in the official source
- Mailing address — Not stated in the official source
- Signature — Not stated in the official source
Quick Facts
Downloads
After you file
- 1Retain a copy of the completed Schedule F with the main Form 706 for at least seven years.
- 2Keep all attached appraisals and safe deposit box documentation in your records.
- 3Expect an IRS acknowledgment or notice confirming receipt of the estate tax return.
- 4If an error is discovered, file an amended Schedule F using Form 706‑X.
- 5Monitor the DSUE portability election confirmation in any IRS notice received.
- 6Store the mailing receipt or tracking confirmation as proof of filing.
Sources
- SRCForm p.1 — revision date is August 2025.
- SRCForm p.1 — directs users to www.irs.gov/Form706 for the latest information.
- SRCForm p.1 — line 1 asks about works of art, items, or collections exceeding $3,000.
- SRCForm p.1 — line 2 asks about any bonus or award received as a result of the decedent’s employment or death.
- SRCForm p.1 — lines 3a‑d cover safe deposit box ownership and content explanations.
- SRCForm p.1 — line 4 provides columns (i)‑(vi) for item description, CUSIP/EIN, and values.
- SRCForm p.2 — line 5 instructs to add all amounts in column (v) or (vi).
- SRCForm p.2 — line 6 totals amounts from Schedule(s) W attached to this schedule.
- SRCForm p.2 — line 7 adds lines 5 and 6 and directs entry on Form 706, Part V, item 6.
- SRCForm p.1 — states that if you elect section 2032A valuation, you must complete Schedule F and Schedule T.
Common confusion points
Do I need to fill out Schedule F if I only file to elect portability?
The instructions mention possible reporting requirements but also note that assets may not be required to be reported.
→ Verify whether any assets require reporting per the instructions.
When should I attach Schedule W?
Users may think Schedule W is for any extra items, but it is for additional statements when more space is needed.
→ Confirm space limitation and attach Schedule W only if needed.
Do I need to enter values in the last three columns for assets I’m not required to report?
The source says leave those columns blank if reporting is not required.
→ Ensure columns are left blank for non‑required assets.
Is an appraisal required for every item over $3,000?
The source states you must complete line 4 and attach appraisals when the answer to line 1 is Yes.
→ Attach an appraisal for each qualifying work of art, item, or collection.
Can I report a safe deposit box’s contents on Schedule F?
Contents omitted from other schedules must be explained in line 3d, not listed on Schedule F.
→ Provide a full explanation in line 3d for any omitted contents.
Do I need to report a bonus or award on line 2 even if it’s non‑taxable?
The source requires completion of line 4 when the answer to line 2 is Yes, regardless of taxability.
→ Confirm with the instructions whether any bonus/award must be reported regardless of tax status.
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Questions about IRS Form 706-SF
What is IRS Form 706-SF used for?
Schedule F of Form 706 tells the IRS about estate assets that don’t fit on any other schedule. It includes things like valuable artwork over $3,000, bonuses from employment, and contents of a safe‑deposit box. You list each item, give its value, and add the totals to the main estate return.
What information does IRS Form 706-SF require?
The form collects details of each miscellaneous item, including a description, security identifier (CUSIP) or entity EIN, any alternate valuation date, the alternate value, and the value at date of death (line 4). It then totals the values (lines 5‑7) and reports them on Form 706, Part V, item 6.
How do I complete IRS Form 706-SF?
Answer Yes or No to the three initial questions about artwork, bonuses, and safe‑deposit box (lines 1‑3). List every unreported item on line 4 with its description, identifiers, and values. Add the values in column (v) or (vi) on line 5, include any totals from attached Schedule W on line 6, and combine them on line 7, then attach Schedule F to Form 706. Provide required appraisals when the $3,000 art threshold is met.
Do I need to fill out Schedule F if I only file to elect portability?
The instructions mention possible reporting requirements but also note that assets may not be required to be reported. Verify whether any assets require reporting per the instructions.
When should I attach Schedule W?
Users may think Schedule W is for any extra items, but it is for additional statements when more space is needed. Confirm space limitation and attach Schedule W only if needed.
Do I need to enter values in the last three columns for assets I’m not required to report?
The source says leave those columns blank if reporting is not required. Ensure columns are left blank for non‑required assets.
Is an appraisal required for every item over $3,000?
The source states you must complete line 4 and attach appraisals when the answer to line 1 is Yes. Attach an appraisal for each qualifying work of art, item, or collection.
Can I report a safe deposit box’s contents on Schedule F?
Contents omitted from other schedules must be explained in line 3d, not listed on Schedule F. Provide a full explanation in line 3d for any omitted contents.
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