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Official form guide
Form 706-SI: 706 (Schedule I)
IRS Form 706 Schedule I is used to report the value of annuities received by a decedent’s estate. It must be attached to Form 706 and includes columns for full value, alternate valuation dates, and includible amounts. Generally, no exclusion applies for estates of decedents dying after December 31, 1984.
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IRS Form 706-SI - 706 (Schedule I)
IRS Form 706 Schedule I is used to report the value of annuities received by a decedent’s estate. It must be attached to Form 706 and includes columns for full value, alternate valuation dates, and includible amounts. Generally, no exclusion applies for estates of decedents dying after December 31, 1984.
Risk Radar
Scan points- 1Failing to attach Schedule W when a lump‑sum distribution exclusion is claimed.
- 2Leaving columns (iv) and (v) empty when a value is required for an annuity.
- 3Answering “Yes” to question 1 but not attaching Schedule W as instructed.
- 4Reporting only the includible value and omitting the full pre‑exclusion value.
- 5Incorrectly adding amounts on line 3, leading to a wrong total.
Plain English
Schedule I of Form 706 lists each annuity the deceased owned, shows its full value, any alternate valuation, and the amount that must be included in the estate. The totals are then carried onto the main estate tax return.
Submission Date
- Filing date: 2025-08-27 22:10:12
- 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 the value of annuities the decedent received, attached to Form 706.
- Do not use it when you are not required to report the value of an asset.
- Check Schedule W (Form 706) instead when reporting a lump‑sum distribution described in section 2039(f)(2).
Form selector
Use this form or another form?
Lump‑sum distribution exclusion under section 2039(f)(2)
Collects required details for the exclusion election
✓ Verify the distribution meets section criteria
Value of annuities received by the decedent
Captures full and includible values of annuities
✓ Ensure all annuity entries are complete
Totals from attached Schedule(s) W
Transfers totals to Part V, item 9
✓ Confirm line 3 and line 4 sums are correct
Deadline or filing window
Not stated in the official source.
Checklist
What you need before filling it out
Decedent’s name and SSN
Decedent’s legal name and Social Security number · Form 706 header
Item 2 – annuity entries
Annuity statements · Schedule I, column (i)–(v)
Line 3 – includible alternate or death value
Calculated values from column (iv) or (v) · Schedule I, line 3
Line 4 – totals from Schedule W
Completed Schedule W (Form 706) · Schedule I, line 4
Line 5 – totals to Form 706 Part V, item 9
Totals from lines 3 and 4 · Schedule I, line 5
Before you submit
- 1Enter the decedent’s name exactly as it appears on Form 706.
- 2Enter the decedent’s Social Security number.
- 3List each annuity with an item number and description.
- 4Report the entire value of each annuity in column (iii).
- 5If no exclusion applies, leave columns (iv) and (v) blank.
- 6Add amounts in column (iv) or (v) on line 3 as applicable.
- 7Include totals from any attached Schedule W on line 4.
- 8Add lines 3 and 4 and enter the result on line 5.
- 9Transfer the line 5 total to Form 706, Part V, item 9.
- 10Sign the attached Form 706.
- 11Mail the completed package to the IRS address shown in the Form 706 instructions.
- 12Retain a copy of Schedule I for your records.
How to file this form
- 1Gather all annuity statements for the decedent.
- 2Complete Schedule I (Form 706) with item numbers, descriptions, and values.
- 3Attach Schedule W (Form 706) if a lump‑sum distribution exclusion is claimed.
- 4Calculate and enter totals on lines 3, 4, and 5.
- 5Transfer the line 5 total to Form 706, Part V, item 9.
- 6Sign Form 706 and the attached Schedule I.
- 7Mail the package to the IRS and keep a copy as proof of filing.
Known limitations
- 1Do not use when the asset’s value is not required to be reported; identify the property but leave the last three columns blank.
- 2Do not use when filing solely to elect portability of the DSUE amount if the estate value is below the basic exclusion amount and no marital or charitable deductions need reporting.
- 3Do not use for lump‑sum distributions unless Schedule W (Form 706) is attached as required.
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 form is dated August 2025 and includes a link to www.irs.gov/Form706 for the latest information.
What changed or needs a fresh check
- Edition date — confirm the revision reads August 2025 on the form.
- Fee — Not stated in the official source
- Mailing address — Not stated in the official source
- Signature — Not stated in the official source
- Instructions link — verify the form points to www.irs.gov/Form706 for latest information.
Quick Facts
Downloads
After you file
- 1Keep the filed Schedule I and supporting statements for at least seven years.
- 2Monitor mail for an IRS acknowledgment or notice of deficiency.
- 3If an error is discovered, file an amended return with corrected Schedule I.
- 4Retain any IRS correspondence related to the filing.
- 5Update your records to reflect the final accepted totals.
Sources
- SRCForm p.1 — revision date is August 2025.
- SRCForm p.1 — points to www.irs.gov/Form706 for latest information.
- SRCForm p.1 — use when entering all annuities the decedent received.
- SRCForm p.1 — if not required to report an asset, identify it but leave last three columns blank.
- SRCForm p.1 — Schedule W (Form 706) required for lump‑sum distribution exclusion under section 2039(f)(2).
- SRCForm p.2 — totals from line 3 and line 4 are entered on Form 706, Part V, item 9.
- SRCForm p.1 — note about basic exclusion amount and portability considerations.
Common confusion points
Do I need to fill columns (iv) and (v) if there is no exclusion?
The form instructs to leave them blank when no exclusion applies.
→ Verify that both columns are empty for that annuity.
Can I report an annuity value on a different schedule?
Schedule I is the designated place for all annuity values.
→ Confirm the annuity appears on Schedule I.
What if the total of column (iv) and column (v) is the same?
Only one column should be used per annuity; the other stays blank.
→ Ensure only one column contains a value per line.
Is a separate Schedule W required for every annuity?
Schedule W is only required for lump‑sum distribution exclusions.
→ Check whether the annuity qualifies under section 2039(f)(2).
Should I attach additional statements if space runs out?
The instructions allow attaching Schedule W or additional statements.
→ Verify that all required information is included in the attachments.
Do I need to report assets eligible for marital deduction on this schedule?
Consider reporting them if filing solely for portability and the estate is below the basic exclusion amount.
→ Review the basic exclusion amount and deduction eligibility before deciding.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 706‑X — used to amend an already filed estate return.
Questions about IRS Form 706-SI
What is IRS Form 706-SI used for?
Schedule I of Form 706 lists each annuity the deceased owned, shows its full value, any alternate valuation, and the amount that must be included in the estate. The totals are then carried onto the main estate tax return.
What information does IRS Form 706-SI require?
It collects each annuity’s item number, description, full value before any exclusions, alternate valuation date, includible alternate value, and includible value at date of death, then totals these amounts on lines 3‑5.
How do I complete IRS Form 706-SI?
Enter every annuity the decedent received in the rows provided, filling columns for full value, alternate valuation date, includible alternate value, and includible value at death. Add the amounts in column (iv) or (v) on line 3, add any totals from attached Schedule W on line 4, then sum lines 3 and 4 on line 5 and transfer that figure to Form 706 Part V, item 9. Attach Schedule I to Form 706 and include any required Schedule W.
Do I need to fill columns (iv) and (v) if there is no exclusion?
The form instructs to leave them blank when no exclusion applies. Verify that both columns are empty for that annuity.
Can I report an annuity value on a different schedule?
Schedule I is the designated place for all annuity values. Confirm the annuity appears on Schedule I.
What if the total of column (iv) and column (v) is the same?
Only one column should be used per annuity; the other stays blank. Ensure only one column contains a value per line.
Is a separate Schedule W required for every annuity?
Schedule W is only required for lump‑sum distribution exclusions. Check whether the annuity qualifies under section 2039(f)(2).
Should I attach additional statements if space runs out?
The instructions allow attaching Schedule W or additional statements. Verify that all required information is included in the attachments.
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