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706 portability

maryannreidcpa
Level 1

how to fill out the 706 for portability purposes when there is no probate because all assets are owned by the revocable family trust.  Do you still list the items on the various schedules and then give an estimated value of the estate?

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1 Comment 1
sjrcpa
Level 15

The trust is no longer revocable. You list the Trust, then list all the assets in the trust and their dod values. Schedule G.


The more I know the more I don’t know.