Section 06 Data Form 706, U.S. Estate (and Generation - Skipping Transfer) Tax Return,…

The Error Record Format for Section 06 is listed as follows:

Field Designator

Maximum Characters

Field Name

Location

0606

1

Protective Claim for Refund Indicator

Part IV, Line 6

0610A

15

Gross Estate Estimated Value of Assets (Alternate value)

Part V, Line 10, Column 1 (Alternate value)

0610B

15

Gross Estate Estimated Value of Assets (Value at date of death)

Part V, Line 10, Column 2 (Value at date of death)

0623

15

Deductions Estimated Value of Assets

Part V, Line 23

This field is transcribed from Part IV, Line 6 and is valid for DOD in 2012 and subsequent.

A protective claim for refund preserves the estate’s right to a refund of tax paid on any amount included in the gross estate which would be deductible under IRC 2053 but has not been paid or otherwise will not meet the requirements of IRC 2053 until after the limitations period for filing the claim has passed.

Field 0606 is invalid if:

Any character other than blank (not present), 1 (Yes) or 2 (No).

Check for coding and transcription errors and correct as needed.

IF (Form 706)

THEN

If blank on the return

Blank Field 0606

If yes on the return

Enter a 1 in Field 0606

If no on return

Enter a 2 in Field 0606

This field is transcribed from Part IV, Line 10, Column 1 (Alternate value) and is valid for DOD in 2012 and subsequent.

Field 0610A is invalid if it is not all numeric or exceeds $9,999,999,999,999.99.

Check for coding and transcription errors and correct as needed.

This field is transcribed from Part IV, Line 10, Column 2 (Value at date of death) and is valid for DOD in 2012 and subsequent.

Field 0610B is invalid if it is not all numeric or exceeds $9,999,999,999,999.99.

Check for coding and transcription errors and correct as needed.

This field is transcribed from Part IV, Line 23 and is valid for DOD in 2012 and subsequent.

Field 0623 is invalid if it is not all numeric or exceeds $9,999,999,999,999.99.

Check for coding and transcription errors and correct as needed.