Form 706 (Schedule L) — Net Losses During Administration and Expenses Incurred In Administering Property Not Subject to Claims

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f706sl.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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SCHEDULE L (Form 706)

(August 2025)

Department of the Treasury Internal Revenue Service

Attach to Form 706. Go to www.irs.gov/Form706 for instructions and the latest information.

OMB No. 1545-0015

Decedent’s name as it appears on Form 706 Decedent’s social security number

• Use Schedule PC (Form 706) to make a protective claim for refund due to an expense not currently deductible. For such expenses, report the expense on Schedule L (Form 706) but without a value in the last column.

• If more space is needed, attach Schedule(s) W (Form 706) or additional statements. Part I Net Losses During Administration (see instructions)

1 Enter net losses during administration. You may deduct only those losses from thefts, fires, storms, shipwrecks, or other casualties that occurred during the settlement of the estate. Deduct only the amounts not reimbursed by insurance or otherwise.

(i) Item number

1

(ii) Net losses during administration (Do not deduct losses claimed on a federal income tax return.)

(iii) Amount

2 Add all amounts in column (iii) . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Total net losses during administration from Schedule(s) W (Form 706) (or additional statements) attached to this schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Total net losses during administration. Add lines 2 and 3. Enter the amount on Form 706, Part V, item 19 4

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 706. Cat. No. 94780F Schedule L (Form 706) (8-2025) Created 8/8//25

Schedule L (Form 706) (8-2025) Page 2 Part II Expenses Incurred in Administering Property Not Subject to Claims (see instructions)

5 Enter expenses incurred in administering property not subject to claims. Only deduct these expenses if they were paid before the section 6501 period of limitations for assessment expired.

(i) Item number

1

(ii) Expenses incurred in administering property not subject to claims

(Indicate whether estimated, agreed upon, or paid.)

(iii) Amount

6 Add all amounts in column (iii) . . . . . . . . . . . . . . . . . . . . . . . . 6

7 Total expenses incurred in administering property not subject to claims from Schedule(s) W (Form 706) (or additional statements) attached to this schedule . . . . . . . . . . . . . . . . . . 7

8 Total expenses incurred in administering property not subject to claims. Add lines 6 and 7. Enter the amount on Form 706, Part V, item 20 . . . . . . . . . . . . . . . . . . . . . . 8

Schedule L (Form 706) (8-2025)