Part V—Recapitulation

Gross Estate—Items 1 Through 11

Items 1 through 9. You must make an entry in each of items 1 through 9.

If the gross estate does not contain any assets of the type specified by a given item, enter zero for that item. Entering zero for any of items 1 through 9 is a statement by the executor, made under penalties of perjury, that the gross estate does not contain any includible assets covered by that item.

20 Instructions for Form 706 (Rev. 7-2026)

Do not enter any amounts in the “Alternate value” column unless you elected alternate valuation on Part III, line 1.

Note: If estimating the value of one or more assets pursuant to the special rule of Regulations section 20.2010-2(a)(7)(ii), do not enter values for those assets in items 1 through 9. Total the estimated values for those assets and follow the instructions for item 10.

Which schedules to attach for items 1 through 9. You must attach the following.

• Schedule F (Form 706). Answer its questions even if you report no assets on it.

• Schedules A, B, and C, of Form 706, if the gross estate includes any (1) real estate, (2) stocks and bonds, or (3) mortgages, notes, and cash, respectively.

• Schedule D (Form 706), if the gross estate includes any life insurance or if you answered “Yes” to Part IV, line 9a.

• Schedule E (Form 706), if the gross estate contains any jointly owned property or if you answered “Yes” to Part IV, line 10.

• Schedule G (Form 706), if the decedent made any of the lifetime transfers to be listed on that schedule or if you answered “Yes” to Part IV, lines 12 or 13a.

• Schedule H (Form 706), if you answered “Yes” to Part IV, line 14.

• Schedule I (Form 706), if you answered “Yes” to Part IV, line 16.

Item 10. Under Regulations section 20.2010-2(a)(7)(ii), if the total value of the gross estate and adjusted taxable gifts is less than the basic exclusion amount (see section 6018(a)) and Form 706 is being filed only to elect portability of the DSUE amount, the estate is not required to report the value of certain property eligible for the marital or charitable deduction. For this property being reported on Schedules A, B, C, D, E, F, G, H, and I of Form 706, the executor must figure the best estimate of the value. Do not include the estimated value on the line corresponding to the schedule on which the property was reported. Instead, total the estimated value of the assets subject to the special rule and enter on item 10 the amount from the Table of Estimated Values, later, that corresponds to that total.

Note: The special rule does not apply if the valuation of the asset is needed to determine the estate’s eligibility for the provisions of section 2032, 2032A, 2652(a)(3), or 6166, or any other provision of the Code or regulations.

Note: As applies to all other values reported on Form 706, estimates of the value of property subject to the special rule of Regulations section 20.2010-2(a)(7)(ii) must result from the executor’s exercise of due diligence and are subject to penalties of perjury.

Exclusion—Item 12

Item 12. Conservation easement exclusion. Complete and attach Schedule U (Form 706) (along with any required attachments) to claim the exclusion on this line.

Deductions—Items 14 Through 23

Items 14 through 22. Attach the appropriate schedules for the deductions claimed.

Item 23. Under Regulations section 20.2010-2(a)(7)(ii), if the total value of the gross estate and adjusted taxable gifts is less than the basic exclusion amount (see section 6018(a)) and Form 706 is being filed only to elect portability of the DSUE amount, the estate is not required to report the value of certain property eligible for the marital or charitable deduction. For this property being reported on Schedule M or O of Form 706, enter on item 23 the amount from item 10.