Part I. Type of Election
Instruction 706 — Instructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return · 2026-10-03 edition · updated 2026-10-04 · United States
Estate and GST tax elections. If you elect special-use valuation for the estate tax, you must also elect special-use valuation for the GST tax and vice versa.
Protective election. To make the protective election described in the Instructions for Form 706, Part III, line 2, you must complete the following.
Enter the decedent’s name and SSN in the spaces provided at the top of Schedule T (Form 706).
Check the box in Part I.
Complete Part II, line 1, and columns (a), (b), and (c) of lines 10 and 14.
For purposes of the protective election, list on line 10 all of the real property that passes to the qualified heirs even though some of the property will be shown on line 6 when the additional notice of election is subsequently filed.
You don’t need to complete columns (d), (e), or (f) of lines 10 and 14 or any other line entries on Schedule T (Form 706).
Instructions for Form 706 (Rev. 7-2026) 25
Completing Schedule T (Form 706) as described above constitutes a Notice of Protective Election as described in Regulations section 20.2032A-8(b).
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