706 Sch. B

Stocks and Bonds

Agency
IRS
Revision
August 2025
Fillable fields
323
Pages
2
Official source
IRS form page
Checked
October 21, 2026
Fill 706 Sch. B online
Page 1 of form 706 Sch. B

Schedule B (Form 706): Stocks and Bonds

Schedule B (Form 706) is the stocks and bonds schedule of the federal estate tax return. The About Form 706 page says that if the total gross estate contains any stocks or bonds, this schedule is used to report those assets. Line 1 lists every stock and bond included in the decedent's gross estate, and lines 2 to 4 total them for Form 706, Part V, item 2.

The schedule is not filed on its own. The form says "Attach to Form 706." It is completed as part of the return that the executor of a decedent's estate files, and its heading asks for the decedent's name as it appears on Form 706 and the decedent's social security number.

This edition is dated August 2025. You can fill it out free in your browser on this page and download the result without an account.

What's on Schedule B (Form 706)

Heading

The decedent's name as it appears on Form 706 and the decedent's social security number, with the note to attach the schedule to Form 706.

Notes on joint property and space

Bullets pointing jointly owned property disclosed on Schedule E (Form 706) to the instructions, and to Schedule(s) W (Form 706) or added statements when more space is needed.

Line 1, columns (i) to (iii)

Item number, a description including the face amount of bonds or number of shares and par value, and the CUSIP number, or the EIN for a trust, partnership or closely held entity.

Line 1, columns (iv) to (vii)

Unit value, alternate valuation date, alternate value and value at date of death for each item.

Lines 2 to 4: totals

Line 2 adds column (vi) or column (vii), line 3 is the total from Schedule(s) W (Form 706) or added statements, and line 4 is the total entered on Form 706, Part V, item 2.

How to fill out Schedule B (Form 706)

  1. 1

    List each security

    Number each item in column (i). The instructions say to list interest and dividends on each stock or bond on a separate line, and to group stocks and bonds that bore a foreign death tax under the label Subjected to Foreign Death Taxes.

  2. 2

    Describe stocks and bonds

    For stocks the instructions ask for shares, common or preferred, issue, par value where needed, price per share, exact corporation name, principal exchange and 9-digit CUSIP number. For bonds, quantity and denomination, obligor, maturity, interest rate and due date, exchange and CUSIP number.

  3. 3

    Enter the values

    The instructions say the fair market value of a stock or bond is the mean between the highest and lowest selling prices quoted on the valuation date. The alternate valuation columns are used only if alternate valuation was elected on Form 706, Part III, line 1.

  4. 4

    Unlisted and closely held stock

    For an unlisted security, show the company's principal business office. For inactive or close corporation stock, the instructions say to attach the financial data used to set the value, including balance sheets and 5 years of earnings and dividends.

  5. 5

    Total the schedule

    Add column (vi) or (vii) on line 2, enter any Schedule W (Form 706) total on line 3, and carry the line 4 total to Form 706, Part V, item 2.

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Where it goes, timing and attachments

Where to send

Schedule B is attached to Form 706. The instructions give the Form 706 address as Department of the Treasury, Internal Revenue Service, Kansas City, MO 64999.

Deadline

It follows Form 706, which the instructions say is filed within 9 months after the date of the decedent's death. Form 4768 applies for an automatic 6-month extension of time to file.

More space

The form says to attach Schedule(s) W (Form 706) or added statements if more space is needed, and to enter that total on line 3.

Supporting papers

The instructions ask for copies of broker quotation letters or evidence of sale used for values, and correspondence used for securities reported as of no value, which are listed last.

Dividends after death

The instructions say dividends declared before death but payable to holders of record after death are not includible in the gross estate and are not listed here.

Related forms

Who completes Schedule B (Form 706)?

  • Executors of a decedent's estate

    The instructions say the executor of a decedent's estate uses Form 706. The term includes the executor, personal representative or administrator of the estate.

  • Estates that hold stocks or bonds

    Any estate whose gross estate contains stocks or bonds reports them here, including bonds that are exempt from federal income tax, which the instructions say are not exempt from estate tax unless a provision says so.

  • Estates filing only to elect portability

    The form notes that when Form 706 is filed solely to elect portability of the DSUE amount, some assets eligible for the marital or charitable deduction may be identified with no entries in the last four columns.

  • Part of Form 706, not a separate return

    The schedule is an attachment. It carries the decedent's name and social security number from Form 706, and its total goes to Part V of that return.

  • Not for nonresident noncitizens

    Form 706 is for estates of U.S. citizens or residents. The instructions say estates of decedents who were neither file Form 706-NA instead.

The instructions say Schedule B is completed and filed with Form 706 if the total gross estate contains any stocks or bonds.

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Questions about Form 706 Sch. B

Is Schedule B (Form 706) filed by itself?

No. The form says "Attach to Form 706." It is one of the schedules of the estate tax return.

What is a CUSIP number?

The instructions describe it as a 9-digit number assigned to all stocks and bonds traded on major exchanges and many unlisted securities. It is usually printed on the certificate or found on a broker's or custodian's statement.

Are tax-exempt bonds listed on Schedule B?

Yes. The instructions say bonds exempt from federal income tax are not exempt from estate tax unless an estate tax provision exempts them, and they are listed on Schedule B.

When are the alternate value columns filled in?

The instructions say not to complete the alternate valuation date or alternate value columns unless alternate valuation was elected on Form 706, Part III, line 1.

What if the stocks and bonds do not fit?

The form says to attach Schedule(s) W (Form 706) or added statements and enter their total on line 3.

Where does the Schedule B total go?

Line 4 is entered on Form 706, Part V, item 2, total stocks and bonds.