Knowledge Base

13187: 706 - Line 1 is Blank

706 Estate

Why is an amount not flowing to line 1 of a 706?

Go to screen 1 Part 1, 3 Decedent & Executor, and review the options in Part 3.

An amount does not flow to line 1 if Sect 2032 Alternative valuation is chosen in Part 3 – Elections by Executor and no amount has been entered for the Alternate Value.

If you have have selected this election and entered an Alternate Value on the PROP screen, the Alternate Value flows to line 1 rather than the PROP screen Value.

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