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Article #: 19055
Schedule F (Other Miscellaneous Property)
Schedule F, Other Miscellaneous Property Not Reportable Under Any Other Schedule, is used for miscellaneous property that must be included in the gross estate but is not reported on any other schedule.
In Drake Tax, use screen PROP to enter Schedule F. On PROP, select Schedule F from the For Schedule drop list.
Following are general guidelines for completing the fields applicable to Schedule F. For field-specific instructions, see the field-level help in the Description field on PROP, or the IRS Instructions for Form 706.
Tip If you enter multiple items, use a separate PROP screen for each description. While on PROP, press Page Down to open a new screen.
Schedule F Items
Specifically, the following types of items should be included on Schedule F:
- Debts due the decedent
- Interests in business
- Insurance on life of another
- Section 2044 property
- Claims, rights, and royalties
- Leaseholds, judgments
- Reversionary interests
- Shares in trust fund
- Household goods, personal effects
- Automobiles
- Farm products, growing crops
- Livestock, farm machinery
Business Interest
If the decedent owned an interest in a partnership or unincorporated business, attach a statement of assets and liabilities for the valuation date and for the five years before the valuation date, and attach statements of net earnings for the same five-year period.
- Report partnership interests on Schedule F unless the interest is jointly owned; use Schedule E for jointly owned partnerships.
- If real estate is owned by a sole proprietorship, use Schedule F (not Schedule A).
Use the same degree of detail as when reporting on Schedule A.
Schedule F check boxes on PROP
Use the check boxes in the middle of the PROP screen to report art, collectibles, bonuses, awards, and access to a safe deposit box.
Safe deposit box (screen F)
Indicate on PROP if the decedent had access to a safe deposit box. If the decedent had a jointly held safe deposit box and the contents are not reported on any other schedules, use screen F, accessible from the Property section of the Form 706 Estate Forms tab, to enter:
- Name and relationship of the joint owner
- Reason that the contents were not included on another schedule
Screen F is used only for data regarding joint access to a safe deposit box. Data entered there is printed under question 3 (regarding safe deposit box) of Schedule F on the return.
Related schedules
If you answered “Yes” to questions 11b or 12 on screen 2, you may need Schedule F or Schedule G. For Schedule G transfers and related PROP / A1 requirements, see Drake Tax – 706 – Estate Tax Returns FAQs (KB 11340). For section 2032A valuation and Schedule A-1, see Drake Tax – 706: 2032A Valuation (Schedule A-1) (KB 19054).