Independent form guide. BrieflyGo is not affiliated with or endorsed by IRS, USCIS, SSA, DOL, or any U.S. government agency. Official forms are sourced from public government websites.
Official form guide
Form 706-SB: 706 (Schedule B)
IRS Form 706-SB (Schedule B) is used to report stocks and bonds included in the decedent's gross estate as part of Form 706. The schedule requires item number, description (face amount or shares), CUSIP number or EIN, unit value, alternate valuation date and value, and date-of-death value. Totals are entered on Form 706, Part V, item 2.
Need help with Form 706-SB?
Open it in the AI Editor for field guidance, checks, and PDF export.
Need help? AI Editor guides you through every field of Form 706-SB.
Start filling →Form Overview
IRS Form 706-SB - 706 (Schedule B)
IRS Form 706-SB (Schedule B) is used to report stocks and bonds included in the decedent's gross estate as part of Form 706. The schedule requires item number, description (face amount or shares), CUSIP number or EIN, unit value, alternate valuation date and value, and date-of-death value. Totals are entered on Form 706, Part V, item 2.
Risk Radar
Scan points- 1Omitting required stocks or bonds from Schedule B can lead to an incomplete estate tax return.
- 2Not entering CUSIP number for publicly traded stocks or bonds.
- 3Failing to enter EIN for trusts, partnerships, or closely held entities.
- 4Using incorrect unit value or omitting the alternate valuation date.
- 5Not attaching Schedule W when more than 5 items are listed on line 1.
Plain English
This schedule lists every stock and bond the deceased person owned at the time of death. You write down the name, number of shares or bond amount, and the value on the date of death or an alternate valuation date. The total from this schedule goes onto the main estate tax return (Form 706).
Submission Date
- Filing date: 2025-08-27 22:10:15
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
AI co-pilot
Fill it faster. Catch mistakes before you file.
What this form is for
- Use this form when reporting stocks and bonds included in the decedent's gross estate as part of Form 706.
- Do not use it when reporting jointly owned property that must be disclosed on Schedule E (Form 706).
- Check Schedule E (Form 706) instead when reporting jointly owned property.
Form selector
Use this form or another form?
Jointly owned property included in gross estate
Must be reported on Schedule E, not Schedule B
✓ See instructions for Schedule E
Need additional space for listing stocks/bonds
Attach to Schedule B to continue listing
✓ Confirm you are attaching to Schedule B
Filing estate tax return with portability election
Schedule B is part of Form 706; consider if values need to be reported
✓ Review note on basic exclusion amount and portability
Deadline or filing window
Not stated in the official source — the filing deadline for Form 706 (generally 9 months after death, with a 6-month extension available) applies.
Checklist
What you need before filling it out
Item number (column i)
Sequential number for each asset · Filer's own numbering
Description (column ii)
Face amount of bonds or number of shares and par value · Stock/bond certificates or account statements
CUSIP number (column iii)
CUSIP number; or EIN for trust/partnership/closely held entity · Security documentation or entity records
Unit value (column iv)
Value per share or per bond · Market quotes or appraisals
Alternate valuation date (column v)
Date six months after death if alternate valuation elected · Election statement
Alternate value (column vi)
Value at alternate valuation date · Market data on that date
Value at date of death (column vii)
Fair market value at date of death · Appraisal or market data
Line 2 total
Sum of column (vi) or (vii) as applicable · Calculated from entries
Before you submit
- 1Confirm the decedent's name and SSN are entered as on Form 706.
- 2Verify that all stocks and bonds included in the gross estate are listed.
- 3Check that CUSIP numbers or EINs are entered correctly.
- 4Ensure unit values are per share/bond, not total.
- 5If using alternate valuation, confirm election is made and dates/values are correct.
- 6Add totals on lines 2, 3, and 4 correctly.
- 7Attach Schedule(s) W if more space was used.
- 8Attach Schedule B to Form 706.
- 9Review the note about not reporting values for marital/charitable deduction if applicable.
- 10Sign and date Form 706 (Schedule B is attached, not signed separately).
- 11Keep a copy of the filed form.
How to file this form
- 1Enter the decedent's name and social security number as they appear on Form 706.
- 2List each stock or bond in the gross estate with item number, description, CUSIP/EIN, unit value, and values in columns (i) through (vii).
- 3If using alternate valuation, enter the alternate valuation date and alternate value in the appropriate columns.
- 4Add all amounts in column (vi) or column (vii) as applicable and enter the total on line 2.
- 5If you attached Schedule(s) W, add the totals from those schedules on line 3.
- 6Calculate line 4 total by adding lines 2 and 3, then enter that total on Form 706, Part V, item 2.
- 7Attach Schedule B to Form 706 before filing.
- 8Retain a copy of the filed return for your records.
Known limitations
- 1Schedule B does not apply to jointly owned property that must be reported on Schedule E (Form 706).
- 2If the gross estate plus adjusted taxable gifts is less than the basic exclusion amount and filing only for portability, you may not need to report values for assets eligible for marital or charitable deduction.
- 3Schedule B is only for stocks and bonds; other assets go on other schedules of Form 706.
- 4If more space is needed, use Schedule(s) W (Form 706), not additional pages of Schedule B.
Field map
Compact field-by-field guide
Decedent Info
2 items
Full legal name and date of death of the deceased individual.
Employer Identification Number assigned to the estate.
Executor
1 items
Name, address, and contact information of the appointed executor.
Assets
1 items
Total value of all assets owned by the decedent at time of death.
Deductions
1 items
Funeral expenses, debts, administrative costs, and charitable bequests.
Tax
1 items
Tax calculated on taxable estate exceeding the applicable exemption amount.
Signatures
1 items
The appointed executor must sign under penalty of perjury.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition of Schedule B (Form 706) is dated August 2025. The form directs filers to www.irs.gov/Form706 for instructions and the latest information; no changes are noted in the source.
What changed or needs a fresh check
- Edition date — confirm the form revision reads 'August 2025'.
- CUSIP number — confirm you enter CUSIP number or, for trusts/partnerships/closely held entities, the EIN.
- Alternate valuation — confirm you enter alternate valuation date and alternate value in columns (v) and (vi) if using alternate valuation.
- Total calculation — confirm you add all amounts in column (vi) or column (vii) as applicable on line 2.
- Attachment — confirm you attach Schedule(s) W if more space is needed.
- Fee — not stated in the official source — verify on the agency site.
Quick Facts
Downloads
After you file
- 1Retain a copy of the filed Form 706 including Schedule B.
- 2Keep records supporting the values reported, such as appraisals and market data.
- 3If you discover an error after filing, file an amended return using Form 706 (with corrected Schedule B).
- 4Monitor IRS correspondence for acceptance or requests for additional information.
- 5If you elected portability, ensure the DSUE amount is properly computed.
- 6Destroy old drafts once filing is confirmed.
Sources
- SRCForm p.1 — Schedule B is for stocks and bonds included in decedent's gross estate.
- SRCForm p.1 — For jointly owned property, see Schedule E instructions.
- SRCForm p.1 — If more space needed, attach Schedule(s) W.
- SRCForm p.1 — Note about basic exclusion amount and portability.
- SRCForm p.1 — If not required to report value, identify property but make no entries in last four columns.
- SRCForm p.1 — Columns: item number, description, CUSIP/EIN, unit value, alternate valuation date, alternate value, value at date of death.
- SRCForm p.2 — Line 2: add all amounts in column (vi) or (vii).
- SRCForm p.2 — Line 3: total from Schedule(s) W.
- SRCForm p.2 — Line 4: total, enter on Form 706, Part V, item 2.
- SRCForm p.1 — Revision date August 2025, OMB No. 1545-0015.
Common confusion points
Do I need to enter CUSIP for every stock?
CUSIP is required for identification, but for trusts/partnerships/closely held entities, EIN is used.
→ Confirm entity type and use appropriate identifier.
What if I don't have the CUSIP number?
Not all securities have CUSIPs; use EIN for entities.
→ If no CUSIP, enter EIN if applicable, or leave blank if not an entity.
When do I use alternate valuation?
Alternate valuation is an election; must be made on Form 706.
→ Ensure you have elected alternate valuation on Form 706.
Can I report jointly owned stocks on Schedule B?
Jointly owned property may need to go on Schedule E.
→ Review instructions for Schedule E (Form 706).
What if I need more space?
Schedule B has limited rows.
→ Attach Schedule(s) W (Form 706).
Do I need to report values for assets that are deductible?
The note says if not required, identify but make no entries in last four columns.
→ See instructions for Form 706 regarding marital/charitable deduction.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 706 (amended) — file an amended estate tax return with corrected Schedule B.
Questions about IRS Form 706-SB
What is IRS Form 706-SB used for?
This schedule lists every stock and bond the deceased person owned at the time of death. You write down the name, number of shares or bond amount, and the value on the date of death or an alternate valuation date. The total from this schedule goes onto the main estate tax return (Form 706).
Who must file IRS Form 706-SB?
Executors or administrators of estates that must file Form 706 complete Schedule B to report all stocks and bonds included in the decedent's gross estate.
What information does IRS Form 706-SB require?
The form collects item number, description (including face amount of bonds or number of shares and par value), CUSIP number or EIN for trusts, partnerships, or closely held entities, unit value, alternate valuation date, alternate value, and value at date of death. Line 2 totals the values, line 3 adds totals from attached Schedule W, and line 4 enters the combined total on Form 706, Part V, item 2.
How do I complete IRS Form 706-SB?
List each stock or bond on line 1 using columns (i) through (vii). If more space is needed, attach Schedule W (Form 706) or additional statements. Add all amounts in column (vi) or (vii) on line 2. Add totals from attached schedules on line 3. Enter the total from line 4 on Form 706, Part V, item 2. Attach Schedule B to Form 706 before filing.
Do I need to enter CUSIP for every stock?
CUSIP is required for identification, but for trusts/partnerships/closely held entities, EIN is used. Confirm entity type and use appropriate identifier.
What if I don't have the CUSIP number?
Not all securities have CUSIPs; use EIN for entities. If no CUSIP, enter EIN if applicable, or leave blank if not an entity.
When do I use alternate valuation?
Alternate valuation is an election; must be made on Form 706. Ensure you have elected alternate valuation on Form 706.
Can I report jointly owned stocks on Schedule B?
Jointly owned property may need to go on Schedule E. Review instructions for Schedule E (Form 706).
Source transparency
Copyright & Licensing - US Government Forms
BrieflyGo links to and explains official public form sources. We are not a government agency, and this page is for general form guidance, not legal advice.
Understand the agreement before you sign it.
Review risky clauses in plain English, fix the document, and keep it moving toward signature.