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Official form guide
Form 706-SH: 706 (Schedule H)
IRS Form 706 (Schedule H) is used to report powers of appointment for decedents and must be attached to Form 706; it includes a section for those electing section 2032A valuation.
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IRS Form 706-SH - 706 (Schedule H)
IRS Form 706 (Schedule H) is used to report powers of appointment for decedents and must be attached to Form 706; it includes a section for those electing section 2032A valuation.
Risk Radar
Scan points- 1Failure to include all '5 and 5 lapsing' powers (section 2041(b)(2)) listed by the decedent is a critical error.
- 2Omitting '5 and 5 lapsing' powers held by the decedent on Form 706.
- 3Failing to complete Schedule H when electing section 2032A valuation.
- 4Not identifying property if required but choosing to make no entries in columns (iv) or (v).
- 5Entering values onto line 4 instead of adding lines 2 and 3 correctly.
Plain English
This form helps calculate the value of assets that are subject to a general power of appointment held by someone who has died. It is required if you elect special valuation rules (section 2032A). The information gathered assists in determining the total estate value for tax purposes.
Submission Date
- Filing date: 2025-08-27 22:10:14
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when reporting powers of appointment held by a decedent that must be attached to Form 706.
- Do not use it when the gross estate value plus adjusted taxable gifts is less than the basic exclusion amount and you are only filing to elect portability of the DSUE amount, unless required to report asset values.
- Check Schedule T (Form 706) instead when electing section 2032A valuation.
Form selector
Use this form or another form?
Electing Section 2032A Valuation
Completing this schedule is required alongside Form 706 for this election.
✓ Check that you have completed Schedule T before finalizing Form 706.
Needing more space for property listings
These attachments are used when the main body of Schedule H is insufficient for listing properties.
✓ Ensure any attached Schedules W/statements are referenced and totaled correctly on this schedule.
Schedule(s) W (Form 706) or additional statements
Filing solely to elect portability without reporting asset values
If you are not required to report an asset's value, identify the property but leave columns (iii), (iv), and (v) blank.
✓ Verify that if you omit entries in the last three columns, you have still identified the property.
General Power of Appointment Reporting
This schedule is the primary document for detailing properties subject to general powers of appointment.
✓ Confirm all listed properties are indeed subject to a general power of appointment possessed, exercised, or released by the decedent.
Deadline or filing window
The form itself does not state a specific deadline, but it attaches to Form 706. If electing section 2032A valuation, completing Schedule H (Form 706) and Schedule T (Form 706) must occur concurrently with the main return filing.
Checklist
What you need before filling it out
Property Listing (General Power)
Item number, Description, Alternate valuation date, Alternate value, Value at date of death · Columns 1-5 on Page 1/2
Total from Schedule(s) W
Sum all amounts in column (iv) or (v) from attached Schedules W/statements · Line 3, Page 2
Total from General Properties
Sum of line 2 (listed properties) on Schedule H · Line 2, Page 2
Final Total
Add lines 2 and 3 (Page 2) · Line 4, Page 2
Filing Purpose Note
Electing section 2032A valuation · Page 1
Basic Exclusion Check
Value of gross estate + adjusted taxable gifts vs Basic exclusion amount · Page 1 (Contextual)
Before you submit
- 1Verify that all properties listed are subject to a general power of appointment possessed, exercised, or released by the decedent.
- 2Confirm that if electing section 2032A valuation, Schedule T (Form 706) is also complete.
- 3If space is needed for property listings, ensure Schedule(s) W (Form 706) or additional statements are attached.
- 4Check the calculation on Line 2 to confirm it totals all values from listed properties in columns (iv) or (v).
- 5Verify that Line 3 correctly sums all amounts from any attached Schedule(s) W (Form 706) or additional statements.
- 6Confirm that Line 4 is the accurate sum of Line 2 and Line 3.
- 7Ensure the final Total on Line 4 matches the amount intended for entry on Form 706, Part V, item 8.
How to file this form
- 1Enter the property subject to a general power of appointment into the designated Item number and Description fields.
- 2Complete columns (iii) Alternate valuation date and (iv) Alternate value for each listed property.
- 3Input the Value at date of death in column (v) for every property listed on Schedule H.
- 4Sum all values from column (iv) or (v) onto Line 2, and sum attached schedules onto Line 3; then calculate the Final Total on Line 4.
- 5Attach any necessary supporting documentation, such as Schedule(s) W (Form 706) or additional statements.
- 6Ensure the final total from Line 4 is recorded on Form 706, Part V, item 8, and submit with proof of filing.
Known limitations
- 1If more space is needed on Form 706 (Schedule H), Schedule(s) W (Form 706) or additional statements must be attached.
- 2If the value of the gross estate plus adjusted taxable gifts is less than the basic exclusion amount, consideration should be given to whether reporting asset values is required when filing solely for portability of the DSUE amount.
- 3If an asset's value does not need to be reported on Form 706 (Schedule H), the property must still be identified but no entries are made in the last three columns.
- 4The form requires including '5 and 5 lapsing' powers (section 2041(b)(2)) held by the decedent.
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 IRS Form 706 (Schedule H) is dated August 2025, and the source directs users to www.irs.gov/Form706 for the latest information.
What changed or needs a fresh check
- Edition date — confirm the revision date reads 08/25.
- Form number — confirm the document is labeled Schedule H (Form 706).
- OMB Number — confirm OMB No. 1545-0015 is present.
- Attachment requirement — confirm that if more space is needed, you have attached Schedule(s) W or additional statements.
Quick Facts
Downloads
After you file
- 1Retain a copy of Form 706 (Schedule H) for records.
- 2Ensure the Decedent’s name and social security number match those on Form 706.
- 3If electing section 2032A valuation, ensure Schedule T (Form 706) is also completed.
- 4The total amount from line 4 of Form 706 (Schedule H) must be entered onto Form 706, Part V, item 8.
Sources
- SRCForm 706 (Schedule H) is dated August 2025.
- SRCThe form attaches to Form 706 and can be found at www.irs.gov/Form706 for instructions.
- SRCIf electing section 2032A valuation, you must complete Schedule H (Form 706) and Schedule T (Form 706). [Instructions p.1]
- SRCThe form requires including '5 and 5 lapsing' powers (section 2041(b)(2)) held by the decedent. [Instructions p.1]
- SRCIf an asset value does not need to be reported, identify the property but make no entries in the last three columns. [Instructions p.1]
- SRCLine 4 on Form 706 (Schedule H) is the total of lines 2 and 3, which must be entered on Form 706, Part V, item 8. [Form p.2]
Common confusion points
What do I enter if an asset doesn't need to be reported on this schedule?
The property must still be identified, but the last three columns (Alternate valuation date, Alternate value, Value at date of death) are left blank.
→ Check the instructions for Form 706.
Where does the final total go?
Line 4, which is the sum of line 2 and line 3 on Form 706 (Schedule H), must be entered onto Form 706, Part V, item 8.
→ Confirm this placement against the form itself.
Do I need to fill out Schedule T if I use Schedule H?
Yes, if you elect section 2032A valuation, both Form 706 (Schedule H) and Schedule T (Form 706) must be completed.
→ Check the instructions for Form 706.
What is the required information on this form?
The Decedent’s name as it appears on Form 706 and their social security number are mandatory fields.
→ Verify these entries against your primary Form 706.
When should I worry about filing Schedule H?
You must complete Form 706 (Schedule H) if you elect section 2032A valuation, or when reporting powers of appointment.
→ Check the specific instructions for your situation.
What is line 3 on this schedule?
Line 3 represents the total amount from any attached Schedule(s) W (Form 706) or additional statements.
→ Review all attachments to ensure they are totaled correctly.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Schedule(s) W (Form 706) or additional statements (used to provide extra details)
Questions about IRS Form 706-SH
What is IRS Form 706-SH used for?
This form helps calculate the value of assets that are subject to a general power of appointment held by someone who has died. It is required if you elect special valuation rules (section 2032A). The information gathered assists in determining the total estate value for tax purposes.
Who must file IRS Form 706-SH?
The filer must be an entity related to the decedent, as this form attaches to Form 706 and requires listing the decedent’s name and social security number.
What information does IRS Form 706-SH require?
Schedule H collects details about property subject to a general power of appointment. It includes columns for Item number, Description, Alternate valuation date, Alternate value, and Value at date of death.
When is IRS Form 706-SH due?
The official source does not state a specific filing deadline; however, the form is attached to Form 706, which governs its timing.
Where do I file IRS Form 706-SH?
The instructions direct filers to go to www.irs.gov/Form706 for further information on where to send it.
How do I complete IRS Form 706-SH?
First, list each property subject to a general power of appointment using lines 1 (continued). Second, add all amounts from column (iv) or (v) on line 2. Third, total any attached Schedule(s) W on line 3. Finally, add lines 2 and 3 to get the Total on line 4, which is entered onto Form 706, Part V, item 8.
What do I enter if an asset doesn't need to be reported on this schedule?
The property must still be identified, but the last three columns (Alternate valuation date, Alternate value, Value at date of death) are left blank. Check the instructions for Form 706.
Where does the final total go?
Line 4, which is the sum of line 2 and line 3 on Form 706 (Schedule H), must be entered onto Form 706, Part V, item 8. Confirm this placement against the form itself.
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