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Form 706-SU: 706 (Schedule U)
IRS Form 706 (Schedule U) is attached to Form 706 and allows the executor to exclude qualifying conservation easements from the gross estate. The form references a 30% multiplier on line 9 for computation.
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IRS Form 706-SU - 706 (Schedule U)
IRS Form 706 (Schedule U) is attached to Form 706 and allows the executor to exclude qualifying conservation easements from the gross estate. The form references a 30% multiplier on line 9 for computation.
Risk Radar
Scan points- 1If line 10 is less than line 9, continue to line 11; otherwise, skip to line 14 and enter “0.40” on line 14.
- 2Failing to list the decedent's name exactly as it appears on Form 706 in Part I.
- 3Not confirming that the land was owned during the 3-year period ending on the date of death (Part II, Line 2).
- 4Incorrectly calculating line 14 by failing to enter “0.40” when line 10 is $\ge$ line 9.
- 5Stopping computation prematurely if line 11 is equal to or less than 0.100 (Part III, Line 11 Note).
Plain English
This form helps calculate how much value of property held by someone who passed away can be removed (excluded) from their total taxable estate. It is used when that property includes a qualifying conservation easement, which limits development rights on the land. The final calculation determines the specific dollar amount eligible for exclusion.
Submission Date
- Filing date: 2025-08-29 22:10:23
- 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 an executor files it and wishes to exclude any qualifying conservation easements from the gross estate under section 2031(c)(6).
- Do not use this form if the decedent or a member of their family did not own the land described on line 1 during the 3-year period ending on the date of death (check Part II, line 2).
- Check Form 706 when calculating and documenting the exclusion for qualifying conservation easements.
Form selector
Use this form or another form?
Claiming an exclusion based on a qualified conservation easement
This form documents the specific computation required to claim the exclusion amount.
✓ Ensure lines 4 through 20 are fully completed before submitting.
The executor is making the election under section 2031(c)(6)
Filing this schedule confirms the executor has made the necessary election to exclude qualifying conservation easements.
✓ Verify that Part I clearly states the election is being made.
Need to calculate the deduction amount for a qualified conservation easement
This form provides the step-by-step computation, culminating in the final exclusion amount on line 20.
✓ Confirm the final result on line 20 matches what is entered on Form 706, Part V, item 12.
Deadline or filing window
The filing trigger event is the executor making the election to exclude qualifying conservation easements from the gross estate. The form itself does not state a specific external deadline date, but it must be filed upon election. No extension period is stated in this excerpt.
Checklist
What you need before filling it out
Line 2
Yes/No answer regarding land ownership during the preceding 3 years · Part II, Line 2
Line 9 Calculation
Multiply line 8 by 30% (0.30) · Part III, Line 9
Line 14 Value
Result of subtracting line 13 from 0.40 · Part III, Line 14
Line 11 Calculation
Divide line 10 by line 8 and figure to 3 decimal places · Part III, Line 11
Line 20 Final Amount
The smaller of line 19 or the exclusion limitation · Part III, Line 20
Before you submit
- 1Verify that the Decedent’s name and social security number are correctly filled out on the form.
- 2Confirm Part I indicates the executor is filing Schedule U to exclude qualifying conservation easements under section 2031(c)(6).
- 3Ensure land ownership during the 3-year period (Part II, Line 2) is answered accurately with a 'Yes' or 'No'.
- 4Check that all lines in Part III are filled sequentially from line 4 through line 20.
- 5Verify that if Line 10 $geq$ Line 9, the value on Line 14 is exactly "0.40".
- 6Confirm that the final deduction amount entered on Line 20 matches the amount to be reported on Form 706, Part V, item 12.
- 7Ensure line 19 reflects the calculation: Line 18 multiplied by Line 14.
How to file this form
- 1Complete Part I by entering the Decedent’s name and social security number, confirming the election under section 2031(c)(6).
- 2Fill out Part II by describing the land (Line 1) and answering whether the decedent or family owned it during the last 3 years (Line 2).
- 3Calculate Part III values sequentially, ensuring lines like Line 9 (30% of line 8) and Line 14 (0.40 minus line 13) are correct.
- 4Determine the final deduction amount on Line 20 by selecting the smaller value between Line 19 or the exclusion limitation.
- 5Sign and date the form before submitting it to accompany Form 706.
Known limitations
- 1The executor is deemed to have made the election under section 2031(c)(6) if they file Schedule U (Form 706) and exclude any qualifying conservation easements from the gross estate.
- 2If line 10 on Form 706, Part I is less than line 9, the estate does not qualify for the conservation easement exclusion.
- 3If line 10 is equal to or more than line 9, the filer must enter "0.40" on line 14 and complete the schedule (skipping lines 11 through 13).
- 4If line 11 is equal to or less than 0.100, the estate does not qualify for the conservation easement exclusion.
- 5The final amount entered on line 20 must be the smaller of line 19 or the exclusion limitation.
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 U) is dated August 2025, and the source directs users to www.irs.gov/Form706 for instructions and the latest information.
What changed or needs a fresh check
- Edition date — confirm the revision reads August 2025.
- Form Number — confirm the form number is 706 (Schedule U).
- OMB Control Number — confirm OMB No. 1545-0015 is present.
- Decedent's Name/SSN — ensure these fields are accurately filled out as they appear on Form 706.
Quick Facts
Downloads
After you file
- 1Keep a copy of the filed Schedule U (Form 706) for record-keeping purposes.
- 2Enter the final calculated amount from line 20 onto Form 706, Part V, item 12.
- 3The form references instructions available at www.irs.gov/Form706 for further guidance.
- 4Confirm that the revision date on the form reads 08/25 (or check the current edition's date).
- 5The document is subject to Privacy Act and Paperwork Reduction Act Notice requirements.
Sources
- SRCPart I states that the executor is deemed to have made the election if Schedule U (Form 706) is filed and qualifying conservation easements are excluded.
- SRCPart II, Line 2 requires confirmation whether the decedent or a family member owned the land during the 3-year period ending on the date of death. | Not stated in the official source — verify on the agency site
- SRCPart III, Line 9 is calculated by multiplying line 8 by 30% (0.30).
- SRCIf line 10 equals or exceeds line 9, the filer enters “0.40” on line 14 and completes the schedule. | Not stated in the official source — verify on the agency site
- SRCLine 12 requires subtracting line 11 from 0.300, rounding any thousandths up to the next higher hundredth.
- SRCThe final amount calculated on line 20 must be entered onto Form 706, Part V, item 12.
Common confusion points
What qualifies as a "qualifying conservation easement"?
The instructions detail what this means, but the form itself requires description on line 3.
→ Ensure the land described in Part II meets all criteria.
How do I calculate Line 12 when rounding is involved?
Round any thousandths up to the next higher hundredth (e.g., 0.031 becomes 0.04).
→ Check your calculation against this specific rounding rule.
When should you skip lines 11 through 13?
If line 10 is equal to or greater than line 9, these lines are skipped.
→ Verify the relationship between Line 10 and Line 9 before proceeding.
What does "exclusion limitation" refer to in line 20?
The source directs the filer to see instructions for Form 706 regarding this specific limit.
→ Consult the main Form 706 instructions to confirm the exact value of the limitation.
When must you stop calculating on Schedule U (Form 706)?
You must stop if line 11 is equal to or less than 0.100.
→ Check Line 11 before completing lines 12 through 20.
What happens if my easement value (Line 10) is less than the initial multiplier result (Line 9)?
The estate does not qualify for the conservation easement exclusion, as stated in the source.
Workflow map
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⚠ If something goes wrong
- Refer to the instructions found at www.irs.gov/Form706 for general guidance.
Questions about IRS Form 706-SU
What is IRS Form 706-SU used for?
This form helps calculate how much value of property held by someone who passed away can be removed (excluded) from their total taxable estate. It is used when that property includes a qualifying conservation easement, which limits development rights on the land. The final calculation determines the specific dollar amount eligible for exclusion.
Who must file IRS Form 706-SU?
The executor must file Schedule U (Form 706) if they choose to exclude any qualifying conservation easements from the gross estate under section 2031(c)(6).
What information does IRS Form 706-SU require?
Part I identifies the decedent's name and SSN, while Part II details the land and easement qualifications. Part III performs the computation of the exclusion using values like line 4 (Estate tax value) and line 7 (retained development rights).
When is IRS Form 706-SU due?
The form must be filed when the executor makes the election to exclude qualifying conservation easements from the gross estate.
Where do I file IRS Form 706-SU?
The instructions direct users to www.irs.gov/Form706 for further guidance on where to send the completed Schedule U (Form 706).
How do I complete IRS Form 706-SU?
The filer must complete Part I with decedent details, then fill out Part II by describing the land and easement. The computation in Part III requires calculating values through line 20 before signing and attaching it to Form 706.
What happens if IRS Form 706-SU is filed incorrectly?
If an executor files this form and excludes qualifying conservation easements, they are deemed to have made the election under section 2031(c)(6) of the Internal Revenue Code.
What qualifies as a "qualifying conservation easement"?
The instructions detail what this means, but the form itself requires description on line 3. Ensure the land described in Part II meets all criteria.
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