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Ohio Free Printable ET2_Return_041112.pmd for 2024 Ohio Estate Tax Return & Instructions for Estates With Dates of Death on or After Jan. 1, 2002 With Gross Value Over $338,333

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Estate Tax Return & Instructions for Estates With Dates of Death on or After Jan. 1, 2002 With Gross Value Over $338,333
ET2_Return_041112.pmd

OHIO ESTATE TAX RETURN AND INSTRUCTIONS For estates with dates of death Jan. 1, 2002 – Dec. 31, 2012 with a gross value of more than $338,333. Ohio Department of Taxation Revised 4/12 For completing the Ohio Estate Tax Return for estates with dates of death Jan. 1, 2002 – Dec. 31, 2012, please review the following:         Read the General Information Section located on pages 6 and 7 for instructions. Complete only the applicable schedules of the return, which are available through our Web site (tax.ohio.gov) or by contacting the Ohio Department of Taxation. See pages 4 and 5 for listing of schedules. Check your computation. Follow the instructions in the General Information Section, page 6, for where to file and pay. Note: Estates with dates of death Jan. 1, 2001 – Dec. 31, 2001 are required to file an Ohio Estate Tax Form 2, Revised 1/2001. Estates with dates of death prior to Jan. 1, 2001 are required to file an Ohio Estate Tax Form 2, Revised 3/00. For further information, please contact the Estate Tax Unit’s toll-free information and assistance line at 1 (800) 977-7711 ( Ohio Relay Service 1 (800) 750-0750 ) Reset Form Estate Tax Form 2 Rev. 4/12 Ohio Estate Tax Return for all Resident Filings for Dates of Death Jan. 1, 2002 – Dec. 31, 2012 File in Duplicate with the Probate Court Check one:  Taxable  Nontaxable Estate of: Decedent’s last name Decedent’s first name and initial Date of death Date of birth Cause of death Occupation Decedent retired Yes  No  Address of decedent at time of death (number and street, city, state and ZIP code) Decedent’s social security number County in Ohio in which probate court located, where will probated or estate administered Case number Tax Computation 1. Total gross estate 2. Total deductions $ (if less than $338,333, return is not required) (from page 2) $ ( (from page 2) 3. Net taxable estate (line 1 minus line 2) $ 4. Tentative tax based on line 3 (use table on page 2) $ 5. Less: Estate tax credit $ ( 13,900 ) 6. Tax $ (subtract line 5 from line 4; if line 5 is more than line 4, enter - 0 -) 7. Less: Previous payments (exclude any interest or penalty paid) $ ( 8. Balance due (if amount on line 7 is less than tax amount on line 6, enter difference as balance due) $ 9. Overpayment (if amount on line 7 is greater than tax amount on line 6, enter difference as a refund) $ ( ) ) ) Executor/Administrator Waiver to Receive Correspondence I/we do not wish to receive further correspondence from the Ohio Department of Taxation regarding this estate, and hereby authorize all such communication to be directed only to the estate’s legal representative named below. Signature of executor/administrator Declaration Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the deceased’s personal representative or person in possession of property is based on all information of which preparer has any knowledge. Name of attorney representing the estate Address (number and street, city, state and ZIP code) Telephone number Name of executor/administrator(s) Address (number and street, city, state and ZIP code) Telephone number Signature of executor/administrator(s) Date Date Date Filed with Probate Court Signature of preparer Distribution of Subdivision’s Share of Tax (Section 5731.48 and 5731.50 O.R.C.) Percentage City, Village or Township -1- Date Received by Ohio Department of Taxation Recapitulation of Assets Schedule Value at Date of Death Alternate Value A. Real property ............................................................ $ $ $ $ B. Stocks and bonds ..................................................... C. Mortgages, notes and cash ...................................... D. Insurance .................................................................. E. See Schedule E, Part I ............................................. Joint and Survivorship Property, Part II ...................... F. Other miscellaneous property ................................... G. Transfers during lifetime ............................................ H. Powers of appointment ............................................. I. Annuities, pensions, retirement plans ....................... Total gross estate (enter on line 1, page 1) ............... Recapitulation of Deductions Amount Schedule J. Debts and administration expenses ................................................................................ $ K. Charitable bequests ........................................................................................................ L. Marital deduction ............................................................................................................ T. Qualified family-owned business interest deduction – REPEALED* ................................. Total deductions (enter on line 2, page 1) ....................................................................... $ Elections by the Executor Please check the “yes” or “no” box for each question. (See explanation of elections on pages 8 and 9.) Yes No 1. Do you elect alternate valuation? O.R.C. Section 5731.01(A) and (D).................................................. 2. Do you elect qualified farm property valuation? O.R.C. Section 5731.011 ............................................ 3. Do you elect to claim a marital deduction for qualified terminable interest property (QTIP)? O.R.C. Section 5731.15(B)(2) ............................................................................................................. 4. Do you elect to claim a deduction for a qualified family-owned business interest? I O.R.C. Section 5731.20 – REPEALED* ..............................................................................................I Tax Table Net Taxable Estate (from line 3, page 1) Tax Rate More than $338,333, but not more than $500,000 $13,900 + 6% of excess more than $338,333 More than $500,000 $23,600 + 7% of excess more than $500,000 *Not available for estates with a date of death on or after July 1, 2005. See page 9 for a detailed explanation. -2- Information Yes No Yes No 1. Did the decedent die testate? .............................................................................................................. If yes, please attach a copy of the will. 2. During the decedent’s lifetime, were there any trusts created (by the decedent or others for the decedent)? ..... If yes, please attach a copy of the trust. 3. Were any disclaimers filed or elections to take against the will made? ................................................ If yes, please attach copies of the disclaimer or election. 4. Have federal gift tax returns ever been filed? ......................................................................................... If yes, please attach copies of the returns. 5. Was a federal estate tax return required? ............................................................................................. If yes, please attach pages 1, 2 and 3 of Federal Form 706. 6. Did the decedent own any real property? ............................................................................................. If yes, please attach copies of any appraisals. 7. Marital status of the decedent at time of death:  Married Name of surviving spouse (if applicable) Social security number of surviving spouse     Single Legally separated Divorced Widowed Name of deceased spouse Social Security number of deceased spouse Date of death of deceased spouse Case number of deceased spouse’s estate County of deceased spouse’s estate 8. If widow or widower, was a qualified terminable interest property (QTIP) deduction elected in the predeceased spouse’s estate? ..................................................................................... If yes, please read information below and complete Schedule F. O.R.C. Section 5731.131 requires the estate to include property in which the decedent had an income interest for life for which a marital deduction was allowed with respect to the transfer of that property under any of the following: a. O.R.C. Section 5731.15(A)(1) (for dates of death on or before June 30, 1993) b. O.R.C. Section 5731.15(B) (for dates of death on or after July 1, 1993) c. I.R.C. Section 2523(f) (lifetime QTIP gift tax election) d. Where the decedent’s predeceased spouse was not a resident of the state of Ohio but was permitted a marital deduction under I.R.C. Section 2056(b)(7). -3- Schedules of Assets Jointly owned property must be listed on Schedule E. Schedule A – Real Estate Schedule B – Stocks and Bonds Schedule C – Mortgages, Notes and Cash Schedule D – Insurance Schedule E – Joint and Survivorship Assets (O.R.C. Section 5731.10) Part I – Interest held by the Decedent and Spouse as the Only Joint Tenants Schedule E – Joint and Survivorship Assets (O.R.C. Section 5731.10) Part II – All Other Joint Interests Schedule F – Miscellaneous Property Schedule G – Transfers During Decedent’s Life Schedule H – Powers of Appointment Schedule I – Annuities, Pensions, Retirement and Other Employer Death Benefit Plans -4- Schedules of Deductions Schedule J – Debts and Administration Expenses Schedule K – Charitable Deduction Schedule L – Marital Deduction Reconciliation Schedule M – Bequests to Surviving Spouse Part I – Property Interests which are not subject to a QTIP Election Schedule M – Bequests to Surviving Spouse Part II – Property Interests which are subject to a QTIP Election Please visit our Web site at tax.ohio.gov to download these schedules. -5- General Information When an estate tax return is required (Section 5731.21) Estates with a gross value of more than $338,333 are required to file an ET Form 2 and ET Form 22. Executors and administrators are responsible for filing the estate tax return. Note: For dates of death after Dec. 31, 2012 ET Form 22 will become obsolete for dates of death after Dec. 31, 2012. What estate tax form is required to be completed (Section 5731.21) If the date of death is between Jan. 1, 2002 – Dec. 31, 2012, Ohio Estate Tax Form 2, revised 4/2012, is required to be filed. Returns are not required to be filed for gross estates with a value of $338,333 or less. However, if the estate consists of real estate and has a value of $338,333 or less, an ET Form 22 should be filed with probate court to expedite the release of the real estate lien. If the date of death was between Jan. 1, 2001 – Dec. 31, 2001, Ohio Estate Tax Form 2, revised 1/2001, is required to be filed. If the date of death was prior to Jan. 1, 2001, Ohio Estate Tax Form 2, revised 3/2000, is required to be filed. When and where to file (Section 5731.21) Returns are required to be filed within nine months from decedent’s date of death (see Extension of Time to File, below). All filings must be made in duplicate with the probate court where will is probated or estate is administered. When and where to pay (tax and interest) (Section 5731.23) Tax and interest are paid at the county auditor’s office, with the check drawn to the order of the county treasurer. Interest begins to accrue at variable rates nine months from decedent’s date of death. The county auditor will calculate any interest owing. Extension of time to file (Section 5731.21) Estates of decedents with a date of death on or after Jan. 1, 2000 are granted an automatic six-month extension, allowing them a total of 15 months to file the estate tax return. Any additional six-month extensions must be requested in writing directly to the Estate Tax Unit on ET Form 24 before the due date of the return. Interest on any estate tax due will be calculated from nine months from date of death regardless if the estate uses the automatic or additional extensions. To stop the accrual of interest, an estimated payment of tax may be made. (See Estimated Payments on page 7.) Extension of time to pay (Section 5731.25) Estates of decedents with a date of death on or after July 24, 1986 may request to extend the time for payment of tax for undue hardship. Specific examples of undue hardship are listed in the Ohio Revised Code and include, but are not limited to, the following: (1) insufficient liquid funds despite efforts to convert assets to cash; (2) a substantial portion of the assets of the gross estate consisting of rights to receive payments in the future; and (3) the inability to accurately determine the size of the gross estate because a substantial portion of the decedent’s assets is subject to litigation. The estate must request this extension on ET Form 41, no later than forty-five (45) days prior to the due date of the estate tax return. This form must be filed directly with the Estate Tax Unit. Additional extensions must be filed not less than thirty (30) days before the expiration of the previous extension. Each extension is granted for no more than one year per request. Additional extensions may be granted annually up to a maximum of 14 years. For further information, please refer to ET Bulletin 3A. -6- Estimated payments (Section 5731.23) An estimated payment can be made prior to the filing of the estate tax return, by using an ET Form 17. This payment will stop the accrual of interest on the amount of tax paid. Estimated payments are collected in the same manner as stated on page 6 in When and Where to Pay. If the tax ultimately assessed is more than the estimated payment, interest on the excess will accrue nine months from decedent’s date of death. If the tax ultimately assessed is less than the estimated payment, the estate may be eligible for a refund. Penalties (Section 5731.22) Failure to timely file the estate tax return (determined with regard to any approved extension) results in a penalty assessment. The penalty is five (5) percent per month or any fraction of a month, not to exceed twenty-five (25) percent of the tax as finally determined. Interest does not accrue on penalty assessments. Nonresident estates (Section 5731.19) The estate of a nonresident decedent must file ET Forms 2 and 4 if the decedent owned the following types of property: real property situated in Ohio; tangible personal property having an actual situs in Ohio; and intangible personal property employed in carrying on a business within Ohio (unless exempted under Section 5731.34). The filing requirements are the same as for a resident decedent, except the return may be filed directly with the county probate court where the Ohio property is located. Distribution of tax (Sections 5731.48 and 5731.50) For dates of death Jan. 1, 2002–Dec. 31, 2012, eighty (80) percent of the tax is distributed to the municipal corporation, village or township in which the tax originates and twenty (20) percent to the state of Ohio. Marital deduction (Section 5731.15) A marital deduction may be taken for certain property interests that pass from the decedent to the surviving spouse. Property interests that should be listed include the following: (1) survivor of tenancy by the entirety or joint tenancy; (2) appointee under decedent’s exercise of a power; (3) statutory interests passing to a spouse as a result of a right of election to take against the will; and (4) bequests from decedent pursuant to will. Property interests that should not be listed include: (1) property that does not pass from decedent to surviving spouse; (2) qualified terminable interests for which QTIP election is not made; and (3) property that has been disclaimed by a surviving spouse under O.R.C. Section 1339.68. Additional tax (Sections 5731.18, 5731.19 and 5731.24) – Repealed* An additional tax is due when the federal state death tax credit exceeds the Ohio tax paid. If an estate (resident or nonresident) falls into the federal estate tax category, ET Forms 3 or 3N (Additional Tax Returns) may be required to be filed. The return and payment are due sixty (60) days after the date of the final determination of the federal estate tax liability (closing letter or equivalent as issued by the IRS). The additional tax shall be paid, without notice or demand by the tax commissioner, with the return, and shall be filed and paid in the same manner as the estate tax, except that interest begins to accrue sixty (60) days after the date of the final determination of the federal estate tax liability. *Repealed for all estates with a date of death on or after July 1, 2005. See page 9 for a detailed explanation. -7- Explanation of Elections Alternate Valuation Date (Section 5731.01(A) and (D) O.R.C.) The gross estate may be valued on the decedent’s date of death or on an alternate valuation date. The alternate valuation date is six months from date of death unless the property item is sold, disposed of or distributed within that six months. within one year and nine months from the date of decedent’s death or within one year from any extensions granted by the tax commissioner. Once made, this election is irrevocable. If alternate valuation is elected, please list both date of death values and alternate values, and the alternate valuation date on the applicable schedules. The executor must make an election by checking “yes” in the Elections Section of the return. This election is mutually exclusive of the federal election. However, it must be elected Qualified Farm Property Valuation (O.R.C. Section 5731.011) The estate may elect Qualified Farm Property Valuation for determining the value of farm property as an alternative to its fair market value. To have qualified farm property valued at this special valuation, certain conditions must be met.* This election must be made on a timely filed return determined with regard to any approved extensions of time to file. 3. Current Agricultural Use Valuation (CAUV) cards (from county auditor); 4. Fair market value appraisal (broken down into one acre homesite, improvements and bare land only). If the qualified farm property valuation is elected, use the qualified farm property value column in Schedule A or identify the qualified property under Schedule E or G. To help expedite the audit, please attach the following: 1. A complete ET Form 34; *Please refer to Estate Tax Bulletin 5. 2. Most recent county auditor real estate propertyrecord; Qualified Terminable Interest Property (QTIP) (O.R.C. Section 5731.15) the Elections Section of the return. Once the election is made, it is irrevocable. This election must be made on a timely filed return determined with regard to any approved extensions of time to file. The Qualified Terminable Interest Property (QTIP) election allows certain life estates held for the surviving spouse to qualify for the marital deduction. The requirements for QTIP are the following: 1. Surviving spouse must receive all the income for life payable annually or at more frequent intervals; and 2. No one can have a power to appoint the property to any person other than the surviving spouse during surviving spouse’s life; and 3. The executor must make an election by checking “yes” in The executor may make a partial QTIP election only if it is in the form of a fraction or percentage of available QTIP property. The specific interest should be clearly identified as QTIP. The surviving spouse’s estate must include all QTIP property claimed in the first spouse’s estate, to the extent not consumed or given away, at the value on the date of death of the surviving spouse. -8- Explanation of Elections Qualified Family-Owned Business Interest Deduction (O.R.C. Section 5731.20) – REPEALED* Effective for estates of decedents dying on or after Jan. 1, 2001, O.R.C. Section 5731.20 allows a deduction for qualified family-owned business interests. For a qualifying estate, the maximum deduction allowed cannot exceed $675,000. To claim the deduction, the executor must make a Section 5731.20 election (see page 2, Elections by the Executor, item 4) and attach completed IRS form 706, Schedule T (Qualified Family-Owned Business Interest Deduction) and federally requested statements to the Ohio estate tax return. In addition, each person having an interest in the property must sign a written agreement consenting to the application of the 10-year additional (recapture) tax. The deduction for the value of the qualifying business interest is claimed under Recapitulation of Deductions, page 2, of the Ohio return. business interest,” “qualified heir,” “member of the family,” “material participation,” “applicable percentage” and “adjusted tax difference” will have the same meaning and effect for purposes of Section 5731.20, unless otherwise provided. For Ohio, if an estate qualifies, the election to claim the deduction can be made even if no federal return is required to be filed. Where a federal return is required to be filed, the election can be made for Ohio, even if not made federally. All qualified heirs shall be deemed to have met the Ohio requirement of consenting to the additional (recapture) tax by signing the agreement contained in Federal Form 706, Schedule T. When applicable, the tax plus statutory interest will be due no later than the first day of the seventh month following the event causing the imposition of the additional (recapture) tax. Section 5731.20 incorporates by way of statutory referencing all dispositive language contained in Section 2057 of the Internal Revenue Code. Every definition and term used in Section 2057 such as “adjusted value of the qualified family-owned *Repealed for all estates with a date of death on or after July 1, 2005. See below for a detailed explanation. ET 2006-01 – Estate Tax Unit Information Release – Estate Tax Updates As A Result Of Amended Substitute House Bill 66 (HB 66) – January 2006 The purpose of this information release (http://tax.ohio.gov/ divisions/communications/information_releases/estate/ ET200601.stm) is to provide a brief summary of significant estate tax changes resulting from the recent passage of HB 66. prospective and applies to decedents dates of death occurring on or after July 1, 2005. In addition to the preceding, uncodified section 557.03 of HB 66 grants a temporary credit to those estates impacted by the EGTRRA legislation. The amount of additional estate tax that is due after application of the section 557.03 credit is the same amount that would be due had the amendments to IRC 2011 been incorporated in 2002. This has the effect of mitigating the excess additional estate tax claim for the difference between any pre-EGTRRA and post-EGTRRA additional tax assessments. Updated References to the Internal Revenue Code The estate tax, chapter 5731. of the Ohio Revised Code (R.C.), has been amended to provide a general definition of the Internal Revenue Code (IRC) for purposes of Ohio’s estate tax law (R.C. 5731.01(F)). This is similar to how the IRC is referenced for both Ohio’s personal income tax (R.C. 5747.01), and corporation franchise tax (R.C. 5733.04). Repeal of Estate Tax Deduction for Qualified Family-Owned Business Interests R.C. 5731.20 previously provided for a maximum deduction not to exceed $675,000 for qualifying family-owned business interests. Uncodified section 612.24 of HB 66 repeals outright the estate tax deduction for qualified family-owned business interests. The repeal is effective for decedents dates of death occurring on or after July 1, 2005. As a result of the amendment to R.C. 5731.18, the Ohio additional tax statute references a more current version of the IRC. Because The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) totally repealed the federal credit allowed for state death taxes (IRC 2011) for dates of death occurring on or after Jan. 1, 2005, the Ohio Additional Tax is constructively repealed. This change is -9- For further information, please contact the Estate Tax Unit’s Toll-free information and assistance line at 1 (800) 977-7711 or Visit our Web site at tax.ohio.gov
Extracted from PDF file 2019-ohio-form-et-2-largeestate.pdf, last modified April 2012

More about the Ohio Form ET 2-LargeEstate Estate Tax

There will be no estate tax on estates of individuals with a date of death on or after Jan. 1, 2013.

We last updated the Estate Tax Return & Instructions for Estates With Dates of Death on or After Jan. 1, 2002 With Gross Value Over $338,333 in June 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Ohio Department of Taxation. You can print other Ohio tax forms here.


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Related Ohio Estate Tax Forms:

TaxFormFinder has an additional 82 Ohio income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Ohio Form ET 2-LargeEstate.

Form Code Form Name
Form ET 24 Application for Extension of Time to File Ohio Estate Tax Return
Form ET 2 Ohio Estate Tax Return and Instructions for Dates of Death on or After July 1, 1993
Form ET 2-A Schedule A Real Estate
Form ET 2-E-I Schedule E Part I Joint & Survivorship Assets
Form ET 2-E-II Schedule E Part II Joint & Survivorship Assets
Form ET 2-I Schedule I Annuities, Pensions, Retirement and Other Employer Death Benefit Plans€
Form ET 2-L Schedule L Marital Deduction Reconciliation
Form ET 2-M-I Schedule M Part I Bequests to Surviving Spouse
Form ET 2-M-II Schedule M Part II Bequests to Surviving Spouse
Form ET 21 Application for Certificate of Release of Ohio Estate Tax Lien

Download all OH tax forms View all 83 Ohio Income Tax Forms


Form Sources:

Ohio usually releases forms for the current tax year between January and April. We last updated Ohio Form ET 2-LargeEstate from the Department of Taxation in June 2021.

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About the Estate Tax

The IRS, and many states, impose an estate tax on the transfer of cash and property between a decedent and their beneficiaries. These taxes generally only apply to estates over a certain size threshold, generally several million dollars, and therefore only affects the largest few percent of estates in the United States.

Historical Past-Year Versions of Ohio Form ET 2-LargeEstate

We have a total of six past-year versions of Form ET 2-LargeEstate in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form ET 2-LargeEstate

ET2_Return_041112.pmd

2018 Form ET 2-LargeEstate

ET2_Return_041112.pmd

2017 Form ET 2-LargeEstate

ET2_Return_041112.pmd

2016 Form ET 2-LargeEstate

ET2_Return_041112.pmd

2015 Form ET 2-LargeEstate

ET2_Return_041112.pmd

Estate Tax Return & Instructions for Estates With Dates of Death on or After Jan. 1, 2002 With Gross Value Over $338,333 2014 Form ET 2-LargeEstate

ET2_Return_041112.pmd


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