Oregon Oregon Estate Transfer Tax Return and Instructions

Oregon Estate Transfer Tax Return and Instructions
2023, Form OR-706, Oregon Estate Transfer Tax Return, 150-104-001
Clear form

2023 Form OR-706

Office use only

17512301010000

Oregon Department of Revenue

Page 1 of 3, 150-104-001
(Rev. 07-11-23, ver. 01)

Oregon Estate Transfer Tax Return

•Amended
Return

•Decedent first name

Submit original form—do not submit photocopy.
Part 1 (Print or type)

•Initial •Decedent last name

, Estate

•Decedent Social Security number (DSSN)
–

Decedent domicile (legal residence)

•County

•City
•Date of birth
/

/

•Date of death
/

/

•State •Country

•Year domicile established

•An extension of time to file

Is the estate being probated in Oregon?

•A separate

was previously requested

election is claimed

•An extension of time to pay

•If Yes—	 Oregon county:
•Oregon probate number:
•Executor name
•Executor mailing address

–

was previously requested

•Executor FEIN

•Executor SSN
-

•City

-

–

•State •ZIP code
•Executor phone

•Executor title
Include a copy of all required schedules and supporting documents.

Part 2—Tax computation

(

)

–

•
•
•
•
•

.00
.00
.00
.00
.00

•  8.
•  9.
•10.
•11.
•12.
•13.
•14.
•15.
•16.
•17.
•18.

.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00

	 1.	 Total gross estate (from page 3, part 5, line 512)...............................................................................................   1.
	 2. 	Total allowable deductions (from page 3, part 5, line 522).................................................................................   2.
	 3. 	Natural resource property exemption (see instructions).....................................................................................   3.
	 4. 	Taxable estate (line 1 minus lines 2 and 3, if applicable)....................................................................................   4.
	 5. 	Oregon estate tax (see instructions, part 6, for tax table)..................................................................................   5.
.00
	 6. 	Gross value of property located in Oregon (see instructions).....................   6.
.0000 %
	7. 	Oregon percentage (line 6 divided by line 1, round to four decimal places, no more than 100%).....   7.

•

•

	 8. 	Tax payable to Oregon (line 5 multiplied by line 7)............................................................................................
	 9. 	Natural Resource Credit (from Schedule OR-NRC, line 12)...............................................................................
10.	 Forest Conservation Tax Credit (see instructions)..............................................................................................
	11. 	Net estate tax (line 8 minus lines 9 and 10)........................................................................................................
	12. 	Amount paid by original due date of return (see instructions)............................................................................
	13. 	Tax due. Is line 11 more than line 12? If so, line 11 minus line 12......................................................................
	14. 	 Overpayment. Is line 12 more than line 11? If so, line 12 minus line 11...........................................................
	15. 	Penalty for late filing or late payment (see instructions).....................................................................................
	16. 	Interest on late payment (see instructions).........................................................................................................
	17. 	 Total due (add lines 13, 15, and 16)...................................................................................................................
	18. 	 Refund (line 14 minus lines 15 and 16)..............................................................................................................

Signature and authorization: Under penalties of false swearing, I declare that I have examined this return, including accompanying schedules and statements. To the best of my
knowledge and belief it is true, correct, and complete. If prepared by a person other than the executor, this declaration is based on all information of which the preparer has any knowledge.
Executor signature

Date

Executor phone

/

/

X
Title

(

Executor SSN

–

)

Executor FEIN

–

–

–

• Check the box to authorize the following individual(s) to receive and provide confidential tax information relating to this return.
Title
•Preparer first name (print) •Initial •Preparer last name
•Preparer mailing address

•City

Preparer signature

Phone

X

(

•State •ZIP code
Date

)

–

/

/

•Preparer license

2023 Form OR-706
Page 2 of 3, 150-104-001
(Rev. 07-11-23, ver. 01)

•Decedent first name

17512301020000

Oregon Department of Revenue

•Initial •Decedent last name

, Estate

Part 3—Elections by the executor	

Check the “Yes” box for each question, if applicable. See instructions.

	 1.	Do you elect alternate valuation?............................................................................................................................................................

•

1.

Yes

	 2.	Do you elect special use valuation? Include federal Schedule A-1........................................................................................................
	 3.	Do you elect to postpone the part of the taxes attributable to a reversionary or remainder interest as described
		 in Section 6163?.....................................................................................................................................................................................

•

2.

Yes

•

3.

Yes

Part 4—General information	

•	 1.	 Marital status of the decedent at time of death:
Married
Widow or
widower

2.

Single

Legally separated

You must include a copy of the death certificate and all supporting documents. See instructions.

•Date divorce decree became final
/

Divorced:

/

•Deceased spouse name •Initial •Last name

•SSN of deceased
–

•2a. Surviving spouse name •Initial •Last name

–

/

/

•2c. Amount received (see instructions)

•2b. Survivor SSN
–

•Date of death
.00

–

3a.	 Individuals (other than the surviving spouse), trusts, or other estates who receive benefits from the estate (don’t include charitable beneficiaries
shown in Schedule O) (see instructions). For Privacy Act Notice (applicable to individual beneficiaries only), see instructions for federal Form 1040.

•Indiv. receiving $5,000 or more •Initial • Last name

•Relation to decedent

•Name of trust or estate receiving $5,000 or more

•SSN

•Indiv. receiving $5,000 or more •Initial • Last name

•Relation to decedent

•Name of trust or estate receiving $5,000 or more

•SSN

•Indiv. receiving $5,000 or more •Initial • Last name

•Relation to decedent

•Name of trust or estate receiving $5,000 or more

•SSN

•Indiv. receiving $5,000 or more •Initial • Last name

•Relation to decedent

•Name of trust or estate receiving $5,000 or more

•SSN

•Indiv. receiving $5,000 or more •Initial • Last name

•Relation to decedent

•Name of trust or estate receiving $5,000 or more

•SSN

•Indiv. receiving $5,000 or more •Initial • Last name

•Relation to decedent

•Name of trust or estate receiving $5,000 or more

•SSN

•Indiv. receiving $5,000 or more •Initial • Last name

•Relation to decedent

•Name of trust or estate receiving $5,000 or more

•SSN

– –
– –
– –
– –
– –
– –
– –

• Amount (see instructions)

•FEIN
–

• Amount (see instructions)

•FEIN
–

•Amount (see instructions)

•FEIN
–

•Amount (see instructions)

•FEIN
–

• Amount (see instructions)

•FEIN
–

•Amount (see instructions)

•FEIN
–

•Amount (see instructions)

•FEIN

.00
.00
.00
.00
.00
.00
.00

–

•• 3b.

.00

•• 3c.

.00

3b. All unascertainable beneficiaries and those who receive less than $5,000.....................................................
3c. Total.................................................................................................................................................................

2023 Form OR-706
Page 3 of 3, 150-104-001
(Rev. 07-11-23, ver. 01)

•Decedent first name

Oregon Department of Revenue

17512301030000

•Initial •Decedent last name

, Estate
Check the “Yes” box for each question, if applicable.
4. Does the gross estate contain any Section 2044 property [qualified terminable interest property (QTIP) from a prior gift or
estate]? (Schedule F)..........................................................................................................................................................................
  4.
Yes
If you answer “Yes” to any of questions 5–12, you must include additional information as described in the instructions.
	 5.	a.	Was any insurance on the decedent’s life not included on the return as part of the gross estate? (Schedule D, Form 712).........   5a.
Yes
		b.	Did the decedent own any insurance on the life of another that is not included
		 	 in the gross estate? (Schedule D, Form 712)......................................................................................................................................   5b.
Yes
	 6.	Did the decedent, at the time of death, own any property as a joint tenant with right of survivorship in which (a) one or more
		 of the other joint tenants was someone other than the decedent’s spouse, and (b) less than the full value of the property is
		 included on the return as part of the gross estate? (Schedule E).......................................................................................................
  6.
Yes
	 7.	a.	Did the decedent, at the time of death, own any interest in a partnership or unincorporated business, limited liability
	 company, or any stock in an inactive or closely held corporation?.................................................................................................   7a.
Yes
b. If yes, was the value of any interest owned (from 7a) discounted on this estate tax return? If yes, see the federal
instructions on reporting the total accumulated or effective discounts taken on Schedule F or G.................................................   7b.
Yes
	 8.	Did the decedent make any transfer described in

•

•

•
•

•
•

•

		 Section 2035, 2036, 2037, or 2038? (Schedule G)..............................................................................................................................
	 9.	Were there in existence at the time of the decedent’s death:
		 a.	Any trusts created by the decedent during his or her lifetime? (Schedule G and trust document).................................................
		 b.	Any trusts not created by the decedent under which the decedent possessed any power, beneficial interest,
	 or trusteeship? (Schedule F and trust document)...........................................................................................................................
10.	Did the decedent ever possess, exercise, or release any
		 general power of appointment? (Schedule H).....................................................................................................................................
	11.	Was the decedent, immediately before death, receiving an annuity described in the “General” paragraph of the instructions
for Schedule I? (Schedule I).................................................................................................................................................................
	12.	Was the decedent ever the beneficiary of a trust for which a deduction was claimed by the estate of a pre-deceased spouse
under Section 2056(b)(7) which isn’t reported on this return? If “Yes,” include an explanation..........................................................

Part 5—Recapitulation	
Gross estate	

(a) Alternate value	

  8.

	 Yes

••  9a.

Yes

••  9b.

	

••  10.

	 Yes

••  11.

	 Yes

••  12.

	

••

513.	
514.	
515.	
516.	
517.	
518.	
519.	
520.	
521.	
522.	

Schedule J—Funeral expenses and expense incurred in administering property subject to claims..........
Schedule K—Debts of the decedent...........................................................................................................
Schedule K—Mortgages and liens..............................................................................................................
Total of lines 513 through 515.....................................................................................................................
Allowable amount of deductions from line 516 (see instructions)...............................................................
Schedule L—Net losses during administration...........................................................................................
Schedule L—Expenses incurred in administering property not subject to claims......................................
Schedule M—Bequests, etc., to surviving spouse (see instructions) or Oregon Schedule OR-OSMP......
Schedule O—Charitable, public, and similar gifts and bequests................................................................
Total deductions (add lines 517 through 521) (Enter here and on part 2, line 2).......................................

•
•
•
•
•
•
•
•
•
•
•

Yes

(b) Value at date of death

.00
501.	 Schedule A—Real estate...................................................................   501.
.00
502.	 Schedule B—Stocks and bonds.......................................................   502.
.00
503.	 Schedule C—Mortgages, notes, and cash.......................................   503.
.00
504.	 Schedule D—Insurance on the decedent’s life [include Form(s) 712]....   504.
.00
505.	 Schedule E—Jointly owned property................................................   505.
.00
506.	 Schedule F—Other miscellaneous property......................................   506.
.00
507.	 Schedule G—Transfers during decedent’s life.......................................   507.
.00
508.	 Schedule H—Powers of appointment...............................................   508.
.00
509.	 Schedule I—Annuities.......................................................................   509.
.00
510.	 Total gross estate (add lines 501 through 509)..................................   510.
.00
511.	 Schedule U—Qualified conservation easement exclusion................   511.
512.	 Total gross estate less exclusion (line 510 minus line 511).
.00
	
Enter here and on part 2, line 1.........................................................   512.
Deductions	Amount

••
••
••
••
••
••
••
••
••
••
••

Yes

.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00

•

.00

••  513.
••  514.
••  515.
••  516.
••  517.
••  518.
••  519.
••  520.
••  521.
••  522.

.00
.00
.00
.00
.00
.00
.00
.00
.00
.00

Part 6—Estate transfer tax table. See part 6 in the instructions for the tax table, computation instructions, and an example.
Include a copy of all required schedules and supporting documents. Mail to: See instructions. Addresses have changed.