Pennsylvania Schedule C-2 - Partnership Information Report

Schedule C-2 - Partnership Information Report
Schedule C-2 - Partnership Information Report (REV-1506)REV-1506 EX+ (3-15)

SCHEDULE C-2

INHERITANCE TAX RETURN
RESIDENT DECEDENT

PARTNERSHIP
INFORMATION REPORT

START ESTATE OF

FILE NUMBER

➜
1. Name of Partnership _____________________________________________________ Date Business Commenced
Address _______________________________________________________________ Business Reporting Year
City ___________________________________________________________________ State________ ZIP Code
2. Federal Employer ID Number
3. Type of Business __________________________________________ Product/Service
4. Decedent was a o General o Limited partner. If decedent was a limited partner, provide initial investment $
5.

PARTNER NAME

PERCENT
OF INCOME

PERCENT
OF OWNERSHIP

BALANCE OF
CAPITAL ACCOUNT

A.
B.
C.
D.
6. Value of the decedent’s interest $
7. Was the partnership indebted to the decedent? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o Yes o No
If yes, provide amount of indebtedness $
8. Was there life insurance payable to the partnership upon the death of the decedent? . . . . . . o Yes o No
If yes, Cash Surrender Value $_________________________________ Net proceeds payable $
Owner of the policy
9. Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if the date of death was
prior to 12-31-82?

o Yes o No

If yes, o Transfer o Sale

Percentage transferred/sold

Transferee or Purchaser ________________________________ Consideration $____________________ Date
Attach a separate sheet for additional transfers and/or sales.
10. Was there a written partnership agreement in effect at the time of the decedent’s death? . . . . . . o Yes o No
If yes, provide a copy of the agreement.
11. Was the decedent’s partnership interest sold? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o Yes o No
If yes, provide a copy of the agreement of sale, etc.
12. Was the partnership dissolved or liquidated after the decedent’s death? . . . . . . . . . . . . . . . . . . . . o Yes o No
If yes, provide a breakdown of distributions received by the estate, including dates and amounts received.
13. Was the decedent related to any of the partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o Yes o No
If yes, explain
14. Did the partnership have an interest in other corporations or partnerships? . . . . . . . . . . . . . . . o Yes o No
If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest.

THE FOLLOWING INFORMATION MUST BE SUBMITTED WITH THIS SCHEDULE
A. Detailed calculations used in the valuation of the decedent’s partnership interest.
B. Complete copies of financial statements or federal partnership income tax returns (Form 1065) for the year of death and four preceding years.
C. If the partnership owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have
been secured, attach copies.
D. Any other information relating to the valuation of the decedent’s partnership interest.

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Extracted from PDF file 2023-pennsylvania-form-rev-1506.pdf, last modified December 2011

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More about the Pennsylvania Form REV-1506 Estate Tax TY 2023

We last updated the Schedule C-2 - Partnership Information Report in February 2024, so this is the latest version of Form REV-1506, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form REV-1506 directly from TaxFormFinder. You can print other Pennsylvania tax forms here.

Other Pennsylvania Estate Tax Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form REV-516	Request for Waiver or Notice of Transfer (For Stocks, Bonds, Securities or Security Accounts Held in Beneficiary Form (REV-516)
Form REV-1500	Inheritance Tax Return - Resident Decedent
Form REV-1508	Schedule E - Cash, Bank Deposits & Misc. Personal Property
Form REV-1511	Schedule H - Funeral Expenses and Administrative Costs
Form REV-1737-1	Nonresident Decedent Affidavit of Domicile Nonresident

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms

Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form REV-1506 from the Department of Revenue in February 2024.

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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 Pennsylvania Form REV-1506

We have a total of twelve past-year versions of Form REV-1506 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form REV-1506