Pennsylvania Schedule F - Jointly-Owned Property

Schedule F - Jointly-Owned Property
Schedule F - Jointly-Owned Property (REV-1509)
1509019105
(EX+) MOD 03-19 (FI)

REV-1509
START

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BurEau OF InDIvIDual TaXEs
PO BOX 280601
HarrIsBurg Pa 17128-0601

SCHEDULE F
JOINTLY-OWNED PROPERTY

ESTATE OF:

FILE NUMBER:

If an asset became jointly owned within one year of the decedent’s date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME(S)

ADDRESS

RELATIONSHIP OF DECEDENT

A.

B.

C.

JOINTLY OWNED PROPERTY:
ITEM
NUMBER

LETTER
FOR JOINT
TENANT

1.

A.

LAST 4 DIGITS
OF BANK
ACCOUNT #

DATE
MADE
JOINT

DESCRIPTION OF PROPERTY
NAME OF FINANCIAL INSTITUTION.
ATTACH DEED FOR JOINTLY HELD REAL ESTATE.

% OF

DATE OF DEATH
DATE OF DEATH DECEDENT’S
VALUE OF
VALUE OF ASSET INTEREST DECEDENT’S INTEREST

TOTAL (Also enter on Line 6, Recapitulation)

$

0.00

If more space is needed, use an additional Schedule F.

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Pennsylvania Department of Revenue

Instructions for REV-1509
rEv-1509 In (EX+) 03-19

GENERAL INFORMATION
PURPOSE OF SCHEDULE
Use REV-1509 Schedule F to report all property in which
the decedent held an interest as joint tenants with right of
survivorship.

FORM INSTRUCTIONS
ESTATE OF
Enter the complete name of the estate as shown on the
REV-1500, Pennsylvania Inheritance Tax Return.
FILE NUMBER
Enter the file number of the estate assigned by the Register
of Wills as shown on the REV-1500, Pennsylvania
Inheritance Tax Return.

GENERAL INSTRUCTIONS
SURVIVING JOINT TENANT(S) INFORMATION
Enter the surviving joint tenant’s name, address and relationship to decedent.
JOINTLY OWNED PROPERTY
Enter the letter corresponding with the joint tenant, last 4
digits of bank account #, date asset was made joint,
description of property, date of death value, percentage of
decedent’s interest and the value of decedent’s interest.
LAST FOUR DIGITS OF BANK ACCOUNT NUMBER
If applicable, enter the last four digits of the bank account
number or similar identifying number for the account being
reported.
DESCRIPTION OF PROPERTY
Report all property of whatever kind or character, whether
real estate is situated in the Commonwealth of
Pennsylvania or personal property in which the decedent
held an interest as a joint tenant with a right of survivorship.
NOTE: Assets held jointly with right of survivorship
between spouses are not reportable for inheritance
tax purposes.

www.revenue.pa.gov

schedule F – Jointly Owned Property

DATE OF DEATH VALUE
When reporting the assets indicate the date the asset was
placed into joint ownership, the exact balance or market
value at date of death, and the value of the taxable interest.
Each description must show the exact registration of the
asset and the appropriate letter, A. B. C. etc., to indicate the
name, address, and relationship of each of the surviving
joint tenants to the decedent.
If the jointly held asset is a rollover from a previously jointly
held account, that information should be reported, including
date originally issued and the date the rollover occurred.
IMPORTANT: If the surviving joint owner of any asset
has received a separate assessment notice from the
department and paid the tax due on a specific joint asset,
the value of that asset should not be included in the total for
this schedule.
An estate representative may request that the department
issue a separate tax notice for tax due on jointly owned
assets directly to the surviving owner by filling in the oval
below Line 6 of the REV-1500. All information requested on
REV-1509, Schedule F must be completed, including the
surviving joint owner’s address, in order for the department
to issue a notice. This option should only be used when the
estate representative does not wish to pay the tax on the
jointly-owned assets from estate funds and if the decedent’s will does not have a stipulation stating that all taxes
from whatever conveyance shall be paid out of the probate
estate.
TOTAL
Total all items in the Value at Date of Death column and
enter value here. Enter this value on Line 6, Page 2 of the
REV-1500.
CAUTION: Assets made joint within one year of
death are reported on REV-1510, Schedule G.
Do not report a retained life interest on this schedule.

REV-1509
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