Schedule B (Form 706), Stocks and Bonds, is the Internal Revenue Service (IRS) schedule on which you list every stock and bond included in the decedent's gross estate. It is attached to Form 706 and its total carries to Part V, item 2 of that form. On this page you can fill out Schedule B (Form 706) online on FillingPDF and download or print the completed PDF. The IRS publishes the form and its instructions at www.irs.gov/Form706.
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What is Schedule B (Form 706)?
Schedule B (Form 706), Stocks and Bonds, is the Internal Revenue Service (IRS) schedule attached to Form 706 on which the stocks and bonds included in the decedent's gross estate are listed, described and valued, and totaled for transfer to the return.
Line 1 is a table with one row per holding. Each row has an item number, a description (including the face amount of bonds, or the number of shares and par value), a CUSIP number or, for a trust, partnership or closely held entity, an EIN, a unit value, an alternate valuation date, an alternate value and the value at date of death. Lines 2 through 4 then add the amounts in column (vi) or column (vii), as applicable, add the total from any Schedule(s) W (Form 706) or additional statements, and produce the total that is entered on Form 706, Part V, item 2.
The schedule is one part of Form 706 and is not filed alone: the form says to attach it to Form 706. The printed revision is August 2025 (OMB No. 1545-0015). The IRS instructions for Form 706, available at www.irs.gov/Form706, explain what counts as a stock or bond for this schedule and how jointly owned property that must be disclosed on Schedule E (Form 706) is treated.
Who needs to file Schedule B (Form 706)?
Anyone completing Form 706 for a decedent whose gross estate includes stocks or bonds attaches this schedule and lists those holdings on line 1. The form asks for the decedent's name as it appears on Form 706 and the decedent's social security number at the top.
Two situations call for a check of the IRS instructions before you enter anything:
- Jointly owned property. The form notes that jointly owned property that must be disclosed on Schedule E (Form 706) is handled as the instructions describe.
- Portability-only filings. If the value of the gross estate plus adjusted taxable gifts is less than the basic exclusion amount and Form 706 is being filed solely to elect portability of the DSUE amount, consider whether you must report the value of assets eligible for the marital or charitable deduction. For an asset whose value you are not required to report, identify the property but leave the last four columns blank.
The form does not say who may sign for the estate; the signing rules belong to Form 706 and its instructions.
When to file Schedule B (Form 706)
Schedule B (Form 706) has no due date of its own: you complete it when you prepare Form 706, because the form says to attach it to Form 706, and it is submitted whenever that return is submitted. For the deadline that applies to Form 706, see the IRS instructions at www.irs.gov/Form706.
Gather the holdings, their values at date of death and, where an alternate valuation date applies, the alternate valuation date and alternate value before you start, since each row asks for them. Complete the schedule before you finish Part V of Form 706, because the total on line 4 is entered there at item 2. If more space is needed, prepare any Schedule(s) W (Form 706) or additional statements at the same time, so that their total is ready for line 3.
Documents you need
- Form 706, to which Schedule B (Form 706) must be attached; the schedule is not filed on its own.
- Schedule(s) W (Form 706) or additional statements, only if more space is needed than line 1 provides; their total goes on line 3.
How to fill out Schedule B (Form 706)
Enter the decedent's name and SSN
At the top, write the decedent's name exactly as it appears on Form 706, and the decedent's social security number.
Check the jointly owned property note
Before listing holdings, read the first bullet on the form: jointly owned property that must be disclosed on Schedule E (Form 706) is handled as the instructions describe.
Check the portability note
If Form 706 is filed solely to elect portability of the DSUE amount and the gross estate plus adjusted taxable gifts is below the basic exclusion amount, see the instructions on which asset values you must report.
Number each item and describe it
On line 1, enter an item number in column (i), then in column (ii) the description, including the face amount of bonds or the number of shares and par value for identification.
Enter CUSIP numbers and EINs
In column (iii), enter the CUSIP number. If the holding is in a trust, partnership or closely held entity, enter its EIN instead.
Enter the unit value
In column (iv), enter the unit value of each stock or bond.
Enter alternate and date-of-death values
Use columns (v) and (vi) for the alternate valuation date and alternate value when they apply, and column (vii) for the value at date of death. Leave the last four columns blank for an asset you are not required to report.
Add the amounts on line 2
Add all amounts in column (vi) or column (vii), as applicable, and enter the sum on line 2.
Enter Schedule W or statement totals
If you needed more space, attach Schedule(s) W (Form 706) or additional statements and enter their total on line 3.
Total the schedule on line 4
Add lines 2 and 3 and enter the result on line 4. This is the amount you enter on Form 706, Part V, item 2.
Review and download the PDF
Check names, values and totals against Form 706, then download or print the completed PDF from FillingPDF and attach it to Form 706.
How to submit Schedule B (Form 706)
Schedule B (Form 706) has no separate filing channel or address printed on it: it is submitted as an attachment to Form 706.
- With Form 706. Attach the completed schedule to Form 706 and send the return the way the Form 706 instructions direct.
- Additional pages. If you need more space for line 1, attach Schedule(s) W (Form 706) or additional statements, and enter their total on line 3 of this schedule.
- Carry the total. Enter the line 4 total on Form 706, Part V, item 2.
The mailing address, any filing method and the current instructions are published by the IRS at www.irs.gov/Form706, the address printed on the schedule. FillingPDF lets you fill out and download the PDF; submission follows the IRS channels that apply to Form 706.
Common mistakes to avoid
- Submitting Schedule B (Form 706) without attaching it to Form 706; the form states it is to be attached to Form 706.
- Leaving out the decedent's name as it appears on Form 706 or the decedent's social security number at the top of the schedule.
- Adding column (vi) when the values you are reporting are in column (vii), or the reverse; line 2 says to add the amounts in column (vi) or column (vii), as applicable.
- Continuing past the rows on line 1 without attaching Schedule(s) W (Form 706) or additional statements and entering their total on line 3.
- Entering values in the last four columns for an asset you are not required to report in a portability-only Form 706, instead of identifying the property and leaving those columns blank.
- Listing jointly owned property here without checking whether it must be disclosed on Schedule E (Form 706), as the form's note directs.
- Not carrying the line 4 total to Form 706, Part V, item 2.
- Omitting the CUSIP number, or for a trust, partnership or closely held entity the EIN, from column (iii).
Frequently asked questions
What is Schedule B (Form 706)?
Schedule B (Form 706), Stocks and Bonds, is the IRS schedule attached to Form 706 that lists the stocks and bonds included in the decedent's gross estate, with their identification and values, and totals them for Form 706, Part V, item 2.
Do I file Schedule B (Form 706) by itself?
No. The form says to attach it to Form 706, so it is submitted with that return. It has no separate address, due date or filing channel printed on it; the Form 706 instructions at www.irs.gov/Form706 cover filing.
Where does the line 4 total go?
Line 4 adds line 2 (the total of column (vi) or (vii), as applicable) and line 3 (the total from Schedule(s) W or additional statements). The form says to enter that result on Form 706, Part V, item 2.
What if I have more stocks and bonds than fit on line 1?
Attach Schedule(s) W (Form 706) or additional statements, as the form says when more space is needed. Enter the total from those attachments on line 3, and it is added into the line 4 total.
Do I fill in the value columns if I am only electing portability?
Possibly not. If the gross estate plus adjusted taxable gifts is below the basic exclusion amount and Form 706 is filed solely to elect DSUE portability, you may not need to report assets eligible for the marital or charitable deduction. Then identify the property and leave the last four columns blank.
What goes in column (iii) of Schedule B (Form 706)?
The CUSIP number of the stock or bond. If the holding is in a trust, partnership or closely held entity, enter its EIN instead. Column (ii) separately carries the description, including face amount of bonds or number of shares and par value.
Where do I find the instructions for this schedule?
The IRS publishes the instructions and latest information at www.irs.gov/Form706, the address printed on the schedule. The Privacy Act and Paperwork Reduction Act notice is in the Instructions for Form 706.
Can I fill out Schedule B (Form 706) online?
Yes. You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is an independent service and does not file anything with the IRS; the schedule goes in with Form 706 through the IRS channels.
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