|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
F,WA,TX |
7,416,691.13 |
7,416,691.13 |
$483,003.50 |
|
Schedule A—Real Estate |
347,920.00 |
|
|
$50,159.81
|
|
|
|
369,779.71 |
369,779.71 |
$15,131.31
|
|
Schedule B—Stocks and Bonds |
4,959,808.48 |
|
$33,600.68
|
$30,125.11
|
46,684.24 |
722,406.32 |
$1,119,497.76
|
|
|
7,046,911.42
|
7,046,911.42
|
$467,872.19
|
|
Schedule C—Mortgages, Notes, and Cash |
1,259,015.65 |
|
|
|
|
|
|
|
|
7,046,911.42
|
7,046,911.42
|
$7,242,431.13 |
|
Schedule D—Insurance on the Decedent’s Life
(attach Form(s) 712) |
15,000.00 |
|
|
|
|
FED |
|
|
|
3,299,255.71
|
$3,516,601.28
|
7,416,691.13
|
|
Schedule E—Jointly Owned Property (attach
Form(s) 712 for life insurance) |
42,509.67
|
|
$33,600.68
|
|
IRA |
IRD |
Calculations |
|
ALL |
TAX FREE |
|
3,299,255.71
|
$229,800.00 |
97.6504% |
|
Schedule F—Other Miscellaneous Property
(attach Form(s) 712 for life insurance) |
70,031.00
|
|
$33,600.68
|
|
Other IRD |
|
|
|
AT&T |
$135.63 |
|
345,800.00 |
$3,286,801.28
|
471,655.01
|
|
Schedule G—Transfers During Decedent’s Life
(att. Form(s) 712 for life insurance) |
|
8.00 |
$33,600.68
|
46,684.24 |
Total |
|
|
|
|
Bellsouth |
$360.00 |
|
2,953,455.71
|
$644,004.66
|
471,655.01
|
|
Schedule H—Powers of
Appointment Schedule |
|
|
|
|
7,416,691.13
|
Estate |
|
|
|
Morgan Stanley |
$358.80 |
|
$644,004.66
|
483,003.50
|
7,416,691.13 |
542,491.14 |
|
Schedule I—Annuities |
722,406.32
|
IRA VALUE: |
|
4 |
7,370,006.89
|
Estate-IRD |
|
|
|
Muni 37 |
$345.83 |
$345.83 |
|
2,470,452.21
|
$174,260.00 |
(70,836.13) |
|
TOTAL ESTATE |
7,416,691.13
|
|
369,779.71 |
Expenses |
|
State |
|
|
Muni 153 |
$17.69 |
$17.69 |
|
2,470,452.21
|
$644,004.66 |
|
|
|
|
7,000,227.18
|
7,000,227.18
|
60000 |
6,940,227.18
|
Taxable estate |
|
Muni 124 |
$14.00 |
$14.00 |
|
2,753,207.60 |
$15,131.31 |
|
|
|
|
|
2,500,000.00 |
|
6,040,000.00 |
|
|
SBC Comm. |
$908.00 |
|
Refund |
282,755.39
|
$628,873.35 |
|
|
|
|
|
4,500,227.18
|
|
900,227.18
|
|
|
Verizon |
$544.39 |
|
$628,873.35
|
|
|
SCHEDULE
J -- Funeral Expenses and Expenses |
349,238.54
|
|
x50% |
2,250,113.59
|
|
0.13 |
|
|
Muni 146 |
$5.83 |
$5.83 |
Trusts |
$913,331.96
|
$15,131.31
|
|
|
SCHEDULE K -- Debts of Decedent |
20,425.61 |
369,664.15 |
|
|
1,025,800.00 |
|
115,229.08
|
|
|
Muni 148 |
$57.50 |
$57.50 |
|
3,932,454.54
|
$14,518.48 |
|
|
SCHEDULE L -- Losses and Expenses |
115.56
|
|
7,756,551.76 |
3,275,913.59
|
|
522,800.00 |
|
|
CMD FUND |
$1,037.64 |
|
$612.83
|
|
|
Total Debts, Expense and Losses |
369,779.71
|
|
|
3,654,075.88 |
(345,800.00) |
|
638,029.08
|
|
|
CMD Fund Tax Free |
$1,040.19 |
$1,040.19 |
|
349,238.54 |
0.00 |
|
|
|
|
|
2,930,113.59
|
|
0.75 |
|
|
Bone |
$119.34 |
|
369,664.15 |
$612.83
|
|
|
Taxable Estate |
7,046,911.42
|
2,500,000.00 |
1,025,800.00 |
4,546,911.42
|
|
478,521.81
|
|
478,521.81
|
|
|
BOA |
$11.77 |
|
369,779.71 |
|
|
Tentative TAX |
3,299,255.71
|
|
50.00% |
|
2,451,591.78
|
Tax w/o IRD |
|
|
|
IRA |
46,684.24 |
|
WA |
0.00 |
|
|
Unified Credit |
345,800.00 |
|
2,273,455.71
|
|
|
|
|
|
$51,640.85
|
$1,481.04 |
TX |
#REF! |
$15.32
|
|
|
2,953,455.71
|
|
1,025,800.00 |
|
2,470,452.21
|
Tax w IRD |
|
|
|
Taxable |
$50,159.81
|
|
$628.15
|
|
|
(483,003.50) |
|
3,299,255.71
|
|
2,451,591.78
|
Tax w/o IRD |
|
|
|
|
|
|
|
2,470,452.21
|
|
$644,004.66
|
|
18,860.43
|
Difference |
$6,286.81
|
one third |
|
|
|
|
75.00% |
|
|
Already paid |
2,753,207.60 |
|
$483,003.50
|
|
TOTAL IRD DEDUCTION |
18,860.43
|
|
|
REFUND |
282,755.39
|
|
|
|
TOTAL IRD |
46,684.24 |
|
|
|
|
|
|
|
276927.716 |
State Credit |
|
|
State Credit |
|
|
|
|
|
$644,004.66
|
7,046,911.42
|
7,046,911.42
|
2,040,000.00 |
2,540,000.00 |
106,800.00 |
8.00% |
|
|
|
|
60,000.00 |
60,000.00 |
2,540,000.00 |
3,040,000.00 |
146,800.00 |
8.80% |
|
|
|
6,986,911.42
|
6,986,911.42
|
3,040,000.00 |
3,540,000.00 |
190,800.00 |
9.60% |
|
|
|
6,040,000.00 |
7,040,000.00 |
3,540,000.00 |
4,040,000.00 |
238,800.00 |
10.40% |
|
|
|
946,911.42
|
(53,088.58) |
4,040,000.00 |
5,040,000.00 |
290,800.00 |
11.20% |
|
|
|
12.80% |
13.60% |
5,040,000.00 |
6,040,000.00 |
402,800.00 |
12.00% |
|
|
|
121,204.66
|
(7,220.05) |
6,040,000.00 |
7,040,000.00 |
522,800.00 |
12.80% |
|
|
|
522,800.00 |
650,800.00 |
7,040,000.00 |
8,040,000.00 |
650,800.00 |
13.60% |
|
|
|
644,004.66
|
643,579.95
|
8,040,000.00 |
9,040,000.00 |
786,800.00 |
14.40% |
|
|
542491.14 |
|
9,040,000.00 |
10,040,000.00 |
930,800.00 |
15.20% |
|
|
101,513.52
|
|
10,040,000.00 |
- -
- - - - - |
1,082,800.00 |
16.60% |
|
|
|
$15,131.31
|
|
|
|
628,873.35
|
|
|
|
0.976504 |
|
|
|
628873.1278 |
|
$7,061,336.35 |
|
|
|
542491.14 |
|
|
|
86381.9878 |
|
542491.14 |
473007.2709 |
69483.8691 |
|
|
|
|
$7,046,911.42
|
60000 |
$6,986,911.42
|
$174,260.00 |
0.976504347 |
|
$628,873.35
|
|
|
|
|
$3,000,000.00 |
|
6040000 |
$7,416,691.13 |
|
|
|
|
$4,046,911.42
|
|
$946,911.42
|
$644,004.66
|
|
|
|
|
55.00% |
|
0.128 |
$15,131.31
|
$14,518 |
$612.83
|
|
|
|
|
$2,225,801.28
|
|
$121,204.66
|
$628,873.35
|
|
$30.64
|
|
|
|
|
$1,290,800.00 |
|
522800 |
|
$15.32 |
|
|
|
|
$3,516,601.28
|
|
$644,004.66
|
|
$628.15
|
|
|
|
|
$229,800.00 |
|
|
|
|
$3,286,801.28
|
|
484388.29 |
|
|
|
|
($15,131.31) |
|
|
|
|
469256.9801 |
|
|
|
|
$7,242,431.13
|
|
|
|
|
|
|
|
|
|
|
|
73,366.85 |
|
|
0.05 |
|
|
3,851.76
|
|
|
1,925.88
|
|
|
82,659.58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PART 4 |
|
|
Joint |
Insurance |
Personal |
|
|
|
|
|
|
|
|
|
|
|
|
J |
|
|
|
5000 |
11649.66667 |
0 |
$16,649.67
|
|
$16,649.67
|
|
|
16,649.67
|
J |
|
|
|
R |
5525.67 |
0.09 |
5525.76 |
5000 |
11649.66667 |
0 |
$22,175.43
|
|
$22,175.43
|
|
|
22,175.43
|
R |
|
|
|
T |
32007.92 |
9.07 |
32016.99 |
5000 |
11649.66667 |
0 |
$48,666.66
|
|
$48,666.66
|
|
|
48,666.66
|
T |
|
|
|
A |
4950.26 |
16.66 |
4966.92 |
|
$4,966.92 |
|
$4,966.92 |
|
|
4,966.92 |
A |
|
|
|
|
|
42509.67 |
15000 |
$34,949.00
|
0 |
$92,458.67
|
|
1100000 |
|
1,192,458.67
|
|
|
|
|
|
|
|
33949 |
|
|
|
|
366,666.66 |
R GST |
|
|
|
|
|
$6,954,452.75
|
$5,854,452.75
|
|
|
|
366,666.67 |
J GST |
|
|
|
|
|
$1,951,484.25
|
$5,854,452.75
|
|
$644,004.66
|
|
366,666.67 |
T GST |
|
|
|
|
|
$7,046,911.42
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,046,911.42
|
2,470,452 |
$644,004.66
|
2,739,995.87 |
|
|
|
|
|
|
|
913,331.96
|
2,739,995.87
|
REG/3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,932,454.54
|
TOT |
|
|
|
|
$0.56
|
|
|
|
|
$0.56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per Return |
Less IRD |
|
|
Part 4, line 5 |
|
|
|
Ins |
15,000.00 |
|
|
Misc |
34,949.00
|
|
$7,391,611.13 |
|
|
|
|
|
|
|
|
Total |
49,949.00 |
|
50,159.81 |
|
|
FED |
|
|
|
|
16,649.67
|
|
Gross Estate |
$7,391,611.13
|
$7,341,451.32 |
|
|
|
IRA |
IRD |
Calculations |
|
|
|
R |
J |
T |
|
Deductions |
($355,354.78) |
($355,354.78) |
|
|
|
Other IRD |
|
|
|
|
16,649.67
|
16,649.67
|
16,649.67
|
|
Taxable Estate |
$7,036,256.35
|
$6,986,096.54
|
|
|
50,159.81 |
Total |
|
|
|
|
5,525.76
|
|
$32,016.99
|
|
Tentative Tax |
$3,293,928.17 |
$3,268,848.27 |
|
|
7,391,611.13 |
Estate |
|
|
|
|
22,175.43
|
16,649.67
|
48,666.66
|
|
Unified Credit |
($345,800.00) |
($345,800.00) |
|
|
7,341,451.32
|
7,341,451.32 |
Estate-IRD |
|
|
|
|
|
|
State Credit |
($481,980.61) |
($477,165.27) |
|
|
355,354.78 |
Expenses |
|
State |
|
|
|
|
|
Tax |
$2,466,147.56
|
$2,445,883.00
|
$20,264.56
|
|
6,986,096.54
|
6,986,096.54
|
60000 |
6,926,096.54 |
Taxable estate |
|
|
87,491.75
|
|
|
2,500,000.00 |
|
6,040,000.00 |
|
|
|
4,966.92
|
|
$2,466,147.56 |
|
|
4,486,096.54
|
|
886,096.54 |
|
|
|
1,100,000.00 |
|
$2,445,883.00
|
|
7,341,451.32
|
50.00% |
2,243,048.27
|
|
0.13 |
|
|
|
1,192,458.67
|
|
$20,264.56
|
|
60000 |
|
1,025,800.00 |
|
113,420.36 |
|
|
|
2,953,455.71
|
|
7,281,451.32
|
7,756,551.76 |
3,268,848.27
|
|
522,800.00 |
|
|
|
4,145,914.38
|
|
3,654,075.88 |
(345,800.00) |
|
636,220.36 |
|
|
|
7,046,911.42
|
|
|
2,923,048.27
|
|
0.75 |
|
|
|
2,900,997.04
|
|
ALL |
TAX FREE |
|
|
477,165.27 |
|
477,165.27 |
|
|
|
966,999.01
|
|
AT&T |
$135.63 |
|
|
2,445,883.00 |
Tax w/o IRD |
|
|
|
|
|
|
Bellsouth |
$360.00 |
|
|
|
|
|
|
|
|
Morgan Stanley |
$358.80 |
|
|
2,466,147.56 |
Tax w IRD |
|
|
|
|
7,046,911.42
|
|
Muni 37 |
$345.83 |
$345.83 |
|
|
2,445,883.00 |
Tax w/o IRD |
|
|
|
|
2,953,455.71
|
0.4191135 |
|
Muni 153 |
$17.69 |
$17.69 |
|
|
20,264.56 |
Difference |
|
|
|
|
4,093,455.71
|
|
Muni 124 |
$14.00 |
$14.00 |
|
|
(1,100,000.00) |
|
SBC Comm. |
$908.00 |
|
|
(87,491.75) |
|
Verizon |
$544.39 |
|
|
(4,966.92) |
|
Muni 146 |
$5.83 |
$5.83 |
|
|
2,900,997.04
|
966999.0128 |
|
Muni 148 |
$57.50 |
$57.50 |
|
|
|
|
CMD FUND |
$1,037.64 |
|
|
|
|
CMD Fund Tax Free |
$1,040.19 |
$1,040.19 |
|
|
969,403.17 |
|
Bone |
$119.34 |
|
|
969,403.17 |
|
BOA |
$11.77 |
|
|
969,403.17 |
|
IRA |
30,125.11 |
|
|
1,100,000.00 |
|
|
$35,081.72
|
$1,481.04
|
|
|
4,966.92 |
|
Taxable |
$33,600.68
|
|
|
87,491.75 |
|
|
|
|
|
4,100,668.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|