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Form 706 Jurupa Valley California: What You Should Know

The gross estate includes, but is not limited to, the following: The gross estate does not include the decedent's gross income, interest income (or gains, if any), gains, and/or gains on the sale of the decedent's business or property. The gross estate also does not include the amount of the surviving spouse's taxable income, any income received from a trust, any trust funds derived from the decedent, or any interest in the business. The gross estate includes the amount of the spouse's income, estate tax and gains, and any non-exempt income of the decedent as a qualifying individual, but not that would not be includible in gross estate. The gross estate also does not include any income from sources other than property such as interest from other corporations and interest from other trusts. In order for this information to be included in the gross estate, the following must be prescribed. The gross estate also does not include the decedent's net assets at the time of death. This is an information-supplement only and applies to estates that died on or after April 24, 2015, under the rules relating to death and federal estate taxes. For more information, contact your For decedent's gross estate, the gross estate includes the amount of all the inheritor's taxable income. The decedent's gross estate and, if any, any net inheritor's income (other than the decedent's net assets at the time of death), are prescribed income of the estate that must be includible in gross estate to compute the Gross Estate = The Decedent's Income Source Deduction The decedent's gross estate is subject to a deductible deduction, which is a gross estate that is not part of a non-deductible gift.

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