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Note. Unless specifically exempted by List interest and dividends on each Schedule B—Stocks and stock or bond on a separate line. an estate tax provision of the Code, Bonds bonds that are exempt from federal Indicate as a separate item income tax are not exempt from estate dividends that have not been collected Before completing Schedule B, tax. You should list these bonds on at death and are payable to the see the examples illustrating the Schedule B. decedent or the estate because the alternate valuation dates being TIP decedent was a stockholder of record Public housing bonds includible in adopted and not being adopted, below. on the date of death. However, if the the gross estate must be included at stock is being traded on an exchange their full value. If the total gross estate contains any and is selling ex-dividend on the date of stocks or bonds, you must complete If you paid any estate, inheritance, the decedent’s death, do not include Schedule B and file it with the return. legacy, or succession tax to a foreign the amount of the dividend as a country on any stocks or bonds separate item. Instead, add it to the included in this schedule, group those On Schedule B, list the stocks and ex-dividend quotation in determining stocks and bonds together and label bonds included in the decedent’s gross the FMV of the stock on the date of the them “Subjected to Foreign Death estate. Number each item in the decedent’s death. Dividends declared Taxes.” left-hand column. on shares of stock before the death of Schedule B Examples Example showing use of Schedule B where the alternate valuation is not adopted; date of death, January 1, 2011 Description, including face amount of bonds or number of shares and par value Alternate Value at Item where needed for identification. Give CUSIP number. If trust, partnership, or valuation Alternate date of number closely held entity, give EIN. Unit value date value death CUSIP number or EIN, where applicable 1 $60,000-Arkansas Railroad Co. first mortgage 4%, 20-year bonds, due 2012. Interest payable quarterly on Feb. 1, May 1, Aug. 1, and Nov. 1; N.Y. Exchange . . . . . . . . . . . . . . . XXXXXXXXX 100 - - - - - - - $- - - - - - - $ 60,000 Interest coupons attached to bonds, item 1, due and payable on Nov. 1, 2010, but not cashed at date of death . . - - - - - - - - - - - - - - - - - - - - - 600 Interest accrued on item 1, from Nov. 1, 2010, to Jan. 1, 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - - - - - - - - - - - - - - - - - - - - 400 2 500 shares Public Service Corp., common; N.Y. Exchange XXXXXXXXX 110 - - - - - - - - - - - - - - 55,000 Dividend on item 2 of $2 per share declared Dec. 10, 2010, payable on Jan. 9, 2011, to holders of record on Dec. 30, 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - - - - - - - - - - - - - - - - - - - - 1,000 Example showing use of Schedule B where the alternate valuation is adopted; date of death, January 1, 2011 Item Description, including face amount of bonds or number of shares and par value Alternate Value at number where needed for identification. Give CUSIP number. If trust, partnership, or valuation Alternate date of closely held entity, give EIN. Unit value date value death CUSIP number or EIN, where applicable 1 $60,000-Arkansas Railroad Co. first mortgage 4%, 20-year bonds, due 2012. Interest payable quarterly on Feb. 1, May 1, Aug. 1, and Nov. 1; N.Y. Exchange . . . . . . . . . . . . . . . . XXXXXXXXX 100 - - - - - - $- - - - - - $ 60,000 $30,000 of item 1 distributed to legatees on Apr. 1, 2011 . . 99 4/1/11 29,700 - - - - - - $30,000 of item 1 sold by executor on May 1, 2011 . . . . . . 98 5/1/11 29,400 - - - - - - Interest coupons attached to bonds, item 1, due and payable on Nov. 1, 2010, but not cashed at date of death. Cashed by executor on Feb. 2, 2011 . . . . . . . . . . . . . . . . - - - - - - 2/2/11 600 600 Interest accrued on item 1, from Nov. 1, 2010, to Jan. 1, 2011. Cashed by executor on Feb. 2, 2011 . . . . . . . . . . . . - - - - - - 2/2/11 400 400 2 500 shares Public Service Corp., common; N.Y. Exchange XXXXXXXXX 110 - - - - - - - - - - - - 55,000 Not disposed of within 6 months following death . . . . . . . . 90 7/1/11 45,000 - - - - - - Dividend on item 2 of $2 per share declared Dec. 10, 2010, paid on Jan. 9, 2011, to holders of record on Dec. 30, 2010 - - - - - - 1/9/11 1,000 1,000 -17- Part Instructions