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• Date of maturity; • Interest rate; • Interest due date; • Principal exchange, if listed on an exchange; and • Nine-digit CUSIP number. If the stock or bond is unlisted, show the company's principal business office. If the gross estate includes any interest in a trust, partnership, or closely held entity, provide the EIN of the entity in the description column on Schedules B, E, F, G, M, and O. You must also provide the EIN of an estate (if any) in the description column on the above-noted schedules, where applicable. CUSIP number. The CUSIP (Committee on Uniform Security Identification Procedures) number is a nine-digit number that is assigned to all stocks and bonds traded on major exchanges and many unlisted securities. Usually, the CUSIP number is printed on the face of the stock certificate. If you do not have a stock certificate, the CUSIP may be found on the broker's or custodian's statement or by contacting the company's transfer agent. Valuation List the FMV of the stocks or bonds. The FMV of a stock or bond (whether listed or unlisted) is the mean between the highest and lowest selling prices quoted on the valuation date. If only the closing selling prices are available, then the FMV is the mean between the quoted closing selling price on the valuation date and on the trading day before the valuation date. If there were no sales on the valuation date, figure the FMV as follows. 1. Find the mean between the highest and lowest selling prices on the nearest trading date before and the nearest trading date after the valuation date. Both trading dates must be reasonably close to the valuation date. 2. Prorate the difference between the mean prices to the valuation date. 3. Add or subtract (whichever applies) the prorated part of the difference to or from the mean price figured for the nearest trading date before the valuation date. If no actual sales were made reasonably close to the valuation date, make the same computation using the mean between the bona fide bid and asked prices instead of sales prices. If actual sales prices or bona fide bid and asked prices are available within a reasonable period of time before the valuation date but not after the valuation date, or vice versa, use the mean between the highest and lowest sales prices or bid and asked prices as the FMV. For example, assume that sales of stock nearest the valuation date (June 15) occurred 2 trading days before (June 13) and 3 trading days after (June 18). On those days, the mean sale prices per share were $10 and $15, respectively. Therefore, the price of $12 is considered the FMV of a share of stock on the valuation date. If, however, on June 13 and 18, the mean sale prices per share were $15 and $10, respectively, the FMV of a share of stock on the valuation date is $13. If only closing prices for bonds are available, see Regulations section 20.2031-2(b). Apply the rules in the section 2031 regulations to determine the value of inactive stock and stock in close corporations. Attach to Schedule B complete financial and other data used to determine value, including balance sheets (particularly the one nearest to the valuation date) and statements of the net earnings or operating results and dividends paid for each of the 5 years immediately before the valuation date. Securities reported as of no value, of nominal value, or obsolete should be listed last. Include the address of the company and the state and date of incorporation. Attach copies of correspondence or statements used to determine the “no value.” If the security was listed on more than one stock exchange, use either the records of the exchange where the security is principally traded or the composite listing of combined exchanges, if available, in a publication of general circulation. In valuing listed stocks and bonds, you should carefully check accurate records to obtain values for the applicable valuation date. If you get quotations from brokers, or evidence of the sale of securities from the officers of the issuing companies, attach to the schedule copies of the letters furnishing these quotations or evidence of sale. Schedule C—Mortgages, Notes, and Cash If any assets to which the special rule of Regulations section 20.2010-2(a)(7)(ii) applies are reported on this schedule, do not enter any value in the last three columns. See the instructions for line 10 of Part 5—Recapitulation for information on how to estimate and report the value of these assets. Complete Schedule C and file it with your return if the total gross estate contains any: • Mortgages, • Notes, or • Cash. List on Schedule C: • Mortgages and notes payable to the decedent at the time of death, and • Cash the decedent had at the date of death. Note. Do not list mortgages and notes payable by the decedent on Schedule C. (If these are deductible, list them on Schedule K.) Schedule C reporting order. List the items on Schedule C in the following order. 1. Mortgages. 2. Promissory notes. 3. Contracts by decedent to sell land. 4. Cash in possession. 5. Cash in banks, savings and loan associations, and other types of financial organizations. Description Mortgages. For mortgages, list: • Face value, • Unpaid balance, • Date of mortgage, • Name of maker, • Property mortgaged, • Date of maturity, • Interest rate, and • Interest date. Mortgage description example. “Bond and mortgage of $50,000, unpaid balance: $17,000; dated: January 1, 1992; John Doe to Richard Roe; premises: 22 Clinton Street, Newark, NJ; due: January 1, 2021; interest payable at 10% a year—January 1 and July 1.” Promissory notes. For promissory notes, list in the same way as mortgages. CAUTION ! -24- Instructions for Form 706 (Rev. 09-2021)