When filing a Dc estate tax return form D 76, there are particular things you will need to have in order. The first step is to figure out the taxable estate. This is done by subtracting any debts and expenses from the fair market value of all the assets included in the estate. Once you have that number, then you apply the appropriate tax rates. In most cases, the rate will be 16 percent. However, if you are passing on an agricultural or conservation property, then the rate will be 10 percent. There are some other exemptions and deductions that may be available as well, so it is important to speak with an accountant to see what applies in your specific case.
Question | Answer |
---|---|
Form Name | Dc Estate Tax Return Form D 76 |
Form Length | 16 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 4 min |
Other names | 2011_d 76_(2) dc estate tax return instructions form |