Form Ct 706 Nt – Fill Out and Use This PDF

The Connecticut Form CT-706 NT is a document designed for the Connecticut Estate Tax Return specifically for nontaxable estates. This form is utilized to report the assets and transactions of deceased individuals' estates that fall below the taxable threshold, as prescribed by Connecticut law. For estates of decedents who passed away in the calendar year 2021, the form serves as an essential tool to ensure proper compliance with state requirements and to avoid penalties for non-compliance. Ready to file the Form CT-706 NT for an estate? Click the button below to get started with the process.

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Form Ct 706 Nt PDF Details

Understanding the CT-706 NT form is essential for executors and beneficiaries dealing with estates in Connecticut, particularly when navigating the complexities of estate taxes for nontaxable estates. This form, specifically designed for the estates of decedents who passed away during the calendar year 2021, serves as the Connecticut Estate Tax Return for Nontaxable Estates. It requires detailed information, including the decedent's personal details, such as their Social Security Number and legal residence, and an itemized list of the estate's assets - ranging from real estate and securities to life insurance proceeds and gifts made prior to death. The form also inquires about the decedent's interests in jointly owned property, any trusts they might have established, and any taxable gifts made within the specified years before their passing. Moreover, it includes sections for calculating the Connecticut taxable estate, which involves understanding deductions allowable for federal estate tax purposes and adding the value of current and prior year taxable gifts. Executors and authorized representatives must approach the CT-706 NT form with a comprehensive understanding of the decedent’s assets and the tax implications to ensure accurate and lawful handling of the estate, emphasizing the importance of reading the instructions carefully and attaching required schedules and declarations, all while keeping in mind the legal implications and the necessity for thorough documentation.

Question	Answer
Form Name	Form Ct 706 Nt
Form Length	5 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min 15 sec
Other names	portal.ct.gov-media2021 Form CT-706 NT Instructions Connecticut Estate Tax ...

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File Only With	Form CT-706 NT
Probate Court	Connecticut Estate Tax Return (for Nontaxable Estates)

State of Connecticut

(Rev. 06/21)	For estates of decedents dying during calendar year 2021 (Read instructions before completing this form.) Do not use staples.

Decedent’s last name		First name and middle initial		Social Security Number (SSN)
				•	•
				•	•	__ __ __ __
				__ __ __ •	__ __ •	__ __ __ __
				•	•
Address	Number and street		PO Box	Federal Employer ID Number (FEIN) if applicable

City, town, or post office		State	ZIP code	Date of death

Legal residence (domicile) (county and state)			Check if amended return.	Connecticut Probate Court
			Check if amended return.

Residency:	 Connecticut resident	Nonresident - Attach Form C-3 UGE, STATE OF CONNECTICUT DOMICILE DECLARATION.

Section 1 General Questions Check the appropriate box for each question below.

1. At the time of death, did the decedent own or have an interest in					6. Did the decedent have an interest in life insurance on the life of another?
	any of the following sole ownership property? If Yes, report the					If Yes, report the cash surrender value in Section 3, Part 1.
	property in Section 3, Part 1.		 Yes	 No			 Yes	 No
	a. Real estate				7.	Did the decedent have an interest in life insurance on his or her
	b. Securities		 Yes	 No		life? If Yes, report the entire proceeds in Section 3, Part 3.
	c. Bank accounts		 Yes	 No			 Yes	 No
	d. Other personal property		 Yes	 No	8.	During his or her life, did the decedent make any transfers of
2. At the time of death, did the decedent own or have an interest in						real property to another retaining a life use for himself or herself
						or continued to have any use in the property? If Yes, complete
	any of the following property owned jointly with right of survivorship?
						Section 3, Part 2.	 Yes	 No
	If Yes, report the property in Section 3, Part 2.
			 Yes	 No
	a. Real estate				9. Did the decedent make any taxable gifts (within the meaning of IRC
	b. Securities		 Yes	 No		§ 2503) on or after January 1, 2005, but before January 1, 2021?
						If Yes, complete SCHEDULE B (NT).	 Yes	 No
	c. Bank accounts		 Yes	 No
					10.Did the decedent make any taxable gifts (within the meaning
	d. Other personal property		 Yes	 No
						of IRC § 2503) during calendar year 2021? If Yes, complete
3. Are any amounts due to a beneficiary or this decedent’s estate
						SCHEDULE A (NT) and attach.	 Yes	 No
	from a pension, stock-bonus or profit-sharing plan, or an annuity?				11. Was a disclaimer filed in this estate? If Yes, submit a copy of each
	If Yes, report that amount in Section 3, Part 2.		 Yes	 No
						disclaimer.	 Yes	 No

4. Did the decedent create any trusts, including trustee bank accounts,					12. Is the estate required to file a federal Form 706, United States
	during his or her life? If Yes, attach a copy of the trust(s) and report
	the value of the trust(s) in Section 3, Part 2.		 Yes	 No		Estate (and Generation-Skipping Transfer) Tax Return? See
						instructions.	 Yes	 No

5. Does the estate elect special-use valuation? See instructions.					13. Was the decedent a beneficiary of a trust for which a QTIP election
			 Yes	 No
						was made? See instructions.	 Yes	 No


	Section 2	Connecticut Taxable Estate Computation

1.	Total gross estate for Connecticut estate tax purposes: Enter total from Section 4, Line 4	1.
2.	Allowable estate tax deductions for federal estate tax purposes other than deduction
	allowable for state death taxes under IRC § 2058: See Instructions	2.
3.	Subtract Line 2 from Line 1	3.
4.	Current year Connecticut taxable gifts from SCHEDULE A (NT), Line 9: Attach copy of federal Form 709	4.
5.	Prior year Connecticut taxable gifts made on or after January 1, 2005, but before January 1, 2021:
	Attach a copy of federal Form 709 for each year listed in SCHEDULE B (NT)	5.
6.	Connecticut taxable estate: Add Lines 3, 4, and 5. See Instructions	6.

Declaration: I declare under penalty of law that I have examined this return (including any accompanying schedules and statements) and, to the best of my knowledge and belief, it is true, complete, and correct. I understand that the representations contained herein are made under the penalties of false statement as provided in Conn. Gen. Stat. §§ 53a-157b. The declaration of a paid preparer other than the taxpayer is based on all information of which the preparer has any knowledge.

Fiduciary’s name				Attorney or authorized representative’s name

Signature of fiduciary			Date	Signature of attorney or authorized representative		Date

Address				Firm name and address

City		State	ZIP code	City	State	ZIP code

Telephone number				Telephone number
–	–			–	–

			Confidential — Not Subject	to Disclosure or Inspection

Visit us at portal.ct.gov/DRS for more information.

Section 3 Property and Proceeds Reported for Connecticut Estate Tax Purposes

Part 1 - Solely-Owned Property

	A	B		C	D	E
	ITEM	Description of All Property and Two-Letter Abbreviation of State Where Located		Decedent’s	Fair Market Value	Amount of
	NO.	If real property, list the complete address. Include all property, real or personal, tangible or intangible,		% of	at Date of Death	Column D
				Ownership		Passing to Spouse
		wherever located. If necessary, attach additional sheet(s) and continue with Item 1F.	State
1.	1A			100%

2.	1B			100%

3.	1C			100%

4.	1D			100%

5.	1E			100%

6.	Subtotal from continuation sheets.

7.	Total: Add all amounts for Column D and Column E.

Part 2 - Jointly-Owned Property and Property Passing Other Than by Will or Laws of Intestacy

	A	B		C	D	E	F
	ITEM	Description ofAll Property and Two-LetterAbbreviation of State Where Located		Fair Market Value	Percentage	Includible Value	Amount of
	NO.	If real property, list the complete address. Include all property, real or		at Date of Death	Includible	Attributed to This	Column E
							Passing to Spouse
		personal, tangible or intangible, wherever located. If necessary, attach				Estate	Passing to Spouse
		additional sheet(s) and continue with Item 2F.	State			(Col. C x Col. D)

8.	2A				%

9.	2B				%

10.	2C				%

11.	2D				%

12.	2E				%

13.Subtotal from continuation sheets.

14.Total: Add all amounts for Column E and Column F.

Part 3 - Life Insurance Proceeds on the Life of the Decedent

A	B	C	D
ITEM	Description of Life Insurance	Life Insurance Value	Amount of
		Report the entire
NO.	Attach copy of federal Form 712 for each policy. If necessary, attach additional sheet(s) and continue with		Column C
		proceeds from
			Passing to Spouse
	Item 3F.	each policy.

15.3A

16.3B

17.3C

18.3D

19.3E

20.Subtotal from continuation sheets.

21.Total: Add all amounts for Column C and Column D.

Form CT-706 NT (Rev. 06/21)

Page 2 of 5

Visit us at portal.ct.gov/DRS for more information.

Section 4

Total Gross Estate as It Would Be Valued for Connecticut Estate Tax Purposes

1.	Enter amount from Section 3, Part 1, Column D, Line 7	1.
1.	Enter amount from Section 3, Part 1, Column D, Line 7	1.

2.	Enter amount from Section 3, Part 2, Column E, Line 14	2.

3.	Enter amount from Section 3, Part 3, Column C, Line 21	3.

4.	Total gross estate for Connecticut estate tax purposes:
	Add Lines 1 through 3. Enter here and on Section 2, Line 1	4.

Section 5

For Resident Estates - Basis for Probate Fees

Part 1 - Real and Tangible Personal Property Located Outside Connecticut

1.Total value of real and tangible personal property located outside Connecticut reported in

Section 3, Part 1, Column D

2.Total value of real and tangible personal property located outside Connecticut reported in

Section 3, Part 2, Column E

3.Total value of real and tangible personal property located

	outside Connecticut: Add Line 1 and Line 2	3.
Part 2 - Amount Passing to Spouse
1.	Enter amount from Section 3, Part 1, Column E, Line 7	1.
2.	Enter amount from Section 3, Part 2, Column F, Line 14	2.
3.	Enter amount from Section 3, Part 3, Column D, Line 21	3.
4.	Total amount to spouse: Add Lines 1 through 3	4.
5.	Enter amount from Section 5, Part 1, Line 1, passing to spouse	5.
6.	Enter amount from Section 5, Part 1, Line 2, passing to spouse	6.

7.Total amount of real and tangible personal property located outside

Connecticut passing to spouse: Add Line 5 and Line 6

Section 6

For Nonresident Estates Only - Basis for Probate Fees

Part 1 - Real and Tangible Personal Property Located in Connecticut

1.Total value of real and tangible personal property located in Connecticut

reported in Section 3, Part 1, Column D

2.Total value of real and tangible personal property located in Connecticut

reported in Section 3, Part 2, Column E

3.Total value of real and tangible personal property located

	in Connecticut : Add Line 1 and Line 2	3.
Part 2 - Amount Passing to Spouse
1.	Enter amount from Section 6, Part 1, Line 1, passing to spouse	1.
2.	Enter amount from Section 6, Part 1, Line 2, passing to spouse	2.

3.Total amount of real and tangible personal property located

in Connecticut passing to spouse: Add Line 1 and Line 2

Form CT-706 NT (Rev. 06/21)

Page 3 of 5

Visit us at portal.ct.gov/DRS for more information.

Schedule A (NT) Computation of Current Year Connecticut Taxable Gifts

A	B	C	D	E	F	G
Item	Gifts Subject to Gift Tax	Adjusted	Date	Value at Date of Gift	Split Gifts Only	Net Transfer
No.	• Donee’s name, address, SSN, relationship to	Basis of Gift	of Gift	Enter the fair market	For split gifts, enter	Subtract
	decedent, if any;			value at the date	1/2 of Column E.	Column F from
	• Gift description: If gift was made by means of a			the gift was made.		Column E.
	trust, enter trust’s identifying number. If gift was
	securities, enter CUSIP number(s), if available.

•Do not list Connecticut taxable gifts that are includable in the decedent’s gross estate.

Gifts Made by Spouse - Complete only if decedent split gifts with his or her spouse and the spouse also made gifts.

1.	Total gifts: Add the value of all gifts listed in Column G and enter here	1.
2.	Total annual exclusion for present interest gifts listed on SCHEDULE A (NT): See instructions. ...	2.
3.	Subtract Line 2 from Line 1	3.

Deductions

4.Gifts to spouse for which a marital deduction is claimed: Enter item No(s).

	from SCHEDULE A (NT) ____________________ .	4.	00

5.	Exclusions attributable to gifts on Line 4	5.	00

6.	Marital deduction: Subtract Line 5 from Line 4. ..	6.	00
7.	Charitable deductions less exclusions: Enter
7.	Charitable deductions less exclusions: Enter
	item numbers from SCHEDULE A (NT) ________ .	7.	00
8.	Total deductions: Add Line 6 and Line 7		8.
9.	Connecticut current year taxable gifts:
	Subtract Line 8 from Line 3. Enter here and on Section 2, Line 4.		...................................... 9.

10. Did the decedent consent for federal gift tax purposes to have gifts made during the calendar year by the decedent, the decedent’s

spouse, or both, to third parties considered as made one-half by each? Yes	No
If Yes, print spouse’s name and SSN below.

Name __________________________________________________________ SSN__________________________________________________

11. Is the decedent’s spouse a U.S. citizen?	Yes	No
		
If No, did the decedent transfer any property to his or her spouse during the calendar year?
		

12. Check the box if the value of any item reported on SCHEDULE A (NT) includes a discount for lack of marketability, a minority interest, a fractional interest in real estate, blockage, market absorption, or any other discount. Attach an explanation giving the basis for the claimed discounts and showing the amount of the discounts taken.

Terminable Interest Marital Deduction as Reported for Federal Gift Tax Purposes

The decedent is bound by the election made for federal gift tax purposes. Check the box if the decedent elected for federal gift tax purposes:

13.  To include gifts of qualified terminable interest property as gifts to his or her spouse for which a marital deduction was claimed. Enter the item numbers from Column A above of the gifts for which the decedent made this election under IRC § 2523(f).______________________________________

14.  Not to treat as qualified terminable interest property any joint and survivor annuity where only the decedent and his or her spouse have the right to receive payments before the last to die. Enter the item numbers from Column A above for the annuity(ies) for which the decedent made this election under IRC § 2523(f)(6). _______________________________________________________

Continue with SCHEDULE B (NT) on Page 5.

Form CT-706 NT (Rev. 06/21)

Page 4 of 5

Visit us at portal.ct.gov/DRS for more information.

Schedule B (NT) Gifts From Prior Periods

List annual Connecticut taxable gifts (within the meaning of IRC § 2503) made on or after January 1, 2005, but prior to January 1, 2021 other than gifts that are includable in the decedent’s gross estate (See instructions).

Column A	Column B	Column C	Column D
Calendar Year of Gift	Connecticut Taxable Gifts as	Taxable Amount Included in Column B	Connecticut Taxable Gifts
	Originally Reported	for Gifts Includable in Gross Estate	(Column B minus Column C)

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Total Connecticut Taxable Gifts: Enter here and Section 2, Line 5.

Form CT-706 NT (Rev. 06/21)

Page 5 of 5

Visit us at portal.ct.gov/DRS for more information.

How to Edit Form Ct 706 Nt Online for Free

Form Ct 706 Nt can be filled in online with ease. Simply use FormsPal PDF editor to get the job done quickly. We are devoted to giving you the ideal experience with our editor by constantly adding new functions and upgrades. With these updates, working with our editor becomes better than ever! With just a few simple steps, you are able to begin your PDF editing:

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Be mindful when filling in this form. Ensure all necessary fields are done accurately.

1. It is critical to fill out the Form Ct 706 Nt correctly, hence pay close attention when filling in the areas including these blanks:

2. Given that this array of fields is completed, you should put in the required particulars in d Other personal property Are any, Was a disclaimer filed in this, Yes No, disclaimer, Did the decedent create any, Is the estate required to file a, Yes No, Does the estate elect specialuse, Yes No, Was the decedent a beneficiary of, was made See instructions, Yes No, Section Connecticut Taxable, Allowable estate tax deductions, and allowable for state death taxes so you can go further.

disclaimer, Yes No, and Yes No in Form Ct 706 Nt

People generally make mistakes when filling in disclaimer in this part. You should go over what you type in right here.

3. Completing Telephone number, Telephone number, Confidential Not Subject to, and Visit us at portalctgovDRS for is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

4. The next part will require your attention in the following areas: If real property list the complete, Ownership, Fair Market Value at Date of Death, Amount of Column D, Passing to Spouse, Subtotal from continuation sheets, Total Add all amounts for Column, Part JointlyOwned Property and, Item, Description of All Property and, If real property list the complete, Fair Market Value at Date of Death, Percentage Includible, Includible Value Attributed to This, and Estate. Be sure to enter all of the needed information to move onward.

5. And finally, the following final section is what you will have to wrap up prior to submitting the document. The blanks here are the following: A B C D E Subtotal from, Total Add all amounts for Column, Part Life Insurance Proceeds on, Item, Attach copy of federal Form for, Description of Life Insurance, A B C D E Subtotal from, Total Add all amounts for Column, Life Insurance Value Report the, proceeds from, each policy, Amount of Column C, and Passing to Spouse.

Item, proceeds from, and Amount of Column C of Form Ct 706 Nt

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