Header and notes
The decedent's name and Social Security number, a note that generally no exclusion is allowed for estates of decedents dying after December 31, 1984, and a note on portability-only returns.
706 Sch. I
Annuities
- Agency
- IRS
- Revision
- August 2025
- Fillable fields
- 230
- Pages
- 2
- Official source
- IRS form page
- Checked
- October 21, 2026
Schedule I (Form 706): Annuities
Schedule I (Form 706), Annuities, is a schedule of Form 706, the United States Estate (and Generation-Skipping Transfer) Tax Return. The IRS says that if the decedent, immediately before death, received any type of annuity, this schedule is used to report the annuities. The form says "Attach to Form 706."
The instructions say the rules apply to all types of annuities, including pension plans, individual retirement arrangements (IRAs), purchased commercial annuities and private annuities. The schedule is completed and filed with the return if the answer to Form 706, Part IV, line 16 is "Yes." Its total goes on Form 706, Part V, item 9.
You can fill out Schedule I free in your browser on this page and download it without an account.
What's on Schedule I (Form 706)
Line 1: lump-sum distribution question
A Yes or No question on excluding a lump-sum distribution described in section 2039(f)(2), as in effect before its repeal. A Yes needs Schedule W or added statements.
Line 2: annuity table
Columns for the item number, a description showing the entire value before exclusions, the alternate valuation date, the includible alternate value and the includible value at date of death.
Page 2: continued table
The line 2 table continues on page 2 with the same five columns.
Lines 3 to 5: totals
The total of column (iv) or (v), the total from attached Schedule(s) W or statements, and the combined total entered on Form 706, Part V, item 9.
How to fill out Schedule I (Form 706)
- 1
Line 1
Answer Yes or No. The instructions say the lump-sum rules are repealed and apply only in limited pre-1985 cases. A Yes needs the names, addresses and identifying numbers of the recipients attached.
- 2
Describe each annuity
The instructions say to give the name and address of the grantor of the annuity and to say if it is under an approved plan. For a term of years, include the term and the date it began.
- 3
Ratios and exclusions
Under an approved plan, state the ratio of the decedent's contribution to the total purchase price. If the annuity is wholly or partly excluded, enter the amount excluded in column (ii) and explain how it was figured.
- 4
Values
Enter the value at the date of death in column (v). The instructions say not to enter alternate values unless alternate valuation was elected on Form 706, Part III, line 1.
- 5
Lines 3 to 5
Add column (iv) or (v), add the total from any attached Schedule(s) W, and enter the result on Form 706, Part V, item 9.
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Where it goes and deadlines
Attach to Form 706
The form says to attach Schedule I to Form 706. The line 5 total is entered on Form 706, Part V, item 9.
Where Form 706 is filed
The instructions give Department of the Treasury, Internal Revenue Service, Kansas City, MO 64999. The About page points to Filing estate and gift tax returns for the latest filing address.
When it is due
The instructions say Form 706 is filed within 9 months after the date of the decedent's death. Form 4768 is used to apply for an automatic 6-month extension of time to file.
More space
The form says that if more space is needed, attach Schedule(s) W (Form 706) or additional statements.
Portability-only returns
The form says that when Form 706 is filed solely to elect portability, some assets eligible for the marital or charitable deduction may be identified with no entries in the last three columns.
Related forms
706
United States Estate (and Generation-Skipping Transfer) Tax Return
316 fields, 5 pages
706 Sch. W
Continuation Schedule for Form 706 Schedules
303 fields, 2 pages
706 Sch. M
Bequests, etc., to Surviving Spouse
157 fields, 2 pages
706 Sch. R-1
Generation-Skipping Transfer Tax
121 fields, 3 pages
706 Sch. G
Transfers During the Decedent's Lifetime
268 fields, 2 pages
4768
Application for Extension of Time To File a Return and/or Pay U.S. Estate (and Generation-Skipping Transfer) Taxes
35 fields, 1 page
Who fills out Schedule I (Form 706)?
The executor of a decedent's estate completes Schedule I as part of Form 706. It is not a form an individual files for their own taxes.
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Questions about Form 706 Sch. I
What counts as an annuity on Schedule I?
The instructions say an annuity consists of one or more payments extending over any period of time. The payments may be equal or unequal, conditional or unconditional, periodic or sporadic.
Are Social Security benefits reported on Schedule I?
The instructions say Social Security benefits are not includible in the gross estate even if the surviving spouse receives benefits.
What if the decedent paid only part of the purchase price?
The instructions say to include only the part of the annuity's value that the decedent's contribution bears to the total purchase price. Their example: 75% of a $20,000 survivor's annuity is $15,000.
Can a pension annuity be excluded?
The form says generally no exclusion is allowed for the estates of decedents dying after December 31, 1984. The instructions say the repealed exclusion rules apply only in limited cases tied to 1984 and earlier.
Where does the Schedule I total go?
The form says to add lines 3 and 4 and enter the amounts on Form 706, Part V, item 9.