Pennsylvania Schedule B - Stocks and Bonds

Schedule B - Stocks and Bonds
Schedule B - Stocks & Bonds/Schedule D - Mortgages & Notes Receivable  (REV-1737-3)
INHERITANCE TAX RETURN
NONRESIDENT DECEDENT

SCHEDULE B
STOCKS & BONDS

REV-1737-3 (EX) 09-18
START

ESTATE OF

➜

ITEM
NUMBER

VALUE AT DATE
OF DEATH

DESCRIPTION

TOTAL (Enter on Page 2, Line 2 of REV-1737-A)

$

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INHERITANCE TAX RETURN
NONRESIDENT DECEDENT

REV-1737-3 (EX) 09-18

SCHEDULE D
MORTGAGES & NOTES
RECEIVABLE

ESTATE OF

ITEM
NUMBER

VALUE AT DATE
OF DEATH

DESCRIPTION

TOTAL (Enter on Page 2, Line 4 of REV-1737-A)

$

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Pennsylvania Department of Revenue

Instructions for REV-1737-3 Schedule B/Schedule D

Stocks and Bonds/Mortgages & Notes Receivable

REV-1737-3 IN (EX) 09-18

SCHEDULE B
GENERAL INFORMATION
PURPOSE
Use REV-1737-3, Schedule B to report all stocks and
bonds held by the decedent solely or as tenant-in- common
on the date of the decedent’s death.
IMPORTANT: Complete Schedule B ONLY when the
proportionate method of tax computation is elected.

SCHEDULE INSTRUCTIONS
ESTATE OF
Enter the complete name of the estate as shown on the
REV-1737-A, Pennsylvania Inheritance Tax Return
Nonresident Decedent.
ITEM NUMBER
Enter the next sequential number for each asset reported.
DESCRIPTION
Include a description for each stock or bond listed.
Stock descriptions must include the number of shares,
whether common or preferred, par and market values, and
the exact name of the corporation.
Bond descriptions must include type of bond, quantity,
denomination, obligor, date of maturity, interest rate, and
interest due dates.
Determine the market value by taking the mean of the highest and lowest quoted selling prices on the date of death. If

death occurred on a day when there were no sales, determine the valuation by taking the average of the mean
between the highest and lowest selling price on the nearest
trading date before and after the date of death. In cases of
stock quotations listed as “Over the Counter”, use the
mean between the bids and asked.
Mutual funds are to be reported at the net asset value
(NAV). Include as a separate item, dividends not collected
at death but payable to the decedent or estate since the
decedent was a stockholder of record on or before the date
of death. When stock is being traded on an exchange and
is selling ex-dividend on the date of the decedent’s death,
add the amount of the dividend to the ex-dividend quotation
to determine the fair market value of the stock as of the
date death.
CAUTION: Interest due, but not yet collected, and
interest accrued, but not yet due, as of the decedent’s
date of death are taxable property and must be reported on
Schedule B.
VALUE AT DATE OF DEATH
The taxable amount is the market value of the asset as of
the date of death.
TOTAL
Total all items in the Value at Date of Death column and
enter value here. Carry the value to Page 2, Line 2 of the
REV-1737-A.

SCHEDULE D
GENERAL INFORMATION

ITEM NUMBER
Enter the next sequential number for each asset reported.

PURPOSE
Use REV-1737-3, Schedule D to report all mortgages and
notes receivable owed to the decedent on the date of the
decedent’s death.

DESCRIPTION
Include a description for each mortgage or notes receivable
reported.

IMPORTANT: Complete Schedule D ONLY when the
proportionate method of tax computation is elected.

SCHEDULE INSTRUCTIONS
ESTATE OF
Enter the complete name of the estate as shown on the
REV-1737-A, Pennsylvania Inheritance Tax Return
Nonresident Decedent.
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The mortgage description must include the face value and
unpaid balance, date of mortgage, date of maturity, name
of maker, property mortgaged, mortgage book reference,
schedule of payments, interest dates and rate of interest.
The notes receivable description must include the face
value and unpaid balance, date of note, date of maturity,
name of maker, property address, schedule of payments,
interest dates and rate of interest.
NOTE: This is an asset of the decedent, i.e., the
decedent was the person receiving the payments.
REV-1737-3
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1

VALUE AT DATE OF DEATH
Enter the taxable amount for each item listed.
The taxable amount is the unpaid balance on the date of
death.

2

REV-1737-3
PREVIOUS PAGE

TOTAL
Total all items in the Value at Date of Death column and
enter value here. Carry this value to Page 2, Line 4 of the
REV-1737-A.

www.revenue.pa.gov
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