Pennsylvania Schedule D - Mortgages and Notes Receivable (Instructions)

Schedule D - Mortgages and Notes Receivable (Instructions)
Instructions for REV-1507 Schedule D - Mortgages and Notes ReceivableInstructions for REV-1507 Schedule D

Mortgages and Notes Receivable

REV-1507 EX (02-15)

GENERAL INFORMATION

GENERAL INSTRUCTIONS

PURPOSE OF SCHEDULE
Use Rev-1507 Schedule D to report all
mortgages and notes receivable owed to
the decedent.

DESCRIPTION
When reporting the mortgages 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.

FORM INSTRUCTIONS
ESTATE OF
Enter the complete name of the estate as
shown on the REV-1500, Pennsylvania
Inheritance Tax Return.
FILE NUMBER
Enter the file number of the estate
assigned by the Register of Wills as
shown on the REV-1500, Pennsylvania
Inheritance Tax Return.

www.revenue.pa.gov

When reporting the note receivable
include the face value and unpaid
balance, date of note, date of maturity,
name of obligor, 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.
VALUE AT DATE OF DEATH
The taxable amount is the unpaid
balance on the date of death.
TOTAL
Total all items in the Value of Date of
Death column and enter value here.
Enter this value on Line 4, Page 2 of the
REV 1500.

REV-1507

1

Extracted from PDF file 2023-pennsylvania-rev-1507-instructions.pdf, last modified February 2015

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More about the Pennsylvania REV-1507 (Instructions) Estate Tax TY 2023

We last updated the Schedule D - Mortgages and Notes Receivable (Instructions) in February 2024, so this is the latest version of REV-1507 (Instructions), fully updated for tax year 2023. You can download or print current or past-year PDFs of REV-1507 (Instructions) directly from TaxFormFinder. You can print other Pennsylvania tax forms here.

Related Pennsylvania Estate Tax Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Pennsylvania REV-1507 (Instructions).

Form Code	Form Name
Form REV-1507	Schedule D - Mortgages & Notes Receivable

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms

Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania REV-1507 (Instructions) from the Department of Revenue in February 2024.

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About the Estate Tax

The IRS, and many states, impose an estate tax on the transfer of cash and property between a decedent and their beneficiaries. These taxes generally only apply to estates over a certain size threshold, generally several million dollars, and therefore only affects the largest few percent of estates in the United States.

Historical Past-Year Versions of Pennsylvania REV-1507 (Instructions)

We have a total of two past-year versions of REV-1507 (Instructions) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 REV-1507 (Instructions)

Instructions for REV-1507 Schedule D - Mortgages and Notes Receivable

2022 REV-1507 (Instructions)

Instructions for REV-1507 Schedule D - Mortgages and Notes Receivable

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