Reply To: Form F706

Home Fairmark Forum Other Tax Topics Form F706 Reply To: Form F706


CA currently does not have an estate tax so there is no CA requirement although there is/was legislation to start.

Some recommend filing the 706 for portability reasons…….being able to
use a spouse’s unused exemption.

Whether that is useful to you or not depends on your personal circumstances. Seems like valuation for step up cost basis could be documented in other ways.