Which is the following is reported on form 706 sched F A) an interest in a limit

Question

Which is the following is reported on form 706 sched F A) an interest in a limited liability company B) life insurance that the decedent owned on the life of his parents C) all of the above
Which is the following is reported on form 706 sched F A) an interest in a limited liability company B) life insurance that the decedent owned on the life of his parents C) all of the above
A) an interest in a limited liability company B) life insurance that the decedent owned on the life of his parents C) all of the above

Explanation / Answer

Answer :- Option A). An interest in a limited liability company.

Explanation :- An interest in a limited liability company is reported on the Schedule F of Form 706 whereas The Life insurance that a decedent owned on the life of his parents is reported on the Schedule D of Form 706.

Conclusion :- An interest in a limited liability company. (Option A).

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