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    4                                                                                                                                NEAR FINAL DRAFT — 6/24/24                                                                                             4
    5                                                                                                                                                                                                                                                       5
    6                                                                                                                                                                                                                              *246251*6
    7  2024 Form M706, Estate Tax Return                                                                                                                                                                                                                    7
    8                                                                                                                                                                                            Check box if amended return                         X      8
    9  For estates of a decedent whose date of death is in calendar year 2024                                                                                                                     (Attach an explanation of change)                         9
    10                                                                                                                                                                                                                                                      10
    11 DECEDENTS                                                                            FIRST NAME MIDDLE I                      LAST NAMEXXXXXXXXXXX 123456789                                                                                         11
    12 Decedent’s First Name, Middle Initial                                                                                         Last Name                                      Decedent’s Social Security Number                                       12
    13                                                                                                                                                                              11/         / 22 3333                                                   13
       LAST HOME ADDRESS STREET APARTMENT ROUTEXXXXXXXXXX
    14 Last Home Address                                                                                                                                                            Date of Death (MM/DD/YYYY)                                              14
    15 CITYXXXXXXXXXXXXXXXXXXXXXXXXX MN                                                                                                                  11223        123456789                                                                             15
    16 City                                                                                                                          State               ZIP Code                   Decedent’s Estate or Trust EIN                                          16
    17                                                                                                                                                                                                                                                      17
    18 EXECUTOR FIRST NAMEMNXXXXXXX  EXECUTOR LAST NAME   12345678                                                                                                                                                                                          18
    19 Executor’s first name, middle initial                                                                                         Executor’s Last Name                           Executor’s Social Security Number                                       19
    20 NAME OF FIRMXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                               111223333                                                               20
    21 Name of Firm (If Applicable)                                                                                                                                                 Executor’s Phone                                                        21
    22 ADDRESS STREET APARTMENT XX   CITYXXXXXXX          MN     11223                                                                                                                                                                                      22
    23 Address                                                                                                                       City                                           State            ZIP Code                                               23
    24 If filing under a federal filing extension, enter the extended due date (MM/DD/YYYY) (attach IRS approval):                                                       12/         / 34 5678                                                              24
    25                                                                                                                                                                   (MM/DD/YYYY)                                                                       25
    26 Check if:                                                                                                                                                                                                                                            26
    27 X    You are electing the qualified small business property deduction                                                                           X    You are electing the qualified farm property deduction                                          27
    28                                                                                                                                                                                                                                                      28
    29 X                    You received an extension for paying tax                                                                                   X    The decedent was a nonresident                                                                  29
    30                                                                                                                                                                                                                                                      30
    31 X                    You are filing a Tax Position Disclosure (enclose Form TPD)                                                                                                    Round amounts to the nearest whole dollar.                       31
    32                                                                                                                                                                                                                                                      32
    33   1  Federal tentative taxable estate (from federal Form 706 line (3)(a))   .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .     1                                                                      12345678          33
    34                                                                                                                                                                                                                                                      34
    35   2  a                                                Federal taxable gifts (from federal Form 706 line 4)   . .  . . . . . .  . . . . . .  .      2a             12345678                                                                           35
    36                                             b                      Portion of line 2a made within three years of death   .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . 2b        12345678          36
    37                                                                                                                                                                                                                                                      37
    38   3  Any deduction taken for death taxes paid to a foreign country (from federal Form 706, Schedule K)   .  . . . . . .  .  .    3                                                                                                 12345678          38
    39                                                                                                                                                                                                                                                      39
    40                 4  Minnesota-Only QTIP property allowed on previously deceased spouse’s estate tax return   .  . . . . . .  . . . . . .  . .  .    4                                                                               12345678          40
    41                                                                                                                                                                                                                                                      41
    42                 5  Add lines 1, 2b, 3, and 4  . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  .  5                      12345678          42
    43                                                                                                                                                                                                                                                      43
    44   6a     Minnesota 2024 estate tax exclusion . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  .  .6a                                             3,000,000         44
    45  6b     Enter the total value of any deduction for qualified small business                                                                                                                                                                          45
    46                     property or qualified farm property on Schedules M706Q, part 7, line 8 (Attach Schedule M706Q)  . . .  . . . . . .                                                                                   6b        12345678          46
    47                                                                                                                                                                                                                                                      47
    48                 7  Minnesota-Only QTIP Property. Enter the amount from Worksheet A (on page 3 of this form)   .  . . . . . .  . . . . . .  .    7                                                                                  12345678          48
    49                                                                                                                                                                                                                                                      49
    50                 8  Add lines 6a, 6b, and 7  . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  .    8                    12345678          50
    51                                                                                                                                                                                                                                                      51
    52   9  Subtract line 8 from line 5. This is your Minnesota taxable estate. If result is zero or less, leave blank   .  . . . . .  .  .    9                                                                                          12345678          52
    53                                                                                                                                                                                                                                                      53
    54   10  Determine value by applying the amount on line 9 to the 2024 rate table in the instructions.    . . . .  . . . . . . .  . .  10                                                                                              12345678          54
    55                                                                                                                                                                                                                                                      55
    56   11  Multiply line 10 by the amount calculated on Worksheet B, step 7, on page 3 of this form   .  . . . .  . . . . . .  . . . . .  11                                                                                            12345678          56
    57                                                                                                                                                                                                                                                      57
    58   12  Nonresident decedent tax credit (determine from instructions, page 6)  . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . .  12                                                                             12345678          58
    59                                                                                                                                                                                                                                                      59
    60   13  Minnesota estate tax (subtract line 12 from line 11). If result is zero or less, leave blank   .  . . . . . .  . . . . . .  . . . . .  13                                                                                    12345678          60
    61                                                                                                                                                                                                                                                      61
    62   14  Total payments, including any extension payments, made prior to filing this return  . .  . . . . . . .  . . . . .  . . . . . .  . .  14                                                                                      12345678          62
    63                                                                                                                                                 9995                                                                                                 63
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    4                                                                                                                                                                                                        4
       M706 2024, page 2
    5                                                                                                                                                                                                        5
    6    15 Subtract line 14 from line 13.  If negative number, use a minus sign (-) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . .   15                        12345678          6
    7                                                                                                                                                                                                        7
    8    16 Penalties (determine from instructions page 6)  . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .   16        12345678          8
    9                                                                                                                                                                                                        9
    10   17 Interest, if any, from :                     123456  to:                 123456        (complete worksheet on page 3 of this form)   17                                        12345678          10
    11                                                                                                                                                                                                       11
    12   18 AMOUNT DUE. Add lines 15, 16, and 17. If result is zero or less, leave blank                 . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . 18               12345678          12
    13                                                                                                                                                                                                       13
    14          Check payment method:     X                Check (attach payment voucher)          X  Electronic                                                                                             14
    15                                                                                                                                                                                                       15
    16  19      REFUND. If your total payments are more than the sum of Minnesota estate tax, penalty                                                                                                        16
    17     and interest, subtract the amounts on lines 13, 16, and 17 from line 14                       . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . . 19           12345678          17
    18                                                                                                                                                                                                       18
    19  20  To have your refund direct deposited, enter the following. Otherwise, you will receive a check.                                                                                                  19
    20                                                                                                                                                                                                       20
    21 X        Checking              X       Savings    1234567891012345678 123456789101234567891012345678910123                                                                                            21
    22                                                   Routing number                         Account number (must be an account not associated with any foreign bank)                                     22
    23 I declare that this return is correct and complete to the best of my knowledge and belief.                                                                                                            23
    24                                                                                                                                                                                                       24
    25                                                                        11/         / 23 33331112223333                                                                                                25
    26 Signature of Executor                                                 Date (MM/DD/YYYY)     Executor’s Phone                                                                                          26
    27                                                                        11/         / 22 3333                                                                                 11/         / 22 3333    27
    28 Signature of Executor                                                  Date (MM/DD/YYYY)    Signature of Executor                                                           Date (MM/DD/YYYY)         28

    29                                                                                             123456789             11/         / 22 3333 1112223333                                                    29
    30 Signature of Preparer, Other than Executor                                                  PTIN                  Date (MM/DD/YYYY)                                         Daytime phone             30
    31                                                                                                                                                                                                       31
    32 You must attach a copy of the federal Form 706, required schedules, death certificate and all supporting documentation.                                                                               32
    33 Mail to: Minnesota Estate Tax, Mail Station 1315, 600 N. Robert St., St. Paul, MN 55146-1315                                                                                                          33
    34                                                                                                                                                                                                       34
    35 Power of Attorney                                                                                                                                                                                     35
    36 You may authorize another person to act on your behalf or perform any act you can perform with respect to the Minnesota taxes of the decedent’s estate when dealing                                   36
    37 with the department. To designate power of attorney, provide the information below.                                                                                                                   37
    38                                                                                                                                                                                                       38
    39 To appoint multiple POAs, attach a separate piece of paper with the information below. The additional appointees must have the same authority as the primary appoin-                                  39
    40 tee. Only the primary appointee can receive all correspondence.                                                                                                                                       40
    41                                                                                                                                                                                                       41
    42 Note: The department does not send tax refunds to the designated appointee unless you make an election in writing. It is your responsibility to keep your appointee                                   42
    43 informed of your tax matters. If you want the department to send any and all notices, including tax refunds, directly to your appointee rather than you, attach Form                                  43
    44 Form REV 184i, Individual or Sole Proprietor Power of Attorney, to this form.                                                                                                                         44
    45                                                                                                                                                                                                       45
    46 I, the executor (personal representative) of the decedent’s estate, appoint the person named below as Attorney-in-Fact to represent the estate before the Minnesota De-                               46
    47 partment of Revenue. The appointee is authorized to provide and receive private and nonpublic information regarding the Minnesota taxes of the estate, and to perform                                 47
    48 any and all acts that I can perform with regard to the state taxes of the estate, unless noted below.                                                                                                 48
    49                                                                                                                                                                                                       49
    50 NAME OF PERSON APPOINTEE GIVENXX   1112223333                                                                                                                                1112223333               50
       Name of person (appointee) given power of attorney                                       Direct phone                                                                        Fax number
    51                                                                                                                                                                                                       51
    52 ADDRESS STREET APARTMENT ROUTEXXX  11223333                                                                                                                                                           52
       Address (street, apartment, route)                                                       Expiration date (If a date is not provided, this powerof attorney is valid until revoked in writing):
    53                                                                                                                                                                                                       53
    54 CITYXXXXXXXXXXXX MN     11223                                                                                                                                                                         54
       City                                              State          Zip code                   Check this box to revoke all powers of attorney previously filed by
    55                                                                                          X                                                                                                            55
                                                                                                   you in connection with the Minnesota taxes of the decedent’s estate:             
    56                                                                                                                                                                                                       56
    57  X   I am theexcluding following powers                       (please list):                                                                                                                          57
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       M706 2024, page 3
    5                                                                                                                                                                                                                                                                                                                                                               5
    6  Worksheets                                                                                                                                                                                                                                                                                                                                                   6
    7                                                                                                                                                                                                                                                                                                                                                               7
    8  Worksheet A - To Determine Line 7                                                                                                                                                                                                                                                                                                                            8
    9                                                                                                                                                                                                                                                                                                                                                               9
    10 1  Description of Minnesota-Only QTIP property                                  DESCRIPTION OF MINNESOTA ONLY QTIP                                                                                                                                                                                                            Value   $ 12345678             10
    11                                                                                                                                                                                                                                                                                                                                                              11
    12 2  Total from continuation schedules  . . . .  . . . . .  . . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . .  .  2                                                                                                    12345678             12
    13                                                                                                                                                                                                                                                                                                                                                              13
    14 3  Total amount of Minnesota-Only QTIP Property. Enter the amount here and on line 7 of Form M706    .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  .  3                                                                                                                                                               12345678             14
    15                                                                                                                                                                                                                                                                                                                                                              15
    16 Worksheet B - To Determine Line 11                                                                                                                                                                                                                                                                                                                           16
    17                                                                                                                                                                                                                                                                                                                                                              17
    18 1 Minnesota gross estate (see instructions)    . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  .  1                                                                                                               12345678             18
    19                                                                                                                                                                                                                                                                                                                                                              19
    20 2 Value of gifts included on Line 2b from page 1 of Minnesota Form M706 with a Minnesota situs (see instructions)  . . .  . . . . . .  . . . . .  . .  .  2                                                                                                                                                                             12345678             20
    21                                                                                                                                                                                                                                                                                                                                                              21
    22 3 Add steps 1 and 2  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . .  .  3                                                                                           12345678             22
    23                                                                                                                                                                                                                                                                                                                                                              23
    24 4 Federal gross estate (from Federal Form 706, line 1)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . .  .  4                                                                                                                       12345678             24
    25                                                                                                                                                                                                                                                                                                                                                              25
    26 5 Total value of all gifts reported on Line 2b from page 1 of Form M706 . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  .  5                                                                                                                                      12345678             26
    27                                                                                                                                                                                                                                                                                                                                                              27
    28 6 Add steps 4 and 5  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . .  .  6                                                                                           12345678             28
    29                                                                                                                                                                                                                                                                                                                                                              29
    30 7 Divide step 3 by step 6 (round to five decimal places)  .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  .7                                                                                                                         12345678             30
    31                                                                                                                                                                                                                                                                                                                                                              31
    32 Worksheet C - to determine interest on Line 17                                                                                                                                                                                                                                                                                                               32
    33 Interest accrues on any unpaid tax and penalty beginning nine months from the decedent’s date of death.                                                                                                                                                                                                                                                      33
    34                                                                                                                                                                                                                                                                                                                                                              34
    35 1 Amount of tax not paid within nine months after the decedent’s date of death                            . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  .                                                                                                                             1              12345678             35
    36                                                                                                                                                                                                                                                                                                                                                              36
    37 2 Unpaid penalty, if any, from line 16 on page 2 of Form M706 . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  .    2                                                                                                                                                12345678             37
    38                                                                                                                                                                                                                                                                                                                                                              38
    39 3 Unpaid tax and penalty on which interest will accrue (add step 1 and step 2)                            . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  .    3                                                                                                                                  12345678             39
    40                                                                                                                                                                                                                                                                                                                                                              40
    41 4 Number of days that your payment of tax and/or penalty is late.                                                                                                                                         Year: 2024                                                                                                                       Year: 2025        41
         If the days fall in more than one calendar year, you must
    42   determine the number of days separately for each year                                 . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . .  4                       12345678                                                                                                                      12345678             42
    43                                                                                                                                                                                                                                                                                                                                                              43
    44 5 Divide step by4    365. theRound     result to five decimal places                      . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . .  .   5                              1 .                                                                                                            23456     1 . 23456                 44
    45                                                                                                                                                                                                                                                                                                                                                              45
    46 6 Multiply step 3 by the result stepin 5 for each year                                    . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  6               12345678                                                                                                                      12345678             46
    47                                                                                                                                                                                                                                                                                                                                                              47
    48 7 Interest rate effectin     for the calendar year                                 . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  .  7                                                           x%                    8%                                                                      48
    49                                                                                                                                                                                                                                                                                                                                                              49
    50 8 Multiply step 6 by the interest rate in step 7 for each year  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  8                                                    12345678                                                                                                                      12345678             50
    51                                                                                                                                                                                                                                                                                                                                                              51
    52 9 Add the amounts in step 8. Also enter the result on line 17 of Form M706    . . .  . . . . . . .  . . . . .  . . . . . .  . . . . 9                                                                     12345678                                                                                                                                           52
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