Form 706-NA Indianapolis Indiana 2019-2025

Form 706-NA Indianapolis Indiana: What You Should Know

General. Instructions for Completing State Inheritance Tax Return The Indiana state income tax, as determined by the Income Tax Department, is determined on Form #6 (Rev. 7/12/10) unless the estate is located outside of Indiana. If a Form #6 is filed then the tax imposed is determined by the income tax rate for the county. For nonresident aliens the taxable estate tax rate is equal to 6% of the taxable gross estate minus the exemption amount. Income Tax Exemption. The total assets of the estate must equal at least the total exemption amount. Exclusion of Nonresident Alien's Estate. The Indiana state income tax exemption amounts apply to nonresident aliens. Therefore, for nonresident aliens, if the exempt amount is less than 10,000 then you are not subject to income tax. Indiana Gross Estate Tax Rate. The Indiana gross estate tax rate (the rate for nonresident aliens) is 6% based on the taxable gross estate. The exemption amount for the county is 10,000. However, if the exempt amount is less than 10,000, you will be subject to Indiana gross estate tax on the amount not exceeding 10,000. Indiana Exemption Amounts. The amount exempt from Indiana gross estate tax is 10,000. The exemption amounts are determined by the county. For nonresident aliens the taxable gross estate must be less than 10,000. Therefore, if the exemption amount is reduced, then the taxable estate must be more than 10,000. Indiana Gross Estate Tax Rate in Table. For nonresident aliens the Indiana gross estate tax rate is 6% of the gross estate and is applicable to all estates of nonresident aliens. In addition, all nonresident aliens are required to file an income tax return to Indiana with a combined federal and state tax on the amount in excess of the exemption provided by the Indiana gross estate tax exemption amount. Indiana Taxable Estate. For nonresident aliens, the taxable estate is the property that is subject to federal estate tax. The amount of Indiana gross estate is the combined federal and state estate tax due on the remaining property subject to federal estate tax. Indiana Taxable Estate Amount. For nonresident aliens the Indiana taxable estate tax is 10,000 (the maximum exemption). Use this form if your nonresident alien tax situation is not covered by another state's income tax instructions.

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