Jacksonville Florida Form 706-NA 2019-2025

Jacksonville Florida Form 706-NA: What You Should Know

Use this page to compute state income tax if you are a nonresident of Florida and have a Florida residence. Use the information in this section only to determine your Florida estate tax liability. If you are required by law to complete a Florida Federal income tax return, you should not use this information to compute a Florida estate tax return. This section contains information you should not use to compute a Florida estate tax return. Use Form 706-NA to compute your Florida estate tax for individuals whose deaths occurred in Florida. For individuals with a Florida residence and other Florida nonresidents, use the 706-NA to compute their Florida estate tax on the federal estate tax return. If you live in Florida, you are also required to file a Florida estate tax return. The Florida income tax return is due after any federal estate tax return has been filed. Because nonresidents of Florida do not have Florida estate tax liability, see Nonresident of Florida to decide who should file a Florida estate tax return. If a nonresident's Florida estate tax has been previously paid and the nonresident dies within one year of the end of the tax year, the Florida estate tax liability will be prorated. For example, if the tax period covered by the Florida income tax return is two years, and the nonresident dies in the first year of the tax period, the Florida estate tax will be paid on a credit for the first two years of the tax period, and will end when the credit has been completely consumed. If the nonresident dies after the two-year tax period and before the end of the tax year, the Florida estate tax will not be collected at all, so any Florida resident who made payments to the nonresident prior to the nonresident's death should use Form 766 or 707 to amend his tax return. The nonresident must have resided in Florida for five years out of the entire five-year tax period in order to be eligible to claim the Florida estate tax credit for his entire period of residence. Use Form 706-NA to compute a nonresident's Florida estate tax for nonresidents of Florida with Florida residence as follows: When the nonresident died after the five-year period of residence, the Florida estate tax liability will be prorated.

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