Sch P Credit for Certain Foreign Taxes

TREASURY/IRS AND OMB USE ONLY DRAFT
SCHEDULE P
(Form 706)
(August 2025)
Department of the Treasury
Internal Revenue Service

Credit for Certain Foreign Taxes
OMB No. 1545-0015

Attach to Form 706.
Go to www.irs.gov/Form706 for instructions and the latest information.

Decedent’s social security number

Decedent’s name as it appears on Form 706

Part I

Version A, Cycle 6

Foreign Countries to Which Death Taxes Have Been Paid and for Which a Credit is Claimed on This Return

Part II

Foreign Country and Decedent’s Citizenship Information

Caution: If a credit was claimed for death taxes paid to more than one foreign country, compute the credit for taxes paid to one country on
this sheet and attach a separate copy of Schedule P (Form 706) for each of the other countries.
2 Enter the name of death tax(es) the credit is computed for:
3 Enter the name of the country to which the tax was paid:
4 Enter the title of the treaty or statute the credit is computed under:
5 Enter the citizenship (nationality) of the decedent at time of death:

Part III

Credit for Foreign Death Taxes

Note: All amounts and values must be entered in U.S. dollars.
6 Total of estate, inheritance, legacy, and succession taxes imposed in the country listed on line 3 above,
attributable to property situated in that country, subjected to these taxes, and included in the gross estate (as
defined by statute) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Value of the gross estate (adjusted, if necessary, according to the instructions) . . . . . . . . . .

6
7

8 Value of property situated in that country, subjected to death taxes imposed in that country, and included in
the gross estate (adjusted, if necessary, according to the instructions) . . . . . . . . . . . . .

8

9 Tax imposed by section 2001 reduced by the total credits claimed under sections 2010 and 2012. See
instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9

10 Amount of federal estate tax attributable to the value of property specified on line 8. Divide line 8 by line 7 and
multiply the result by line 9 . . . . . . . . . . . . . . . . . . . . . . . . . .

10

11 Credit for death taxes imposed in the country listed on line 3. Enter the smaller of line 6 or line 10. Also enter
on Form 706, Part II, line 13 . . . . . . . . . . . . . . . . . . . . . . . . . .

11

For Privacy Act and Paperwork Reduction Act Notice,
see the Instructions for Form 706.

Cat. No. 94771U

Schedule P (Form 706) (8-2025) Created 3/20/25

DRAFT — DO NOT FILE

DRAFT — DO NOT FILE

1 List all foreign countries to which death taxes have been paid and for which a credit is claimed on this return.