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Level 3
June 30, 2022
Question

Form 706 & CA reporting

  • June 30, 2022
  • 1 reply
  • 7 views

I am filing a Form 706 for an estate that is over $11,700,000, (died in 2021).  How do I file the CA return and pay the taxes due to CA? Can I do this in Lacerte?

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1 reply

sjrcpa
Level 15
June 30, 2022

You don't. CA does not have estate tax.

The more I know the more I don’t know.
Level 3
June 30, 2022

When did CA get rid of their estate tax?

joshuabarksatlcs
Level 9
July 4, 2022

There is currently no estate tax, inheritance tax, or generation skipping transfer tax in California for any person with a date of death as of January 1, 2005 or after. 

Under the old law, CA estate tax was a "pickup tax".  When federal repealed the state credit, CA estate tax ended. 

There are enough living people to tax in CA.   

I come here for kudos and IRonMaN's jokes.