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Jul 22, 2014 ... If more space is needed, include additional sheets. Real Estate. Estate of: Jointly- owned property must be disclosed on Schedule E. Item.
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Estate of jointly refers to a type of estate tax return filed when two or more individuals jointly own property and one of the owners passes away.
The surviving owner or owners are required to file estate of jointly when one of the joint owners passes away.
To fill out estate of jointly, the surviving owner or owners must provide information about the deceased co-owner, the value of the jointly owned property, and any applicable deductions.
The purpose of estate of jointly is to determine the tax liability on the jointly owned property after one of the owners has passed away.
On estate of jointly, information such as the value of the jointly owned property, the deceased co-owner's share of the property, and any deductions must be reported.
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