The estate of a Georgia resident decedent has property in other states, and must pay estate/inheritance taxes to those states. How do I compute the Georgia tax?
A. The gross value of the property taxable in the other states is divided by the total federal gross estate. The resulting percentage is multiplied by the total allowable state death tax credit to arrive at the GA tax reduction. Q. Assuming the same facts as in the two previous questions and the Georgia property is eligible for the marital deduction on the federal return. Or, the Georgia property has a mortgage which is deductible on the federal return. Does Georgia allow these deductions? A. The estate receives indirect benefit of these deductions for state purposes since they do affect the allowable state death tax credit. However, no deductions can be used when pro- rating the state death tax credit to arrive at the Georgia tax.
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