Executors file this form to report the final estate tax value of property distributed or to be distributed from the estate, if the estate tax return is filed after July 2015. This form, along with a copy of every Schedule A, is used to report values to the IRS. One Schedule A is provided to each beneficiary receiving property from an estate.
Update to Where To File Address for Form 8971 -- 06-AUG-2020
Other Items You May Find Useful
Notice 2016–27, Date for Compliance with Consistent Basis Reporting Between Estate and Person Acquiring Property from Decedent