Pennsylvania REV-1500 Schedule F: Jointly Owned Property
Figures verified November 11, 2026 against PA Schedule F and instructions (REV-1509) · Update log
Short answer
Schedule F (form REV-1509) lists property the person who died owned jointly with right of survivorship with anyone other than their spouse. Most often that is a bank account or a house shared with a child, a brother or a sister. The taxable amount is the person's share: the value on the date of death divided by the number of joint owners. The total goes to line 6 of the REV-1500.
Property owned jointly with a spouse is not reported. Property made joint within one year of the death goes on Schedule G instead, where it is taxed in full, less $3,000.
What goes on Schedule F
The instructions ask for "all property of whatever kind" that the person held as a joint tenant with a right of survivorship. Survivorship means the other owner takes the whole asset automatically at the death. Typical items:
- A checking, savings or CD account in two names, such as a parent and a child.
- A brokerage account registered as joint tenants with right of survivorship (JTWROS).
- A house or land in Pennsylvania deeded to the person and someone else as joint tenants with right of survivorship. Attach a copy of the deed.
- A car, boat or other titled property in two names with survivorship.
What does not go on Schedule F
| Property | Where it goes |
|---|---|
| Anything owned jointly with the surviving spouse | Not reported. It is not taxed. |
| An asset made joint within one year before the death | Schedule G, taxed in full less a $3,000 exclusion |
| A payable-on-death (POD), in-trust-for (ITF) or transfer-on-death (TOD) account | Schedule G |
| Real estate owned as tenants in common (no survivorship) | Schedule A, the person's fraction only |
| Stocks and bonds owned as tenants in common | Schedule B |
| An account in the person's name alone | Schedule E |
| A house the person deeded away but kept living in (a retained life interest) | Schedule G, taxed in full |
If the surviving joint owner already received their own assessment notice from the Department of Revenue and paid the tax on an asset, leave that asset out of the Schedule F total.
How to fill in each column
Start with the block at the top. List each surviving joint owner with their name, address and relationship to the person who died, and give each one a letter: A, B, C. Then add one row for each asset.
| Column | What to enter |
|---|---|
| Letter for joint tenant | The letter of the surviving owner from the block at the top. |
| Date made joint | The date the asset was put into joint names. The Department uses it to apply the one-year rule. If the account was rolled over from an earlier joint account, give the original date and the rollover date. |
| Description of property | The exact registration of the asset and the name of the bank or broker. For real estate, the address, and attach the deed. |
| Last 4 digits of bank account # | The last four digits of the account number, or a similar identifying number. |
| Date of death value of asset | The exact balance or market value of the whole asset on the date of death. |
| % of decedent's interest | The person's fraction: 50% with two owners, 33.33% with three. |
| Date of death value of decedent's interest | The value multiplied by the percentage. This is the taxable amount. |
Add up the last column and enter the total on line 6 on page 2 of the REV-1500. Pennsylvania uses the value on the date of death. There is no six-month alternate valuation date.
Worked example
Helen, a widow, died on March 14, 2026. She had a savings account with her daughter Anna, opened in 2019, with $48,000 in it on the date of death. She also owned a house with her brother Frank as joint tenants with right of survivorship since 1998, worth $210,000.
| Item | Tenant | Date made joint | Description | Value at death | % interest | Value of Helen's interest |
|---|---|---|---|---|---|---|
| 1 | A (Anna, daughter) | 06/10/2019 | Joint savings account, "Helen or Anna, JTWROS", last 4 digits 4417 | $48,000 | 50% | $24,000 |
| 2 | B (Frank, brother) | 05/02/1998 | House, joint tenants with right of survivorship, deed attached | $210,000 | 50% | $105,000 |
| Total (line 6) | $129,000 |
- Anna's tax: $24,000 x 4.5% = $1,080.
- Frank's tax: $105,000 x 12% = $12,600.
- Total before any deductions: $13,680.
- Paid within three months, by June 14, 2026, the 5% discount is $684, so $12,996 settles it.
- The return and any unpaid tax are due nine months after the death: December 14, 2026.
Separate billing: have the survivor billed directly
The surviving owner already has the asset, so the estate may not want to pay the tax on it. The executor can ask the Department to send the tax notice for a joint asset straight to the surviving owner.
- Fill in the "Separate Billing Requested" oval next to line 6 of the REV-1500.
- Complete every field on Schedule F, including the surviving owner's address.
- Leave the separately billed amount out of line 6.
The instructions say to use this only when the estate does not wish to pay that tax from estate funds, and the will has no clause saying all taxes are to be paid from the probate estate.
Common mistakes
- Leaving a joint account off the return because it "passed outside the will". Pennsylvania taxes the person's share of every joint asset held with someone other than a spouse.
- Reporting 100% of the account. Only the fraction is taxed, unless the account was made joint within a year of the death.
- Leaving out the date the asset was made joint.
- Putting an account made joint in the last year on Schedule F. It belongs on Schedule G.
- Deducting bills paid after the death on a jointly owned house. Those are the survivor's costs and are not allowed.
Optional: get help filing
Get a flat-fee quote to file the Pennsylvania inheritance tax return
Leave your email and the rough estate size, and a CPA or Enrolled Agent who prepares Pennsylvania REV-1500 returns will reply with a fixed price. Free, and no obligation.
More on the Pennsylvania return
Frequently asked questions
Is a joint account with my spouse reported on Schedule F?
No. Assets held jointly with right of survivorship between spouses are not reportable for Pennsylvania inheritance tax, and they are not taxed.
What percentage do I enter for a joint account with two children?
One third. The account had three owners just before the death, so the taxable share is the balance divided by three. Each child is taxed at 4.5% on what they receive of that share.
The account was made joint six months before the death. Does it go on Schedule F?
No. An asset made joint within one year of the death is reported on Schedule G. It is taxed in full, and the new joint owner may claim a $3,000 exclusion.
Does it matter that all the money in the joint account was my mother's?
No. The taxable share is set by the number of joint owners, not by who deposited the money. With two owners, half of the balance on the date of death is taxed.
Who pays the inheritance tax on a joint account?
The executor can pay it from the estate with the rest of the tax, or ask for separate billing so the Department of Revenue sends the notice to the surviving owner. If there is no executor, the surviving owner must file the return and pay.
Sources
- 1.PA Department of Revenue: Schedule F with instructions, Jointly Owned Property (REV-1509)pa.gov
- 2.PA Department of Revenue: REV-1500 Inheritance Tax Return, Resident Decedent, and instructionspa.gov
- 3.Pennsylvania General Assembly: Tax Reform Code of 1971, Article XXI, Inheritance Tax (sections 2107, 2108, 2142)palegis.us
- 4.PA Department of Revenue: Schedule G with instructions, Inter-Vivos Transfers and Misc. Non-Probate Property (REV-1510)pa.gov
- 5.PA Department of Revenue: Schedule H instructions, Funeral Expenses and Administrative Costs (REV-1511)pa.gov
- 6.PA Department of Revenue: Inheritance Tax (rates, discount, deadline)pa.gov
This information is provided for educational purposes only and should not be considered legal or tax advice. Consult a qualified tax professional for guidance specific to your situation.