Alaska Estate Taxes

Alaska imposes an estate tax equal to the state death tax credit under the federal estate tax laws. There is no additional Alaska estate tax imposed.

For resident decedents, the tax is imposed on the same property that would be taxable under the federal estate tax law, including all real and tangible personal property located in Alaska and all intangible personal property located elsewhere. For nonresident decedents, the following types of property are subject to tax: real property in Alaska; tangible personal property located in Alaska; intangible personal property located in Alaska; and stocks, bonds, debentures, notes, and other securities or obligations of corporations organized under the laws of Alaska.

Returns. An estate's executor or administrator must file a Preliminary Notice and Report (Form 04-724) with the Alaska Department of Revenue within two months after a person's death or after qualifying as the executor. If a federal estate tax return must be filed, the Alaska Department of Revenue must get an executed copy of the federal return within 15 months from the time of death. Additional information to figure out the Alaska tax may have to be filed at that time. Any taxes that are due must also be paid within the 15-month time frame.

Generation-skipping transfer tax. Alaska does not impose this type of tax.