Tax Form 706-GS(D)  
Form 706-GS(D) - Generation-Skipping Transfer Tax Return for Distributions

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Form 706-GS(D)

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Generation-Skipping Transfer Tax Return for Distributions. Form 706-GS(D)

Use Form 706-GS(D), Generation-Skipping Transfer Tax Return for Distributions, to:

Form 706-GS(D) is used by a skip person distributee to calculate and report the tax due on distributions from a trust that are subject to the generation-skipping transfer (GST) tax.


Who Must File

In general, anyone who receives a taxable distribution from a trust must file Form 706-GS(D). Trustees are required to report taxable distributions to skip person distributees on Form 706-GS(D-1), Notification of Distribution From a Generation- Skipping Trust.

Even if you receive a Form 706-GS(D-1), however, you do not need to file Form 706-GS(D) if the inclusion ratio found in Part II, line 3, column d, of Form 706-GS(D-1) is zero for all distributions reported to you. If you are required to file Form 706-GS(D), you do not have to include any distributions that have an inclusion ratio of zero.


From Fedforms.Gov:
"Skip person distributees use Form 706-GS(D) to calculate and report the tax due on distributions from a trust that are subject to the generation-skipping transfer (GST) tax."


DOWNLOAD Form 706-GS(D)

This form may be downloaded directly from the IRS website. To open or download, in PDF format, simply click on the link below:

Form 706-GS(D)

 



 

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