Form Sch R Sch R Generation-Skipping Transfer Tax

Form 706 (Rev. 9-2009)

SCHEDULE R—Generation-Skipping Transfer Tax
Note. To avoid application of the deemed allocation rules, Form 706 and Schedule R should be filed to allocate the GST exemption
to trusts that may later have taxable terminations or distributions under section 2612 even if the form is not required to be filed
to report estate or GST tax.
The GST tax is imposed on taxable transfers of interests in property located outside the United States as well as property
located inside the United States. (see the separate instructions beginning on page 24)

Part 1. GST Exemption Reconciliation (Section 2631) and Section 2652(a)(3) (Special QTIP)
Election
You no longer need to check a box to make a section 2652(a)(3) (special QTIP) election. If you
list qualifying property in Part 1, line 9 below, you will be considered to have made this election.
See page 26 of the separate instructions for details.
1 Maximum allowable GST exemption

1

2 Total GST exemption allocated by the decedent against decedent’s lifetime transfers
3 Total GST exemption allocated by the executor, using Form 709, against decedent’s lifetime
transfers

2

4 GST exemption allocated on line 6 of Schedule R, Part 2

4

5 GST exemption allocated on line 6 of Schedule R, Part 3

5

6 Total GST exemption allocated on line 4 of Schedule(s) R-1

6

7 Total GST exemption allocated to inter vivos transfers and direct skips (add lines 2–6)

7

8 GST exemption available to allocate to trusts and section 2032A interests (subtract line 7 from
line 1)

8

3

9 Allocation of GST exemption to trusts (as defined for GST tax purposes):
A
Name of trust

B

C

D

E

Trust’s
EIN (if any)

GST exemption
allocated on lines 2–6,
above (see instructions)

Additional GST
exemption allocated
(see instructions)

Trust’s inclusion
ratio (optional—see
instructions)

9D Total. May not exceed line 8, above
10

9D

GST exemption available to allocate to section 2032A interests received by individual beneficiaries
(subtract line 9D from line 8). You must attach special-use allocation schedule (see instructions).

(The instructions to Schedule R are in the separate instructions.)

10

Schedule R—Page 33

Form 706 (Rev. 9-2009)

Decedent’s Social Security Number

Estate of:

Part 2. Direct Skips Where the Property Interests Transferred Bear the GST Tax on the
Direct Skips
Name of skip person

Description of property interest transferred

1 Total estate tax values of all property interests listed above
2 Estate taxes, state death taxes, and other charges borne by the property interests listed above
3 GST taxes borne by the property interests listed above but imposed on direct skips other than
those shown on this Part 2 (see instructions)
4 Total fixed taxes and other charges (add lines 2 and 3)
5 Total tentative maximum direct skips (subtract line 4 from line 1)
6 GST exemption allocated
7 Subtract line 6 from line 5
8 GST tax due (divide line 7 by 3.222222)
9 Enter the amount from line 8 of Schedule R, Part 3
10 Total GST taxes payable by the estate (add lines 8 and 9). Enter here and on line 17 of
Part 2—Tax Computation, on page 1

Schedule R—Page 34

Estate tax value

1
2
3
4
5
6
7
8
9
10

Form 706 (Rev. 9-2009)

Decedent’s Social Security Number

Estate of:

Part 3. Direct Skips Where the Property Interests Transferred Do Not Bear the
GST Tax on the Direct Skips
Name of skip person

Description of property interest transferred

Estate tax value

1 Total estate tax values of all property interests listed above
2 Estate taxes, state death taxes, and other charges borne by the property interests listed above
3 GST taxes borne by the property interests listed above but imposed on direct skips other than
those shown on this Part 3 (see instructions)
4 Total fixed taxes and other charges (add lines 2 and 3)
5 Total tentative maximum direct skips (subtract line 4 from line 1)
6 GST exemption allocated
7 Subtract line 6 from line 5

1
2

8 GST tax due (multiply line 7 by .45). Enter here and on Schedule R, Part 2, line 9

8

3
4
5
6
7

Schedule R—Page 35