Generation-Skipping Transfer Tax Return for Distributions

Form 706-GS(D) is used by distributees to compute and report the Federal Generation Skipping Transfer tax imposed by IRC section 2601. IRS uses the information to enforce this tax and to verify that the tax has been properly computed. The distributee will file a single Form 706 GS(D) annually and will report on it all taxable distributions from any trust received during the year. An individual will not file Form 706 GS(D) for any year in which he/she received no taxable distributions.

The latest form for Generation-Skipping Transfer Tax Return for Distributions expires 2023-02-28 and can be found here.