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IRSEstate & Gift Tax (706/709 Series)

Official form guide

Form 706-SR: 706 (Schedule R)

IRS Form 706-SR (Schedule R) is used to report generation-skipping transfer tax on certain trust distributions and terminations. It must be filed by fiduciaries who have filed Form 706 and report GST tax due. The form collects Part I—GST exemption allocation details and Part II—tax computation.

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Form Overview

IRS Form 706-SR - 706 (Schedule R)

IRS Form 706-SR (Schedule R) is used to report generation-skipping transfer tax on certain trust distributions and terminations. It must be filed by fiduciaries who have filed Form 706 and report GST tax due. The form collects Part I—GST exemption allocation details and Part II—tax computation.

Not stated in the official source — verify on the agency site.

Risk Radar

Scan points
  • 1Omitting a direct skip or taxable termination from Part I.
  • 2Failing to list all direct skips or taxable distributions in Part I.
  • 3Using an incorrect GST exemption allocation percentage.
  • 4Understating the trust's value at the time of the skip event.
  • 5Not attaching Schedule R to a timely filed Form 706.

Plain English

This form calculates the additional tax on property that skips a generation when it passes from a grandparent to a grandchild or other younger beneficiary. It is filed as a supplement to the estate tax return and shows how much generation-skipping transfer tax is owed.

Submission Date

  • Filing date: 2025-08-29 22:10:19
  • Preparation window: collect IDs, supporting records, and signatures in advance.
  • Final review: verify names, dates, and required fields before submission.

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Glossary Terms

transferestateverifytrust

Hover a term to preview the meaning.

What this form is for

  • Use this form when you need to report generation-skipping transfer tax on trust distributions and terminations as a fiduciary who has filed Form 706.
  • Do not use it when you are reporting GST tax on direct skips or taxable distributions not covered by a trust's termination or distribution event.

Form selector

Use this form or another form?

Direct skip from a trust during life

Reports lifetime generation-skipping transfer tax for direct skips during the grantor's life; Schedule R is for trust terminations and distributions after death

✓ Not stated in the official source

Form 709

Taxable termination of a non-trust interest

Schedule R specifically reports GST tax on taxable terminations of trusts included in the gross estate

✓ Not stated in the official source

Form 706, Schedule R

GST tax due on estate administration before final return

Form 706 serves as the underlying estate tax return to which Schedule R is attached; separate Schedule R is used for GST tax calculation

✓ Not stated in the official source

Form 706

Deadline or filing window

Not stated in the official source — verify on the agency site.

Checklist

What you need before filling it out

1

Part I, Line 1

Total GST exemption allocated to trust · Trust documents, prior Form 709 schedules, allocation statements

⚠ Failing to include previously allocated exemption amounts✕ High
2

Part I, Line 2

GST exemption remaining for allocation · Summary of all prior allocations from estate

⚠ Not updating exemption balance after prior filings✕ Medium
3

Part II, Line 6

Taxable amount · Quantum of trust principal included in gross estate or subject to termination

⚠ Misidentifying which transfers are taxable (direct vs skip)✕ High
4

Part II, Line 8

GST tax rate · Applicable state law, trust document, IRS notice

⚠ Using outdated maximum federal rate (40% for 2024/2025)✕ High
5

Schedule R signature

Date of filing · Form 706 filing date, estate's fiscal year

⚠ Filing without attaching Schedule R to Form 706✕ High
6

Schedule R attachments

Decedent's will, trust instrument, allocation schedules · Estate planning documents, prior year 709 filings

⚠ Missing documentation for GST exemption allocation✕ Medium

Before you submit

  1. 1Complete all fields in Part I and Part II.
  2. 2Attach Schedule R to Form 706 if filing estate tax return.
  3. 3Verify the generation-skipping transfer is a trust termination or distribution.
  4. 4Calculate the GST exemption allocation correctly.
  5. 5Include supporting trust documents and prior exemption records.
  6. 6Double-check tax computation using current rates.
  7. 7Sign and date the return as fiduciary.
  8. 8Make a copy for your records.
  9. 9Mail the return to the correct IRS address for your state.

How to file this form

  1. 1Obtain the current version of Form 706 and Schedule R from the IRS website.
  2. 2Complete the base Form 706 if you are also filing an estate tax return.
  3. 3Fill out Part I of Schedule R with GST exemption allocation details.
  4. 4Compute the tax liability in Part II using the applicable tax rate.
  5. 5Attach Schedule R to Form 706 and include all required evidence.
  6. 6Sign and date the return as fiduciary.
  7. 7Make a copy for your records.
  8. 8Mail the return to the appropriate IRS service center.

Known limitations

  1. 1This schedule applies only to generation-skipping transfers upon trust termination or distribution, not direct skips.
  2. 2It does not cover GST tax on direct skips made during life (use Form 709 instead).
  3. 3If the trust has no GST exemption allocated, the tax may need to be computed differently.

Field map

Compact field-by-field guide

7 fields

Decedent Info

2 items

Decedent Name and Date of Death

Full legal name and date of death of the deceased individual.

Requiredtext
EIN for Estate

Employer Identification Number assigned to the estate.

Requiredein

Executor

1 items

Executor or Representative

Name, address, and contact information of the appointed executor.

Requiredtext

Assets

1 items

Gross Estate Value

Total value of all assets owned by the decedent at time of death.

Requiredamount

Deductions

1 items

Total Deductions

Funeral expenses, debts, administrative costs, and charitable bequests.

Requiredamount

Tax

1 items

Estate Tax

Tax calculated on taxable estate exceeding the applicable exemption amount.

Requiredamount

Signatures

1 items

Executor Signature

The appointed executor must sign under penalty of perjury.

Requiredsignature
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Current form status
IRS

Not stated in the official source — verify on the agency site for the latest revision date and changes.

What changed or needs a fresh check

  • Edition date — confirm the revision date on the form matches the current tax year; check IRS website for latest version.
  • Fee — not stated in the official source; verify if any filing fee is required with the IRS.
  • Mailing address — not stated in the official source; verify the correct service center address on IRS.gov.
  • Signature — ensure the fiduciary signs and dates the return, with title indicated.
  • Attachments — confirm all required schedules and supporting documents are included before mailing.

Form Preview

Form 706-SR page 1

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Form 706-SR page 2

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Quick Facts

Fiduciaries of estates or trusts that filed Form 706 and have generation-skipping transfers must file Schedule R. This includes executors or trustees who have made direct skips or taxable distributions subject to GST tax.
Not stated in the official source — verify on the agency site.
Not stated in the official source — verify on the agency site.
Not stated in the official source — verify on the agency site.
Not stated in the official source — verify on the agency site.
Complete Part I by listing each generation-skipping transfer, including date, value, and GST exemption allocated. Transfer amounts to Part II to compute the tax using the applicable rate. Sign and date the form per standard filing instructions.

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After you file

  1. 1Retain a copy of the filed Form 706 and Schedule R with all attachments.
  2. 2Keep records of GST exemption allocations for future trust events.
  3. 3Note the IRS acknowledgment (e.g., stamp or online acknowledgment if e-filed) for your records.
  4. 4If you discover an error, file an amended return using the appropriate IRS process.
  5. 5Monitor mail for any IRS correspondence regarding the filing.
  6. 6Preserve supporting documents for at least 3 years after the return is due or filed, whichever is later.

Sources

  • SRCNot stated in the official source — verify on the agency site for the form's purpose.
  • SRCNot stated in the official source — verify on the agency site for filing deadline.
  • SRCNot stated in the official source — verify on the agency site for mailing address.
  • SRCNot stated in the official source — verify on the agency site for filing fee.
  • SRCNot stated in the official source — verify on the agency site for related forms.
  • SRCNot stated in the official source — verify on the agency site for revision history.

Common confusion points

Does Schedule R replace Form 709 for GST reporting?

Schedule R is for post-death trust terminations and distributions, while Form 709 reports lifetime transfers that skip generations

→ Confirm the transfer occurred before or after death; use Form 709 for lifetime, Schedule R for decedent's trust terminations

Can I file Schedule R without filing Form 706?

Schedule R is designed as a supplement to Form 706, and IRS instructions mandate it is filed with the estate tax return

→ Verify Form 706 is filed even if no estate tax is due; Schedule R cannot stand alone

What is a taxable termination versus a direct skip?

The terms sound similar but refer to different transfer events; Schedule R covers taxable terminations of trust interests

→ Check whether the transfer skips to a generation 2 or more levels below the transferor (direct skip) or terminates an intervening interest prior to distribution (taxable termination)

Do I need to allocate GST exemption to every trust included in the estate?

Exemption allocation is required only if the trust may generate future GST tax; allocation must be made on Schedule R

→ Review each trust document to determine if distributions to skip persons are possible; allocate exemption to trusts that could trigger tax

Is the GST tax rate the same as the estate tax rate?

The rate is the same maximum 40% for 2024/2025, but computations differ because GST rate applies to fractional amount transferred

→ Use the GST tax rate table provided in Schedule R instructions or IRS Publication 950; do not simply copy the Form 706 estate tax calculation

What records should I keep for Schedule R?

Fiduciaries often think simple trust statements suffice, but IRS expects detailed records of exemption allocations and trust valuations

→ Keep all prior Form 709 schedules, trust documents, estate tax worksheets, and allocation letters; document calculations in case of audit

Workflow map

Related forms and next steps

6 signals

Before

Form 706 — Estate Tax Return, to which Schedule R attaches

Current

706-SR

After

Form 706-D — if an extension of time to file is neededForm 4768 — Application for Extension of Time to File a Return and/or Pay U.S. Estate (and Generation-Skipping Transfer) Taxes

Often used with

Form 709 — Gift Tax Return, for tracking prior GST exemption allocationsForm 706-GS(D-1) — GST Tax Return for Distributions from a TrustForm 706-GS(T) — GST Tax Return for Terminations

Questions about IRS Form 706-SR

What is IRS Form 706-SR used for?

This form calculates the additional tax on property that skips a generation when it passes from a grandparent to a grandchild or other younger beneficiary. It is filed as a supplement to the estate tax return and shows how much generation-skipping transfer tax is owed.

Who must file IRS Form 706-SR?

Fiduciaries of estates or trusts that filed Form 706 and have generation-skipping transfers must file Schedule R. This includes executors or trustees who have made direct skips or taxable distributions subject to GST tax.

How do I complete IRS Form 706-SR?

Complete Part I by listing each generation-skipping transfer, including date, value, and GST exemption allocated. Transfer amounts to Part II to compute the tax using the applicable rate. Sign and date the form per standard filing instructions.

Does Schedule R replace Form 709 for GST reporting?

Schedule R is for post-death trust terminations and distributions, while Form 709 reports lifetime transfers that skip generations Confirm the transfer occurred before or after death; use Form 709 for lifetime, Schedule R for decedent's trust terminations

Can I file Schedule R without filing Form 706?

Schedule R is designed as a supplement to Form 706, and IRS instructions mandate it is filed with the estate tax return Verify Form 706 is filed even if no estate tax is due; Schedule R cannot stand alone

What is a taxable termination versus a direct skip?

The terms sound similar but refer to different transfer events; Schedule R covers taxable terminations of trust interests Check whether the transfer skips to a generation 2 or more levels below the transferor (direct skip) or terminates an intervening interest prior to distribution (taxable termination)

Do I need to allocate GST exemption to every trust included in the estate?

Exemption allocation is required only if the trust may generate future GST tax; allocation must be made on Schedule R Review each trust document to determine if distributions to skip persons are possible; allocate exemption to trusts that could trigger tax

Is the GST tax rate the same as the estate tax rate?

The rate is the same maximum 40% for 2024/2025, but computations differ because GST rate applies to fractional amount transferred Use the GST tax rate table provided in Schedule R instructions or IRS Publication 950; do not simply copy the Form 706 estate tax calculation

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Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
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