Federal Generation-Skipping Transfer Tax Return for Terminations

Generation-Skipping Transfer Tax Return for Terminations
Form 706-GS(T) (Rev. December 2025)
Form

706-GS(T)

Generation-Skipping Transfer Tax Return for Terminations

(Rev. December 2025)
Department of the Treasury
Internal Revenue Service

Part I

Use for terminations made after December 31, 2024.
For calendar year

OMB No. 1545-0015

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Go to www.irs.gov/Form706GST for instructions and the latest information.

General Information (see instructions)

1a Name of trust

1b TIN of trust

2a Name of trustee
2b Trustee’s address (number and street)

2c Apt. or suite no.

2d City, town, or post office. For foreign addresses, also complete lines 2g, 2h, and 2i.
2g Foreign country name

Part II

2e State

2h Foreign province/state/county

2f ZIP code
2i Foreign postal code

Trust Information (see instructions)

3 Has property been contributed to this trust since the last Form 706-GS(T) or 706-GS(D-1) was filed? If “Yes,”
complete Part IV, line 11, stating how the inclusion ratio was calculated . . . . . . . . . . . . . . .

Yes No

4 Have any terminations occurred that are not reported on this return because of the exceptions in section 2611(b)(1)
or (2) relating to medical and educational exclusions and prior payment of Generation-Skipping Transfer (GST) tax?
If “Yes,” complete Part IV, line 12, describing the termination . . . . . . . . . . . . . . . . . .
5 If this is not an explicit trust (see the instructions under Who Must File), check here and complete Part IV, line 13, describing
the trust arrangement that makes its effect substantially similar to an explicit trust . . . . . . . . . . . . . .

Part III
6a

Tax Computation

Summary of attached Schedules A (see instructions for line 6b)

GST tax
(From Sch. A, Part IV, line 28)

Schedule A No.

1
2
3
4
5
6
6b
7
8
9

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Total from all additional Schedules A, in excess of six, attached to this form . .
Total GST tax (add lines 6a1 through 6b) . . . . . . . . . . . . .
Payment, if any, made with Form 7004 . . . . . . . . . . . . . .
Tax due. If the amount on line 7 is more than the amount on line 8, subtract line
details on how to pay, go to www.irs.gov/Payments or see the instructions . .

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8 from line 7. For
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6a1
6a2
6a3
6a4
6a5
6a6
6b
7
8
9

10a

Overpayment. If the amount on line 8 is more than the amount on line 7, subtract line 7 from line 8
and complete lines 10b, 10c, and 10d . . . . . . . . . . . . . . . . . . . .
b Routing number
c Type:
Checking
Savings
d Account number

10a

Under penalties of perjury, I declare that I have examined this return, along with accompanying schedules and statements, and to the best of my knowledge and belief, it is
true, correct, and complete. Declaration of preparer (other than trustee or designated filer) is based on all information of which preparer has any knowledge.

Sign
Here
Date

Signature

Paid
Preparer
Use Only

Preparer’s name

Preparer’s signature

Date

Firm’s name

PTIN

Firm’s EIN

Firm’s address

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 706.

Check
if
self-employed

Phone no.

Cat. No. 10329M

Form 706-GS(T) (Rev. 12-2025) Created 9/12/25
Also identified as Form 706-GST

Form 706-GS(T) (Rev. 12-2025)

Part IV

Page 2

Supplemental Trust Information

11

Show how inclusion ratio was calculated when property has been contributed to this trust. (Complete if answered “Yes” on
Part II, line 3.)

12

Describe terminations that occurred during the calendar year that are not reported on this return. (Complete if answered “Yes”
on Part II, line 4.)

13

Describe what makes the effect of this arrangement substantially similar to an explicit trust. (Complete if answered “Yes” on
Part II, line 5.)

Form 706-GS(T) (Rev. 12-2025)

Page 3

Form 706-GS(T) (Rev. 12-2025)

Schedule A
If additional entries are needed, duplicate and use this page.
A Name of trust

B Schedule A No.
C TIN of trust

Part I—Taxable Termination (see instructions)

1

2
3
4

(a)
Name of skip persons

5

6
7

8
9
10

Yes No

Has any exemption been allocated to this trust by reason of the deemed allocation rules of section 2632? If
“Yes,” enter the inclusion ratio in Part IV, line 25, of this Schedule A, and describe how the inclusion ratio was
calculated in Part V, line 29, of this Schedule A . . . . . . . . . . . . . . . . . . . . .
Have any contributions been made to this trust that were not included in calculating the trust’s inclusion ratio? If
“Yes,” complete Part V, line 30, of this Schedule A, explaining why the contribution was not included . . .
Has the special QTIP election in section 2652(a)(3) been made for this trust? . . . . . . . . . . . .
Enter information regarding skip persons.
(b)
SSN or EIN of skip person

(c)
Item no. from line 7 below in which interest held

Describe the terminating power or interest.

If you elect alternate valuation, check here . . . . . . . . . . . . .
Describe each property subject to the taxable termination.
(a)
(c)
(b)
Description of property subject to termination
Item no.
Date of termination

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(d)
Valuation date

Add all amounts in column (e) . . . . . . . . . . . . . . . . . . .
Total from column (e) from additional Schedule(s) A, Parts I, attached to this schedule
Total value. Add lines 8 and 9. Enter here and on Schedule A, Part IV, line 22 . . .

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(e)
Value

8
9
10
Form 706-GS(T) (Rev. 12-2025)

Page 4

Form 706-GS(T) (Rev. 12-2025)

Schedule A
If additional entries are needed, duplicate and use this page.
A Name of trust

B Schedule A No.
C TIN of trust

Part II—General Trust Debts, Expenses, and Taxes (Section 2622(b)) (see instructions)
11

Enter only items related to the entire trust.

(a)
Item no.

12
13
14
15
16

(b)
Description

Add all amounts in column (c) . . . . . . . . . . . . . . . . . . .
Total from column (c) from additional Schedule(s) A, Parts II, attached to this schedule
Total Schedule A, Part II, amount. Add lines 12 and 13 . . . . . . . . . . .
Percentage allocated to the termination in Part I, line 5, on this Schedule A . . . .
Net deduction. Multiply line 14 by line 15 . . . . . . . . . . . . . . .

(c)
Amount

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12
13
14
15
16

%

Form 706-GS(T) (Rev. 12-2025)

Page 5

Form 706-GS(T) (Rev. 12-2025)

Schedule A
If additional entries are needed, duplicate and use this page.
A Name of trust

B Schedule A No.
C TIN of trust

Part III—Specific Termination-Related Debts, Expenses, and Taxes (Section 2622(b)) (see instructions)
17
Enter only items related solely to terminations appearing on corresponding Schedule A.
(a)
(b)
Item no.
Description

18
19
20
21

Add all amounts in column (c) from this Schedule A, Part III . . . . . . . . . . . . .
Total from column (c) from additional Schedule(s) A, Parts III, attached to this schedule . . . .
Total Schedule A, Part III, amount. Add lines 18 and 19 . . . . . . . . . . . . . . .
Total. Add line 16 from Part II and line 20 from Part III. Enter here and on Schedule A, Part IV, line 23

(c)
Amount

18
19
20
21

Form 706-GS(T) (Rev. 12-2025)

Page 6

Form 706-GS(T) (Rev. 12-2025)

Schedule A
A Name of trust

B Schedule A No.
C TIN of trust

Part IV—Schedule A GST Tax Calculation
22
Total from Schedule A, Part I, line 10 . . . . . . . . . . . . . . . . . . . . .
23
Total from Schedule A, Part III, line 21 . . . . . . . . . . . . . . . . . . . .
24
Taxable amount. Subtract line 23 from line 22 . . . . . . . . . . . . . . . . . .
25
Inclusion ratio. Complete Part V, line 29, describing computation . . . . . . . . . . .
26
Maximum federal estate tax rate. See instructions for rate to enter . . . . . . . . . . .
27
Applicable rate. Multiply line 25 by line 26 . . . . . . . . . . . . . . . . . . .
28
GST tax. Multiply line 24 by line 27. Enter here and on Part III, Tax Computation, line 6 . . . .
Part V—Supplemental Information
29
Describe how inclusion ratio was calculated in accordance with the allocation rules of section 2632.

30

22
23
24
25
26
27
28

%

Explain why the contribution was not included in the inclusion ratio. (Complete if answered “Yes” on Schedule A, Part I, line 2.)

Form 706-GS(T) (Rev. 12-2025)