706-GS

Generation-Skipping Transfer Tax Return For Terminations

Agency
IRS
Revision
Rev. December 2025
Fillable fields
287
Pages
6
Official source
IRS form page
Checked
October 21, 2026
Fill 706-GS online
Page 1 of form 706-GS

Form 706-GS(T): Generation-Skipping Transfer Tax Return for Terminations

Form 706-GS(T) is the generation-skipping transfer (GST) tax return for trust terminations. The IRS says trustees use this form to figure and report the tax due from certain trust terminations that are subject to the GST tax. The December 2025 revision prints "Use for terminations made after December 31, 2024." The form is also identified as Form 706-GST.

The instructions say a taxable termination is the conclusion of an interest in property held in trust unless, immediately after the termination, a non-skip person has an interest in the property, or no distribution may ever be made from the trust to a skip person. The return has four parts plus Schedule A, where the trustee lists the terminated property, deducts trust expenses, applies the inclusion ratio and figures the GST tax.

The trustee or an authorized representative signs the return. You can fill out Form 706-GS(T) free in your browser on this page and download the result without an account.

What's on Form 706-GS(T)

Part I: General Information

The name and TIN of the trust, and the trustee's name and address, with extra lines for a foreign address.

Part II: Trust Information

Line 3 asks about new contributions, line 4 about unreported terminations under section 2611(b)(1) or (2), and line 5 is a box for a trust that is not an explicit trust.

Part III: Tax Computation

The GST tax from up to six Schedules A, any payment made with Form 7004, the tax due or overpayment, and direct deposit fields.

Part IV: Supplemental Trust Information

Lines 11, 12 and 13 explain the Yes answers in Part II: the inclusion ratio, unreported terminations and the nonexplicit trust arrangement.

Schedule A, Parts I to III

Part I lists skip persons, the terminating interest and each property with its termination date, valuation date and value. Parts II and III list trust debts, expenses and taxes.

Schedule A, Parts IV and V

Part IV figures the taxable amount, inclusion ratio, maximum federal estate tax rate, applicable rate and GST tax. Part V explains the inclusion ratio.

How to fill out Form 706-GS(T)

  1. 1

    Part I and the trust TIN

    Enter the trust and trustee details. The instructions say every filing trust has a TIN, and if it has not arrived by the due date, write "Applied for" on line 1b.

  2. 2

    Part II questions

    Answer lines 3 and 4 and check line 5 if it applies. Each Yes answer is explained later in Part IV.

  3. 3

    Schedule A, Part I

    List the skip persons, describe the terminating interest and list each property with its value. The instructions say to use a separate Schedule A for each terminating interest with a different inclusion ratio.

  4. 4

    Schedule A, Parts II and III

    Enter expenses of the entire trust in Part II, such as trustee's fees, with the percentage on line 15. Enter expenses related only to the terminated interest in Part III.

  5. 5

    Schedule A, Part IV

    Enter the inclusion ratio on line 25 and the rate on line 26. The instructions' table gives 40% for a transfer that occurred after December 31, 2012. Line 28 is the GST tax.

  6. 6

    Part III, Part IV and signature

    Carry each Schedule A tax to line 6, total it on line 7 and figure the tax due or overpayment. Complete Part IV, and the trustee or an authorized representative signs.

The instructions say to complete the form in this order: Parts I and II, Schedule A, and Parts III and IV.

Why fill Form 706-GS on indox

You get the real form, filled in a browser tab, with nothing standing between you and the finished PDF.

  • Fill the form right in your browser, no software to install
  • Free to fill and free to download, with no account
  • The official blank straight from the IRS, not a copy someone retyped
  • Works on a phone, tablet or computer

Deadline, where to file and corrections

Due date

The instructions say generally by April 15 of the year following the calendar year in which the termination occurs, or the next business day if that falls on a weekend or legal holiday.

Extension

An extension can be requested on Form 7004, filed on or before the regular due date. The instructions say the extension is automatic, with no signature or reason needed.

Where to file

Department of the Treasury, Internal Revenue Service Center, Kansas City, MO 64999. With a private delivery service: Internal Revenue Service, 333 W. Pershing Road, Kansas City, MO 64108.

Supplemental return

To change a filed return, the instructions say to file another Form 706-GS(T) marked "Supplemental Information" with a statement and a copy of the original, to Stop 824G, 7940 Kentucky Drive, Florence, KY 41042-2915.

Paying

The IRS recommends paying electronically, such as through EFTPS. A check is made payable to "United States Treasury" with the trust's TIN and "Form 706-GS(T)" written on it.

Penalties

The instructions cite section 6651 penalties for late filing and late payment unless there is reasonable cause, and a section 6662 20% penalty for certain underpayments, including valuation understatements.

Related forms

Who files Form 706-GS(T)?

  • Trustees of trusts with a taxable termination

    A termination may occur by reason of death, lapse of time, release of a power or any other means. The instructions say that, in general, all taxable terminations are subject to the GST tax.

  • Holders of nonexplicit trust property

    For an arrangement that has the same effect as a trust, such as certain insurance or annuity contracts or life estates, the instructions say the person in actual or constructive possession of the property is considered the trustee.

  • Trustees of separate trusts

    Portions of a trust from different transferors, or separate shares of different beneficiaries, are treated as separate trusts. The instructions say to file a single return with a Schedule A for each one.

  • Medical and educational exclusion

    The instructions say that when all of the property was distributed and used for medical or educational expenses covered by the gift tax exclusion, the termination is not a generation-skipping transfer and is not reported on this form.

  • Trusts irrevocable on September 25, 1985

    The instructions say the GST tax does not apply to a termination of an interest in a trust that was irrevocable on September 25, 1985, except for the part from later additions.

The form is filed by the trustee of a trust, not by the beneficiaries who receive the property. The instructions say that, in general, the trustee of any trust that has a taxable termination files Form 706-GS(T) for the tax year in which the termination occurred.

Official sources and the blank

Do it all with indox

View all 123 tools

Questions about Form 706-GS

Who files Form 706-GS(T)?

The instructions say that, in general, the trustee of any trust that has a taxable termination files it for the tax year in which the termination occurred.

What is a taxable termination?

The instructions define it as the conclusion of an interest in property held in trust, unless a non-skip person has an interest in the property immediately afterward, or no distribution may ever be made from the trust to a skip person.

When is Form 706-GS(T) due?

Generally by April 15 of the year following the calendar year in which the termination occurs. Form 7004 can be filed by that date for an automatic extension.

Which revision applies?

The December 2025 revision says to use it for terminations made after December 31, 2024.

Where does the GST exemption information come from?

The instructions say the settlor allocates the GST exemption on Form 709, or the executor of the settlor's estate does so on Form 706, so the trustee obtains it from them. They list $13,990,000 for transfers in 2025.

How is a filed return corrected?

The instructions say to file another Form 706-GS(T) with "Supplemental Information" across the top of page 1, a statement of what changed and a copy of the original return.