Federal Notification of Distribution From a Generation-Skipping Trust

Notification of Distribution From a Generation-Skipping Trust
Form 706-GS (D-1) (Rev. October 2008)
706-GS(D-1)

Form

Notification of Distribution From a
Generation-Skipping Trust

OMB No. 1545-1143

Complete for each skip person distributee. See separate instructions.
For calendar year

Copy A: Send to IRS

(Rev. October 2008)
Department of The Treasury
Internal Revenue Service

Part I

General Information

1a Skip person distributee’s identifying number (see instructions)

2a Trust’s employer identification number (see instructions)

1b Skip person distributee’s name, address, and ZIP code

2b Trust’s name, address, and ZIP code

Part II
3

Distributions

Describe each distribution below. (see instructions)

a
Item
no.

b
Description of property

c
d
Date of
Inclusion
distribution
ratio

e
Value
(see instructions)

f
Tentative transfer
(multiply col. e by col. d)

1

Part III

Trust Information (see instructions)

4

If this is not an explicit trust, check here and attach a statement describing the arrangement that makes its effect
©
substantially similar to an explicit trust

5

Has any property been contributed to this trust since the last Form 706-GS(T) or (D-1) was filed? If “Yes,” attach
a schedule showing how the trust’s inclusion ratio has been refigured
Have any contributions been made to this trust since the last Form 706-GS(T) or (D-1) was filed that were not
included in calculating the trust’s inclusion ratio? If “Yes,” attach a statement explaining why the contributions
were not included
Has any exemption been allocated to this trust by reason of the deemed allocation rules?

6

7

Yes No

Under penalties of perjury, I declare that I have examined this return, including 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 is based on all information of which preparer has any knowledge.

Signature of trustee

©

Signature of preparer other than trustee
Address

©

Date

©

Date

©

©

For Paperwork Reduction Act Notice, see page 5 of the separate trustee’s instructions.

Cat. No. 10328B

Form

706-GS(D-1)

(Rev. 10-2008)

706-GS(D-1)

Form

Notification of Distribution From a
Generation-Skipping Trust

(Rev. October 2008)
Department of The Treasury
Internal Revenue Service

Part I

OMB No. 1545-1143

Copy B: For
Distributee

Complete for each skip person distributee. See separate instructions.
For calendar year

General Information

1a Skip person distributee’s identifying number (see instructions)

2a Trust’s employer identification number (see instructions)

1b Skip person distributee’s name, address, and ZIP code

2b Trust’s name, address, and ZIP code

Part II
3

Distributions

Describe each distribution below (see instructions).

a
Item
no.

b
Description of property

c
d
Date of
Inclusion
distribution
ratio

e
Value
(see instructions)

f
Tentative transfer
(multiply col. e by col. d)

1

Skip person distributee. To report this distribution, you must file Form 706-GS(D), Generation-Skipping Transfer Tax Return for
Distributions, at the following address: Department of the Treasury, Internal Revenue Service Center, Cincinnati, OH 45999.
For Paperwork Reduction Act Notice, see page 5 of the separate trustee’s instructions.

Form

706-GS(D-1)

(Rev. 10-2008)

Instructions for Skip Person Distributee
General Instructions

Specific Instructions

Purpose of Form

Part I

Form 706-GS(D-1) is used by a trustee to report to the
distributee and to the Internal Revenue Service
distributions from a trust that are subject to the
generation-skipping transfer tax. The skip person
distributee uses the information on Form 706-GS(D-1)
to complete Form 706-GS(D), Generation-Skipping
Transfer Tax Return for Distributions.
Attach a copy of each Form 706-GS(D-1) you
received during the year to your Form 706-GS(D). You
should also keep a copy for your records.

Errors
If you believe the trustee has made an error on your
Form 706-GS(D-1), notify the trustee and ask for a
corrected Form 706-GS(D-1). Do not change any items
on your copy. Be sure to ask the trustee to send a
copy of the corrected Form 706-GS(D-1) to the IRS.

Line 2a. Enter the trust’s employer identification
number from Part I of this form on Form 706-GS(D),
Part II, column a.

Part II
Column a. Use the same item number used here for
the corresponding entry on Form 706-GS(D), Part II,
column b.
Column c. The date of distribution is the date the title
to the property distributed passed from the trustee to
the distributee. This is the date used to determine the
value of the distribution.
Column f. Enter the tentative transfer amount on Form
706-GS(D), Part II, column c.