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SCHEDULE R1 (Form 706) Generation Skipping Transfer Tax OMB No. 15450015 (Rev. August 2013) Department of the Treasury Internal Revenue Service Direct Skips From a Trust Payment Voucher Executor:

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What is schedule r-1 generation-skipping transfer?

Schedule R-1 Generation-Skipping Transfer is a form that is used to report generation-skipping transfers for a trust.

Who is required to file schedule r-1 generation-skipping transfer?

The trustee of a trust that has experienced a generation-skipping transfer is required to file Schedule R-1 Generation-Skipping Transfer.

How to fill out schedule r-1 generation-skipping transfer?

Schedule R-1 Generation-Skipping Transfer must be completed by providing information about the trust, the transferor, and the beneficiaries.

What is the purpose of schedule r-1 generation-skipping transfer?

The purpose of Schedule R-1 Generation-Skipping Transfer is to report generation-skipping transfers and ensure proper taxation of such transfers.

What information must be reported on schedule r-1 generation-skipping transfer?

Information such as the trust's details, transferor's details, beneficiaries' details, property transferred, and the generation-skipping transfer tax calculation must be reported on Schedule R-1.

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