What is the form used for?
To figure the GST tax that is payable by certain trusts that are includible in the gross estate.
Is the form Supported in our program? The Schedule R-1 form is supported by the 706 Estate Tax package available to our Desktop software.
How to access the form: While in a return, use the Add Form function to add a new "706 Sch R" form to the return.
Limits to the form: This form is only available to the 706 Estate Tax package which is exclusive to the Desktop software. You may only have one copy of this form in the return.
IRS Link: https://www.irs.gov/pub/irs-pdf/f706sr1.pdf
