Form 706-QDT

Form 706-QDT

A form one files with the IRS to declare the estate tax liability for distributions from a qualified domestic trust or for the remaining value of the trust after the death of a second spouse.
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IRS form 706-QDT is due on the 15th day of the month following a distribution of non-hardship principal to the non-U.
Even though the distributions for hardship are tax free, they must be reported on Form 706-QDT, U.
If there is more than one QDOT and more than one trustee, an election should be made to report the designated return filer of the Form 706-QDT.
Regardless of whether all distributions are made for hardship purposes, a Form 706-QDT must still be filed.
For purposes of the bond or letter of credit, the election may be made on the federal estate tax return, or prospectively, at any time, by attaching a written statement to the Form 706-QDT.