Form Mi-706 - Michigan Estate Tax Return Page 9
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9Michigan Generation-Skipping
Transfer (GST) Tax
• Send a copy of the worksheet to Michigan.
If a Generation-Skipping Transfer Tax Return for
Distributions (U.S. 706GS(D)) or Generation-Skipping
• Pay the apportioned share of the state death tax credit
Transfer Tax Return for Terminations (U.S. 706GS(T))
(Worksheet 1, line 8).
is required, then Michigan GST tax may be due. Michigan
• Attach a copy of the U.S. 706GS(D) or
tax is due if the transfer occurred after September 30,
U.S. 706GS(T).
1993 and a state death tax credit is available on the
If the original transferor was a nonresident of
federal return.
Michigan with real or tangible personal GST property
If the original transferor was a Michigan resident at
located in Michigan, complete Worksheet 2 then do the
the time of the transfer and all real and tangible
following:
personal GST property was located in Michigan, do
• Send a copy of the worksheet to Michigan.
the following:
• Pay the apportioned share of the state death tax credit
• Send a copy of the U.S. 706GS(D) or U.S. 706GS(T),
(Worksheet 2, line 5).
and
• Attach a copy of the U.S. 706GS(D) or
• Pay the amount shown on the U.S. 706GS(D) or U.S.
U.S. 706GS(T).
706GS(T) Schedule A.
If you have any questions about computing the amount
If the original transferor was a Michigan resident
of Michigan GST tax due, call (517) 636-4330.
with real or tangible personal GST property located
in another state, complete Worksheet 1, then do the
following:
GST Worksheet 1
.00
1. Total gross transfer ................................................................................................................... .1.
2. Creditable state GST tax (from U.S. 706GS(D) or
.00
U.S. 706 GS(T) Schedule A. ...................................................................................................... 2.
3. Gross value of real and tangible personal property located in other states
.00
that is subject to GST ................................................................................................................ 3.
%
4. Percent of out-of-state GST property. Divide line 3 by line 1 ........................................................ 4.
.00
5. Percentage of tax attributable to other states. Multiply line 2 by percentage on line 4.................... 5.
.00
6. Enter amount of state GST taxes paid to other states. (Attach proof of payment.) ......................... 6.
.00
7. Credit for GST taxes paid to another state. Enter the smaller of line 5 or line 6............................. 7.
.00
8. MICHIGAN GST TAX. Subtract line 7 from line 2........................................................................ 8.
GST Worksheet 2
.00
1. Total gross transfer ................................................................................................................... 1.
2. Creditable state GST tax (from U.S. 706GS(D) or
.00
U.S. 706 GS(T) Schedule A ....................................................................................................... 2.
3. Gross value of real and tangible personal property located in Michigan
.00
that is subject to GST ................................................................................................................ 3.
%
4. Percent of Michigan GST property. Divide line 3 by line 1............................................................ 4.
.00
5. MICHIGAN GST TAX. Multiply line 2 by the percentage on line 4 ................................................ 5.
6
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