InstantForum.NET v4.1.4California Society of CPAshttp://forums.calcpa.org/forums@calcpa.orgSat, 20 Mar 2010 15:47:00 GMT20http://forums.calcpa.org/Topic823-2-1.aspxYes, the expenses allocated to the interest passing to the skip-person would reduce the amount of GSTT exemption to be allocated to that interest.Fri, 09 Oct 2009 10:35:51 GMTDonita Josephhttp://forums.calcpa.org/Topic823-2-1.aspxThe amount to report on Schedule R would be net of the expenses borne by the interest passing to the skip person.Tue, 06 Oct 2009 16:57:03 GMTDonita Josephhttp://forums.calcpa.org/Topic823-2-1.aspxSkip persons share of estate on 706 Part 4, page 2 is 495,000 and there is no GST tax. The schedule R, Part 1 Line 4 shows 505,000 which is the share of the assets without regard to the expenses reported on J,K,L. I am wondering if I have to work around the program or if it is correct to use the share of the gross estate without regarding to expenses when preparing the schedule R. Since there is no GST tax it is not a tax issue, I would just like to understand the proper way to report this for the future.</P><P>Thank you for your help.</P><P>Susan E. Cohen</P><P><A href="mailto:scohen@sscllp.com">scohen@sscllp.com</A>Fri, 25 Sep 2009 09:56:08 GMTSusan E. Cohen