qualified terminable interest property
Defined in 3 places of the United States Code.
For purposes of this subsection, the term “qualified terminable interest property” means any property—
(A) which is transferred by the donor spouse,
(B) in which the donee spouse has a qualifying income interest for life, and
(C) to which an election under this subsection applies.
Source
- 1994–present26 U.S.C. § 2523Internal Revenue Code · Gift to spouse · in this section
The term “qualified terminable interest property” means property—
(i) which passes from the decedent, and
(ii) in which the surviving spouse has a qualifying income interest for life.
Source
- 2001–present26 U.S.C. § 1022Internal Revenue Code · Treatment of property acquired from a decedent dying after December 31, 2009 · for purposes of this subtitle
The term “qualified terminable interest property” means property—
(I) which passes from the decedent,
(II) in which the surviving spouse has a qualifying income interest for life, and
(III) to which an election under this paragraph applies.
Source
- 1994–present26 U.S.C. § 2056Internal Revenue Code · Bequests, etc., to surviving spouse · under this section