### Question
How is the term qualified terminable interest property defined?


### Answer
The term **qualified terminable interest property** is defined in *26 U.S.C. § 1022* as the following:

> property—


(i) which passes from the decedent, and


(ii) in which the surviving spouse has a qualifying income interest for life

#### Citation:
  - *26 U.S.C. § 1022*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter O-Gain or Loss on Disposition of Property > PART II-BASIS RULES OF GENERAL APPLICATION**

