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


### Answer
The term **qualified terminable interest property** is defined in *26 U.S.C. § 2056* as follows -

> 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

#### Citation:
  - *26 U.S.C. § 2056*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 11-ESTATE TAX > Subchapter A-Estates of Citizens or Residents > PART IV-TAXABLE ESTATE**

