qualified terminable interest property

(i)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. (ii)The surviving spouse has a qualifying income interest for life if— (I)the surviving spouse is entitled to all the income from the property, payable annually or at more frequent intervals, or has a usufruct interest for life in the property, and (II)no person has a power to appoint any part of the property to any person other than the surviving spouse.

Source

26 USC § 2056(b)(7)(B)(i)


Scoping language

For purposes of this paragraph
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