Feb 14: Due to inclement weather, the Vancouver office will be closed all day, and the Tumwater office will be closed until 10 a.m.
Feb 14: Due to inclement weather, the Vancouver office will be closed all day, and the Tumwater office will be closed until 10 a.m.
The following information provides a general explanation of qualified terminable interest property (QTIP).
If electing or reporting qualified terminable interest property:
QTIP property must meet all of the following conditions:
The surviving spouse has a qualifying income interest for life if all of the following conditions exist:
The term “property” includes an interest in property.
The QTIP election:
For additional information, see RCW 83.100.047.
Send us your question or call 360-704-5906, option 1, to speak with an estate tax examiner.