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K.A.R. 92-2-61

Qualified terminable interest property election.

Official textus-ks/regssos.ks.govlast amended
Summarize

# (a)

A qualified terminable interest property election shall be made on form IH 80, Kansas inheritance tax return for estates filing federal estate tax returns, or form IH 90, Kansas inheritance tax return for estates not filing federal estate tax returns, and by attaching or including information sufficient to identify the particular assets or groups of assets subject to the election.
A qualified terminable interest property election may be made without regard to the filing of, or making of a similar election on, a federal estate tax return. The election shall be irrevocable once it is made.

# (b)

Elections, including less than all qualified property, shall be allowed. If a partial election is made, a computation schedule or other information sufficient to identify the particular assets or groups of assets subject to the partial election shall be included. If identification of particular assets is not possible, the dollar amount, or percentage, of all assets subject to the election shall be indicated. (Authorized by K.S.A. 79-1583; implementing K.S.A. 79-1537d; effective May 1, 1986.)

Amendment history

(Authorized by K.S.A. 79-1583; implementing K.S.A. 79-1537d; effective May 1, 1986.)

Source: official source document (2022 KAR Book 4, Kansas Secretary of State)

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In this article (40 sections)
  1. 92-2-41 · 92-2-41
  2. 92-2-42 · 92-2-42
  3. 92-2-43 · 92-2-43
  4. 92-2-44 · 92-2-44
  5. 92-2-45 · 92-2-45
  6. 92-2-46 · 92-2-46
  7. 92-2-47 · 92-2-47
  8. 92-2-48 · 92-2-48
  9. 92-2-49 · 92-2-49
  10. 92-2-50 · 92-2-50
  11. 92-2-51 · 92-2-51
  12. 92-2-52 · 92-2-52
  13. 92-2-53 · 92-2-53
  14. 92-2-54 · Transfer of assets prior to payment of tax.
  15. 92-2-55 · 92-2-55
  16. 92-2-56 · Family settlement agreements.
  17. 92-2-57 · Distributees; prior transfers between class A distributees.
  18. 92-2-58 · Debts forgiven by will.
  19. 92-2-59 · Surviving spouses.
  20. 92-2-60 · Charitable distributees.
  21. 92-2-61 · Qualified terminable interest property election.
  22. 92-2-62 · Tax to residue.
  23. 92-2-63 · Additional tax; credit for state death taxes.
  24. 92-2-64 · Minimum tax; credit for state death taxes.
  25. 92-2-65 · Proration of credit for state death taxes; tax chargeable…
  26. 92-2-66 · Valuation of property included in the gross estate.
  27. 92-2-67 · Special valuation of certain farm and closely held business…
  28. 92-2-68 · Exclusion of certain farm and closely held business…
  29. 92-2-69 · Transfers in contemplation of death.
  30. 92-2-70 · Transfers with retained life estate.
  31. 92-2-71 · Transfers taking effect at death.
  32. 92-2-72 · Revocable transfers.
  33. 92-2-73 · Annuities or other payments receivable by reason of surviving…
  34. 92-2-74 · Joint tenancy.
  35. 92-2-75 · Powers of appointment.
  36. 92-2-76 · Life insurance proceeds.
  37. 92-2-77 · Transfers for insufficient consideration.
  38. 92-2-78 · Proration of deductions.
  39. 92-2-79 · Deduction of expenses and debts.
  40. 92-2-80 · Expense deductions not allowable as deductions for income tax…
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