Which of the following is NOT a T-Sub item?

• A. Life insurance
• B. One-half of a qualified pension and profit sharing benefits
• C. Gifts under 13k made within 1 year of death
• D. US government bonds

Answer: (D)

T-Sub items are transfers that the transfer-tax framework pulls into the decedent’s estate for tax purposes. Life insurance owned by the decedent (or with retained incidents of ownership) is counted in the gross estate, so the death benefit or policy value becomes part of the estate. Similarly, retirement benefits from a qualified pension or profit-sharing plan to which the decedent had rights are included in the estate, making that portion a T-Sub item. Gifts made within the look-back period before death are also brought into the estate under the three-year inclusion rule, so gifts administered within that window can be taxable as part of the estate. US government bonds do not fit this same treatment in this context, so they are not a T-Sub item.