Which of the following statements regarding a Qualified Personal Residence Trust (QPRT) is/are correct? Check all that apply:

Group of answer choices A QPRT is generally inappropriate for vacation homes

After the trust term, the house will revert back to the grantor

At the end of the QPRT term, the grantor must begin paying rent to the remainder beneficiaries of the QPRT if he continues to live in the residence, otherwise, the house will be included in the grantor's gross estate

The grantor will have a taxable gift upon the creation of the QPRT