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In 2 0 2 4 , Natalie transferred $ 5 0 0 , 0 0 0 of bonds to a revocable trust with directions to

In 2024, Natalie transferred $500,000 of bonds to a revocable trust with directions to the trustee to pay income to her aunt for five years, after which the corpus is to be distributed to Natalie's niece. At year-end, the trustee paid $20,000 of income to the aunt. Which of the following is a true statement?

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