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In 2023, Natalie transferred $500,000 of bonds to a revocable trust with directions to the trustee to pay income to her aunt for five years,
In 2023, 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 $19,000 of income to the aunt. Which of the following is a true statement? Multiple Choice Natalie has made a complete gift of $500,000. Natalie has made a taxable gift of $2,000. Natalie has not made a complete gift because the trust is revocable. Natalie has made a taxable gift of $19,000. None of the choices are correct.
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