Which of the following is correct? If the grantor is considered the owner of a trust, he must:

A. not include any of the trust’s income, deductions, and credits in computing his taxable income

B. include 35% of the trust’s income, deductions, and credits in computing his taxable income.

C. include only 50% of the trust’s income, deductions, and credits in computing his taxable income, unless his spouse is also listed as owner.

D. include all of the trust’s income, deductions, and credits in computing his taxable income