Which of the following statements is an inaccurate statement regarding the tax implications of the use of the IRC 2503(c) trust

a. gifts to IRC 2503(c) trusts qualify for the annual exclusion.

b. property owned by an IRC 2503(c) trust will be excluded from the donor's gross federal taxable estate as long as the donor is not the trustee.

c. income earned by an IRC 2503(c) trust will generally be taxable to the beneficiary to the extent distributions are made to him, with all remaining trust income taxed to the trust.

d. all of the above statements are correc