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

In 2022, 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 $17,000 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 $1,000.
Natalie has not made a complete gift because the trust is revocable.
Natalie has made a taxable gift of $17,000.
None of the choices are correct.

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