Karly created a $300,000 trust that provided her mother with a lifetime income interest starting on January 1, with the remainder to go to her son. Karly expressly retained the power to revoke both the income and remainder interests at any time. Who will be taxed on the trust's income?
A. Karly
B. Karly's son
C. Karly's mother
D. the trust
Answer: A
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Answer the following statement true (T) or false (F)