In which of the following situations will the grantor be taxed on income from trust property.
l. The grantor of a trust gives one of the trust beneficiaries the right to add or delete beneficiaries.
ll. An adverse party to the grantor holds the power to determine the timing to trust distributions to the beneficiaries.
A . l only
B . II only
C . Both l and ll
D . Neither I nor II
Answer: D
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