The Code defines a grantor trust as which of the following?

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A grantor trust is one in which the grantor retains certain powers or control over the trust, such as the power to revoke or amend the trust. This means that the trust's income tax liability is generally passed through to the grantor, who reports it on his or her individual income tax return (Form 1040), rather than on the trust's own income tax return (Form 1041). Form 1041-G is not required for a grantor trust. Family members serving as trustees or annual payments to charities are not defining characteristics of a grantor trust.

The Code Defines a Grantor Trust as Which of the Following