Which of the following statements is true for a Qualified Tuition Plan (QTP).

a. Undergraduate or graduate students must be attending full-time.

b. Tax-free distributions are permitted of up to $10,000 per year for tuition and room and board at K-12 schools.

c. Amounts in a QTP can be rolled over to a QTP of another family member.

d. In a year that a tax-free distribution is taken from a Qualified Tuition Plan, the taxpayer cannot also claim a Lifelong Learning Credit.