Andrew, age 32, has a traditional IRA that he established several years ago. He incurs qualified higher education expenses for his daughter of 32,500 during the year and withdraws the amount from his traditional IRA to pay the tuition. Which of the following statements is true? If an exception applies for the distribution, Andrew will not be subject to the 10% additional tax for an early distribution A 10% additional tax applies to all distributions made prior to reaching age 59.5 ino exceptions Traditional IRAs are exempt from early withdrawal penalties If Andrew repays the money within 1 year, he can exclude the distribution from taxable income