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Assets held in a Coverdell Education Savings Account that are not used by education purposes: become fully taxable when distributed. are subject to a 10

  1. Assets held in a Coverdell Education Savings Account that are not used by education purposes:
  1. become fully taxable when distributed.
  2. are subject to a 10 percent penalty when distributed.
  3. are eligible to be rolled over into a Roth IRA.
    1. II only
    2. I and II only
    3. II and III only
    4. I, II, and III

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