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D Question 7 1 pts Which of the following statements is NOT correct regarding the conversion of a traditional IRA to a Roth IRA? An

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D Question 7 1 pts Which of the following statements is NOT correct regarding the conversion of a traditional IRA to a Roth IRA? An amount distributed from a traditional IRA can be rolled over to a Roth IRA within 60 days of the distribution An amount in a traditional IRA may be transferred to a Roth IRA maintained by the same trustee The IRA owner's modified adjusted gross income (MAGI) cannot exceed $100,000 in the year of the conversion An amount in a traditional IRA may be transferred in a trustee-to-trustee transfer from the trustee of the traditional IRA to the trustee of the Roth IRA. Question 8 1 pts Which of the following statements regarding contributions to a traditional IRA IS CORRECT? A taxpayer who is considered an active participant in an employer-sponsored retirement plan may also be eligible to contribute the maximum amount to a traditional IRA Allmony and rental income are considered earned income for the purposes of making a deductible contribution to a traditional IRA Deductible contributions to an employed individual's IRA and an unemployed spouse's spousal IRA are limited to the lesser of 100% of earned Income or $3.000. There are no restrictions on the deductibility of contributions provided the individual is an active participant in an employer-sponsored retirement plan D Question 9 1 pts

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