I appreciate your explanation. I found different answers on these questions and it can be confusing.

7. For a beneficiary to receive a qualified distribution from a Roth IRA, who must meet the five-year requirement? A. The beneficiary, after taking distributions. B. Both the owner and the beneficiary. C. Either the owner or the beneficiary, before taking distributions.

8. Which statement about the American Opportunity Tax Credit and the lifetime learning credit is FALSE? A. A portion of the American Opportunity Tax Credit is a refundable credit. B. An eligible individual for the lifetime learning credit may be enrolled part-time. C. Only four-year universities are eligible institutions for the American Opportunity Tax Credit and the lifetime learning credit.