Question 5 1 pts What is the taxable character of distributions that are made from a Roth IRA? Tax deferred income when converted to a traditional IRA Tax-free income if the distribution meets the holding period and qualified distribution requirements Capital gain income if the distribution meets the required holding period Ordinary income if the taxpayer fails to make required minimum distributions D Question 6 1 pts Which of following statements regarding a nonqualified distribution from a Roth IRA is NOT correct? O A distribution that consists of earnings will always be subject to the 10% penalty for that portion of the distribution. A distribution made before the 5-year period may avoid the 10% penalty if other conditions are A distribution that consists of conversion amounts may avoid the 10% penalty for the conversion portion. A distribution that consists of earnings will always be subject to income taxation