Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Select the appropriate response Which of the following distributions from an ABLE account is not tax - free? A . The designated beneficiary used the

Select the appropriate response
Which of the following distributions from an ABLE account is not tax-free?
A. The designated beneficiary used the entire distribution for employment training
The designated beneficiary rolled the entire amount to a traditional IRA within 60 days of the distribution.
C. Funeral expenses of the disabled person absorbed the entire distribution.
The beneficiary made a transfer of the account balance to her adopted sister who is disabled.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Implementing An Audit Programme Developing And Implementing A Healthcare Audit Programme

Authors: Achal Kumar Gupta

1st Edition

3659298883, 978-3659298882

More Books

Students also viewed these Accounting questions