Solomon, age $50,$ established a Sec. $529$ savings plan $16$ years ago to save for college expenses for his son, Martin. Solomon made total contributions to the plan of $$60,000$ over the course of ten years, then stopped making contributions during Martin$$s senior year of high school when the account value was $$135,000.$ Due to Martin$$s hard work, he received several scholarships to help cover the cost of college. Martin graduated from college with a bachelor$$s degree and does not intend to further his education. There is currently $$50,000$ remaining in the $529$ plan. Which of the following is true regarding their ability to roll funds from the $529$ plan to a Roth IRA in $2024?$

Question $6$ options:

The remaining $$50,000$ can be rolled over to Solomon's Roth IRA without tax or penalty in $2024.$

Solomon and Martin are not eligible to roll funds from the $529$ plan to a Roth IRA in $2024.$

An amount up to the annual IRA contribution limit can be rolled over to Martin's Roth IRA in $2024.$

$$35,000$ can be rolled over to Martin's Roth IRA in $2024.$