Question
Which of the following is true? I. The American Opportunity Credit can be used for up to 4 years II. 529s can be used without
Which of the following is true?
I. The American Opportunity Credit can be used for up to 4 years
II. 529s can be used without penalty for private high school expenses
Select one:
a.
I only
b.
II only
c.
I and II
d.
Neither is true
2.
Which of the following is true?
I. The Roth IRA is never a useful tool for college planning because you can not withdraw the money prior to age 59 without a penalty
II. A withdrawal from an IRA before age 59 is not taxable as long as the proceeds are used for qualified higher education expenses
Select one:
a.
I only
b.
II only
c.
I and II
d.
Neither is true
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