Which of the following statements is true for a Qualified Tuition Plan (QTP)?

A Undergraduate or graduate students must be attending full-time.

B Tax-free distributions are permitted of up to $10,000 per year for tuition and room and board at K12 schools.

C Amounts in a QTP can be rolled over to a QTP of another family member.

D In a year that a tax-free distribution is taken from a Qualified Tuition Plan, the taxpayer cannot also claim a Lifelong Learning Credit.