Which of the following statements is true for a qualified tuition plan (QTP)? Multiple Choice

a. In a year that a tax-free distribution is taken from a qualified tuition plan, the taxpayer cannot also claim a lifetime learning credit.

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. Undergraduate or graduate students must be attending full time.