With respect to a Qualified Tuition Plan, which of the following statements is incorrect? Multiple Choice A QTP can be rolled over to a QTP of another family member. Similar to an IRA, contributions to a QTP are deductible on a federal tax return. Room and board is a qualified expense if the beneficiary is attending at least half-time. Qualified expenses for room and board can be withdrawn from a QTP and qualified expenses for tuition can be used to claim an American Opportunity Credit