Beneficiary is attending at least half-time

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Quesiton: 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. Qualified expenses for room and board can be withdrawn from a QTP and qualified expenses for tuition can be used to claim an American Opportunity Credit. 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.

Reference no: EM133611105

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