Which of the Following Statements About Converting a Traditional IRA

question 4

Multiple Choice

Which of the following statements about converting a traditional IRA to a Roth IRA is (are) true?
I.Such conversions can be done with no income tax consequences.
II.Qualified distributions from a Roth IRA after a conversion are received tax-free.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Violent Acts

Behaviors that involve force with the intent to hurt, damage, or kill someone or something.

Nonviolent Acts

Actions or behaviors that do not involve physical force or harm.

Sexually Abusive Husbands

Husbands who engage in the physical, sexual, psychological, or emotional abuse of their partners.

Counselor

A professional who provides guidance and support in personal, social, or psychological matters, often helping individuals navigate challenges and make decisions.