Which of the Following Statements Regarding Qualified Tuition Programs Is

question 74

Multiple Choice

Which of the following statements regarding qualified tuition programs is incorrect?

• A)Distributions from income earned by a qualified tuition program are tax-free if used for qualified higher education expenses.
• B)Distributions of income are taxed to the donor if the proceeds are not used for qualified education expenses.
• C)Income earned by a qualified tuition program is tax-free if the distribution is used to pay for $10,000 of tuition at private elementary or high schools.
• D)Contributions to a qualified tuition program are distributed tax-free.