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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