Regarding a Coverdell Education Savings Account: a. Distributions are tax-free to the beneficiary if they are used

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Regarding a Coverdell Education Savings Account:

a. Distributions are tax-free to the beneficiary if they are used for his or her qualified education expenses.

b. Qualified education expenses include required tuition, fees, books, supplies, and equipment at an eligible education institution.

c. Qualified expenses must be reduced by scholarships or other tax-free income. 

d. All of the above apply.

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Related Book For  answer-question

Fundamentals Of Taxation 2019

ISBN: 9781260158670

12th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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