Question ID: $1621444$

Which of these statements regarding the conversion of a traditional IRA consisting entirely of deductible contributions and earnings to a Roth IRA is CORRECT?

A$)$

Taxpayers who have already reached their required beginning date $($RBD$)$ may not convert a traditional IRA to a Roth IRA.

B$)$

The $10\%$ premature penalty always applies if the owner is not at least $59(1)/(2)$ years old.

C$)$

The owner is income taxed on the converted amount.

D$)$

Conversions are best if the funds will be withdrawn in the near future $($next $13$ years$).$