Question: Which statement regarding ABLE accounts is FALSE?contributions to an ABLE account must be incashContributions to an ABLE account are deductibleAmounts in an ABLE account may
Which statement regarding ABLE accounts is FALSE?contributions to an ABLE account must be incashContributions to an ABLE account are deductibleAmounts in an ABLE account may be rolled intoanother ABLE account taxfreeDistributions from an ABLE account are generally included in distributee's income to extent of earnings on the account
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
