NAIMMCQ Tax Any distribution of income from a Qualified Tuition Plan not used for qualified higher education expenses is both included in income and subject to a 10% penalty.

Any distribution of income from a Qualified Tuition Plan not used for qualified higher education expenses is both included in income and subject to a 10% penalty.

Tax

Any distribution of income from a Qualified Tuition Plan not used for qualified higher education expenses is both included in income and subject to a 10% penalty.

Answer: TRUE

NAIMMCQ

Any distribution of income from a Qualified Tuition Plan not used for qualified higher education expenses is both included in income and subject to a 10% penalty.

Any distribution of income from a Qualified Tuition Plan not used for qualified higher education expenses is both included in income and subject to a 10% penalty.

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