Which of the following statements about converting a traditional IRA t
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
ANSWER
Answer: B
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