When a Rollover IRA Is Used to Shelter Lump-Sum Distributions

When a Rollover IRA is used to shelter lump-sum distributions from employer-sponsored retirement accounts,there

A) is a $25,000-a-year limitation.
B) will be no tax liability, but there will be a 10 percent penalty on the funds put in the IRA.
C) will be no 10 percent penalty, but there will be a tax liability on the distribution put in the IRA.
D) is no immediate tax liability or penalty on the funds put in the IRA.