When comparing penalties for nonqualified withdrawals on the Coverdell Education Savings Account and the two types of Section 529 plans, which of the following requires payment of taxes on investment earnings plus a 10 percent penalty?
A) Coverdell Education Savings Account
B) Section 529 prepaid tuition plan
C) Section 529 savings plan
D) All of these plans.
Correct Answer:
Verified
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