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Tim has worked for one employer his entire career. While he was working, he participated...

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Accounting

Tim has worked for one employer his entire career. While he was working, he participated in the employers defined contribution plan [traditional 401(k)]. At the end of 2020, Tim retires. The balance in his defined contribution plan is $2,000,000 at the end of 2019. (Use Exhibit 13-3.) (Leave no answer blank. Enter zero if applicable.)

e. Complete Form 5329, page 2, to report the minimum distribution penalty in part (d).

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