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3 Required information [The following information applies to the questions displayed below.) Tim has worked for one employer his entire career. While he was working,
3 Required information [The following information applies to the questions displayed below.) Tim has worked for one employer his entire career. While he was working, he participated in the employer's 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). Right click on the attached Adobe document and select open in new window. Then, download the Tax Form and enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save." (Use 2020 amounts regardless of the year on the form.) OMB No. 1545-0074 Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Rev. January 2020) Department of the Treasury Attach to Form 1040, 1040-SR, or 1040-NR. Internal Revenue Service (99) Go to www.irs.gov/Form5329 for instructions and the latest information. Name of individual subject to additional tax. If married filing jointly, see instructions. 2019 Attachment Sequence No. 29 Your social security number Home address (number and street), or P.O. box if mail is not delivered to your home Apt. no. Fill in Your Address Only if You Are Filing This Form by Itself and Not With Your Tax Return City, town or post office, state, and ZIP code. If you have a foreign address, also complete the spaces below. See instructions. If this is an amended return, check here Foreign postal code Foreign country name Foreign province/state/county If you only owe the additional 10% tax on early distributions, you may be able to report this tax directly on Schedule 2 (Form 1040 or 1040-SR), line 6
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