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A taxpayer who is required to take an RMD of $10,000 in TY2023 fails to do so during the year. What is the base level
A taxpayer who is required to take an RMD of $10,000 in TY2023 fails to do so during the year. What is the base level excess accumulation penalty that this taxpayer will owe before any potential corrective steps are taken? Select one: a. $0; No penalty b. $1,000 c. $5,000 d. $2,500
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