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Required information [ The following information applies to the questions displayed below. ] Tim has worked for one employer his entire career. While he was

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 2023, Tim retires. The balance in his defined contribution plan at the end of 2022 was $2,000,000.(Use Exhibit 13-3.)
Note: Leave no answers blank. Enter zero if applicable.
a. What is Tim's required minimum distribution for 2023 that
musir.be distributed in 2024 if he is 68 years old at the end of 2023?
Minimum required distribution
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