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 404)) At the end of 2019. Tim retires. The balance in his defined contribution plan is $2,000,000 at the end of 2018. (Use Ext 3) (Leave no answer blank. Enter zero if applicable) 15 e. Complete Form 5329, page 2, to report the minimum distribution penalty in part (d). Right click on the ottached 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 Tox Form to your computer and then upload it here by clicking "Browse." Next, click "Save." (Use 2019 amounts regardless of the year on the form.) Sol OMENS 1501-00 Fom: 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts De the Attach to Form 1040 1040-SR or 104-NR. and Rover Senica Go to www.powlForm5:39 for instructions and the latest information une de dual station wit manding on 2020 SAN 29 Home Pb Cyngor and DP code you to come the Fill in Your Address Only If You Are Filing This Form by itself and Not With Your Tax Return This is an amended retum. check here Fore. 1 if you only owe the additional 10% tax on early distributions, you may be able to report this tax directly on Schedule 2 Form 10.40). line 6, without filing Form 5329. See the instructions for Schedule 2 Form 1040), line 6 Part 1 Additional Tax on Early Distributions. Complete this part you took a taxable distribution (other than a distribution related to a qualified disaster or a coronavirus-rated distribution before you reached age sont from a qualified retirement plan including an IRA or modified endowment contract less you are reporting this tax directly on Schedule 2 Form 1040)-see above. You may also have to complete this part to indicate that you quality for an exception to the additional tax on earty distributions or for certain Roth IRA distributions. Soe instructions Early distributions included in income For Rom RA distributions, se instructions 1 2 Early distributions included online that are not subject to the additional tax free instructions Enter the appropriate exception number from the instructions 2 3 Amount subject to additional tax. Subtract line 2 from line 1 3 4 Additional tax. Enter 10% (0.10) of line 3. Include this amount on Schedule 2 Form 1040), line 6 Caution If any part of the amount on line 3 was a distribution from a SIMPLE IRA you may have to include 25% of that amount on line 4 instead of 10%. See Instructions Part II Additional Tax on Certain Distributions From Education Accounts and ABLE Accounts. Complete this part you included an amount in income, on Schedule 1 Form 1040. linetrom a Coverdell education savngs account IESA), a qualified tuition program (OTP), or an ABLE account 5 Distributions included in income from a Coverdell ESA a OTP or an ABLE account 5 & Distributions included on Ines that are not subject to the addition to see instructions) 6 7 Amount subject to additional tax. Subtract line from ine 5 7 8 Additional tax. Enter 10% (0.10 of line 7. Include the amount on Schedule 2 Form 1040), line 6 8 Part III Additional Tax on Excess Contributions to Traditional IRAs. Complete this part if you contributed more to your traditional IRAs for 2020 than is allowable or you had an amount on line 17 of your 2019 Form 5329. 9 Enter your excess contributors from line 18 of your 2018 Form 5829. See instructions. It zero, go to line 15 9 10 your traditional IRA contributions for 2020 are less than your maximum allowable contribution, see instructions. Otherwise, enter- 10 11 2020 traditional IRA distributions included in income see 11 2020 distributions of prior year excess contributions see 12 Add lines 10, 11, and 12 13 14 Prior year excess contributions Subtractine 13 from line 9.200 or less entero 14 Excess contributions for 2020 (see instructions) 15 16 Total excess contributions. Add lines 14 and 15 16 Additional tax Enter 6% (0.06) of the smaller of line 16 or the value of your traditional Pas on December 31.2020 including 2020 contributions made in 2021. Include this amount on Schedule 2 Form 10.401. line 6 17 Part IV Additional Tax on Excess Contributions to Roth IRAs. Complete this partit you contributed more to your Roth IRAs for 2020 than is allowable or you had an amount on line 25 of your 2019 Form 5329. 18 Enter your excess contributions from line 24 of your 2019 Form 5329. Se instructions or go to line 2318 19 your Roth IRA contributions for 2020 are less than your um allowable contribution, see instructions. Otherwise, enter-O- 19 20 2020 distributions from your Roth IRAs see instruction 20 21 Add Ines 19 and 20 21 22 Prior year excess contributions Subtract line 21 from line 15. or less entero 22 23 Excess contributions for 2020 instructions 24 Total excess contributions. Add lines 22 and 23 24 25 Additional tax Enter 6% (0.06 of the smaller of line 24 or the value of your Rom IAS on December 31 2020 including 2020 contributions made in 2021). Include this amount on Schedule 2 Form 1040.tine 5 25 For Privacy Act and Paperwork Reduction Act Notice, see your tax retum intractions Tom 53290000 12 13 15 17 36 38 Form 5329 2020 Paon 2 Part V Additional Tax on Excess Contributions to Coverdell ESAS. Complete this part if the contributions to your Coverdell ESAs for 2020 were more than is alowable or you had an amount on line 33 of your 2019 Form 5329. 26 Enter the excess contributions from line 32 of your 2019 Form 5329. See instructions. If zero, go to line 31 26 27 # the contributions to your Coverdell ESAS for 2020 were less than the maximum allowable contribution, see instructions. Otherwise, enter-O 27 28 2020 distributions from your Coverdell ESAS (see instructions) 28 29 Add lines 27 and 28 29 30 Prior year excess contributions. Subtract line 29 from line 26. If zero or less enter- 30 31 Excess contributions for 2020 (see instructions) 31 32 Total excess contributions. Add lines 30 and 31 32 33 Additional tax. Enter 6% (0.00) of the smaller of line 32 or the value of your Coverdell ESAS on December 31, 2020 (including 2020 contributions made in 2021). Include this amount on Schedule 2 (Form 1040), line 6 33 Part VI Additional Tax on Excess Contributions to Archer MSAs. Complete this part if you or your employer contributed more to your Archer MSAs for 2020 than is allowable or you had an amount on line 41 of your 2019 Form 5329. 34 Enter the excess contributions from line 40 of your 2018 Form 5329. See instructions. If zero, go to line 39 34 35 the contributions to your Archer MSAs for 2020 are less than the maximum allowable contribution, see instructions. Otherwise, enter-O- 35 36 2020 distributions from your Archer MSAs from Form 8853, line 8 37 Add lines 36 and 36 37 38 Prior year excess contributions. Subtract line 37 from line 34. #zero or less, enter- 39 Excess contributions for 2020 (see instructions) 39 40 Total excess contributions. Add lines 38 and 39 40 41 Additional tax. Enter 6% (0.06) of the smaller of line 40 or the value of your Archer MSAS on December 31, 2020 including 2020 contributions made in 2021). Include this amount on Schedule 2 (Form 1040), line 6 41 Part Vil Additional Tax on Excess Contributions to Health Savings Accounts (HSAs). Complete this part if you someone on your behalf or your employer contributed more to your HSAs for 2020 than is allowable or you had an amount on line 49 of your 2018 Form 5329 42 Enter the excess contributions from line 48 of your 2019 Form 5329. I zero, go to line 47 43 the contributions to your HSAs for 2020 are less than the maximum willowable contribution, see instructions. Otherwise, enter-O- 43 44 2020 distributions from your HSAs from Form 8889, line 16 44 45 Add lines 43 and 44 45 46 Prior year excess contributions. Subtract line 45 from line 42. If zero or less, enter-o- 47 Excess contributions for 2020 se instructions) 47 48 Total excess contributions. Add lines 46 and 47 48 49 Additional tax Enter 6% (0.06) of the smaller of line 48 or the value of your HSAs on December 31, 2020 (including 2020 contributions made in 2021. Include this amount on Schedule 2 (Form 1040, line 6 Part VIIT Additional Tax on Excess Contributions to an ABLE Account. Complete this part if contributions to your ABLE account for 2020 were more than is allowable. 50 Excess contributions for 2020 (see instructions) 50 51 Additional tax. Enter 6% (0.06) of the smaller of line 50 or the value of your ABLE account on December 31, 2020. Include this amount on Schedule 2 Form 1040), line 6 51 Part IX Additional Tax on Excess Accumulation in Qualified Retirement Plans (Including IRAs). Complete this part if you did not receive the minimum required distribution from your qualified retirement plan, 52 Minimum required distribution for 2020 (see instructions 52 53 Amount actually distributed to you in 2020 53 54 Subtract line 53 from line 52. If zero or less, entero- 54 55 Additional tak. Enter 50% (0.50) of line 54. Include this amount on Schedule 2 Form 10401. line 6 55 Sign Here Only if you a best and bulat come, and compte Declaration of prepare the manager is bad omation of which is an indige Are Filing This Form by itself and Not With Your Tax Return You signature Dale Paid Type 'some Proporre Chuck N wamy Preparer Use Only Fums name Form 532900 42 46 49 FER 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 404)) At the end of 2019. Tim retires. The balance in his defined contribution plan is $2,000,000 at the end of 2018. (Use Ext 3) (Leave no answer blank. Enter zero if applicable) 15 e. Complete Form 5329, page 2, to report the minimum distribution penalty in part (d). Right click on the ottached 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 Tox Form to your computer and then upload it here by clicking "Browse." Next, click "Save." (Use 2019 amounts regardless of the year on the form.) Sol OMENS 1501-00 Fom: 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts De the Attach to Form 1040 1040-SR or 104-NR. and Rover Senica Go to www.powlForm5:39 for instructions and the latest information une de dual station wit manding on 2020 SAN 29 Home Pb Cyngor and DP code you to come the Fill in Your Address Only If You Are Filing This Form by itself and Not With Your Tax Return This is an amended retum. check here Fore. 1 if you only owe the additional 10% tax on early distributions, you may be able to report this tax directly on Schedule 2 Form 10.40). line 6, without filing Form 5329. See the instructions for Schedule 2 Form 1040), line 6 Part 1 Additional Tax on Early Distributions. Complete this part you took a taxable distribution (other than a distribution related to a qualified disaster or a coronavirus-rated distribution before you reached age sont from a qualified retirement plan including an IRA or modified endowment contract less you are reporting this tax directly on Schedule 2 Form 1040)-see above. You may also have to complete this part to indicate that you quality for an exception to the additional tax on earty distributions or for certain Roth IRA distributions. Soe instructions Early distributions included in income For Rom RA distributions, se instructions 1 2 Early distributions included online that are not subject to the additional tax free instructions Enter the appropriate exception number from the instructions 2 3 Amount subject to additional tax. Subtract line 2 from line 1 3 4 Additional tax. Enter 10% (0.10) of line 3. Include this amount on Schedule 2 Form 1040), line 6 Caution If any part of the amount on line 3 was a distribution from a SIMPLE IRA you may have to include 25% of that amount on line 4 instead of 10%. See Instructions Part II Additional Tax on Certain Distributions From Education Accounts and ABLE Accounts. Complete this part you included an amount in income, on Schedule 1 Form 1040. linetrom a Coverdell education savngs account IESA), a qualified tuition program (OTP), or an ABLE account 5 Distributions included in income from a Coverdell ESA a OTP or an ABLE account 5 & Distributions included on Ines that are not subject to the addition to see instructions) 6 7 Amount subject to additional tax. Subtract line from ine 5 7 8 Additional tax. Enter 10% (0.10 of line 7. Include the amount on Schedule 2 Form 1040), line 6 8 Part III Additional Tax on Excess Contributions to Traditional IRAs. Complete this part if you contributed more to your traditional IRAs for 2020 than is allowable or you had an amount on line 17 of your 2019 Form 5329. 9 Enter your excess contributors from line 18 of your 2018 Form 5829. See instructions. It zero, go to line 15 9 10 your traditional IRA contributions for 2020 are less than your maximum allowable contribution, see instructions. Otherwise, enter- 10 11 2020 traditional IRA distributions included in income see 11 2020 distributions of prior year excess contributions see 12 Add lines 10, 11, and 12 13 14 Prior year excess contributions Subtractine 13 from line 9.200 or less entero 14 Excess contributions for 2020 (see instructions) 15 16 Total excess contributions. Add lines 14 and 15 16 Additional tax Enter 6% (0.06) of the smaller of line 16 or the value of your traditional Pas on December 31.2020 including 2020 contributions made in 2021. Include this amount on Schedule 2 Form 10.401. line 6 17 Part IV Additional Tax on Excess Contributions to Roth IRAs. Complete this partit you contributed more to your Roth IRAs for 2020 than is allowable or you had an amount on line 25 of your 2019 Form 5329. 18 Enter your excess contributions from line 24 of your 2019 Form 5329. Se instructions or go to line 2318 19 your Roth IRA contributions for 2020 are less than your um allowable contribution, see instructions. Otherwise, enter-O- 19 20 2020 distributions from your Roth IRAs see instruction 20 21 Add Ines 19 and 20 21 22 Prior year excess contributions Subtract line 21 from line 15. or less entero 22 23 Excess contributions for 2020 instructions 24 Total excess contributions. Add lines 22 and 23 24 25 Additional tax Enter 6% (0.06 of the smaller of line 24 or the value of your Rom IAS on December 31 2020 including 2020 contributions made in 2021). Include this amount on Schedule 2 Form 1040.tine 5 25 For Privacy Act and Paperwork Reduction Act Notice, see your tax retum intractions Tom 53290000 12 13 15 17 36 38 Form 5329 2020 Paon 2 Part V Additional Tax on Excess Contributions to Coverdell ESAS. Complete this part if the contributions to your Coverdell ESAs for 2020 were more than is alowable or you had an amount on line 33 of your 2019 Form 5329. 26 Enter the excess contributions from line 32 of your 2019 Form 5329. See instructions. If zero, go to line 31 26 27 # the contributions to your Coverdell ESAS for 2020 were less than the maximum allowable contribution, see instructions. Otherwise, enter-O 27 28 2020 distributions from your Coverdell ESAS (see instructions) 28 29 Add lines 27 and 28 29 30 Prior year excess contributions. Subtract line 29 from line 26. If zero or less enter- 30 31 Excess contributions for 2020 (see instructions) 31 32 Total excess contributions. Add lines 30 and 31 32 33 Additional tax. Enter 6% (0.00) of the smaller of line 32 or the value of your Coverdell ESAS on December 31, 2020 (including 2020 contributions made in 2021). Include this amount on Schedule 2 (Form 1040), line 6 33 Part VI Additional Tax on Excess Contributions to Archer MSAs. Complete this part if you or your employer contributed more to your Archer MSAs for 2020 than is allowable or you had an amount on line 41 of your 2019 Form 5329. 34 Enter the excess contributions from line 40 of your 2018 Form 5329. See instructions. If zero, go to line 39 34 35 the contributions to your Archer MSAs for 2020 are less than the maximum allowable contribution, see instructions. Otherwise, enter-O- 35 36 2020 distributions from your Archer MSAs from Form 8853, line 8 37 Add lines 36 and 36 37 38 Prior year excess contributions. Subtract line 37 from line 34. #zero or less, enter- 39 Excess contributions for 2020 (see instructions) 39 40 Total excess contributions. Add lines 38 and 39 40 41 Additional tax. Enter 6% (0.06) of the smaller of line 40 or the value of your Archer MSAS on December 31, 2020 including 2020 contributions made in 2021). Include this amount on Schedule 2 (Form 1040), line 6 41 Part Vil Additional Tax on Excess Contributions to Health Savings Accounts (HSAs). Complete this part if you someone on your behalf or your employer contributed more to your HSAs for 2020 than is allowable or you had an amount on line 49 of your 2018 Form 5329 42 Enter the excess contributions from line 48 of your 2019 Form 5329. I zero, go to line 47 43 the contributions to your HSAs for 2020 are less than the maximum willowable contribution, see instructions. Otherwise, enter-O- 43 44 2020 distributions from your HSAs from Form 8889, line 16 44 45 Add lines 43 and 44 45 46 Prior year excess contributions. Subtract line 45 from line 42. If zero or less, enter-o- 47 Excess contributions for 2020 se instructions) 47 48 Total excess contributions. Add lines 46 and 47 48 49 Additional tax Enter 6% (0.06) of the smaller of line 48 or the value of your HSAs on December 31, 2020 (including 2020 contributions made in 2021. Include this amount on Schedule 2 (Form 1040, line 6 Part VIIT Additional Tax on Excess Contributions to an ABLE Account. Complete this part if contributions to your ABLE account for 2020 were more than is allowable. 50 Excess contributions for 2020 (see instructions) 50 51 Additional tax. Enter 6% (0.06) of the smaller of line 50 or the value of your ABLE account on December 31, 2020. Include this amount on Schedule 2 Form 1040), line 6 51 Part IX Additional Tax on Excess Accumulation in Qualified Retirement Plans (Including IRAs). Complete this part if you did not receive the minimum required distribution from your qualified retirement plan, 52 Minimum required distribution for 2020 (see instructions 52 53 Amount actually distributed to you in 2020 53 54 Subtract line 53 from line 52. If zero or less, entero- 54 55 Additional tak. Enter 50% (0.50) of line 54. Include this amount on Schedule 2 Form 10401. line 6 55 Sign Here Only if you a best and bulat come, and compte Declaration of prepare the manager is bad omation of which is an indige Are Filing This Form by itself and Not With Your Tax Return You signature Dale Paid Type 'some Proporre Chuck N wamy Preparer Use Only Fums name Form 532900 42 46 49 FER