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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 working, he
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 2021, Tim retires. The balance in his defined contribution plan is $2,000,000 at the end of 2020. (Use Exhibit 13-3.) (Leave no answer blank. Enter zero if applicable.) b-1. What is Tim's required minimum required for 2021 if he turns 72 during 2021? b-2. When must he receive this distribution? Complete this question by entering your answers in the tabs below. Req bi Reg b2 What is Tim's required minimum required for 2021 if he turns 72 during 2021? Minimum required distribution
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