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Teresa, a single taxpayer, age 81 forgot to take her 2022 required minimum distribution of $12,000 from her traditional IRA. What is her excess accumulations
Teresa, a single taxpayer, age 81 forgot to take her 2022 required minimum distribution of $12,000 from her traditional IRA. What is her excess accumulations penalty?
- $600
- $1,200
- $2,400
- $6,000
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