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 $$2,000,000.$ What is Tim's required minimum distribution for $2023$ if he turns $73$ during $2023?$ When must he receive this distribution? What is Tim's required minimum distribution for $2023$ that must be distributed in $2024$ if he turns $75$ years old in $2023?$ Assuming that Tim is $76$ years old at the end of $2023$ and his marginal tax rate is $32$ percent, what amount of his distribution will he have remaining after taxes if he receives only a distribution of $$50,000$ for $2023?$ Complete Form $5329,$ page $2,$ to report the minimum distribution penalty in part $($d$).$