Nguyen retired 7 years ago and reached age 73 last year in 2023. Nguyen's required minimum distribution

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Nguyen retired 7 years ago and reached age 73 last year in 2023. Nguyen's required minimum distribution from their traditional IRA is $23,202 this year. If Nguyen does not have these funds distributed to them, what penalty will be incurred?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Oct 24, 2023 06:57 AM

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Nguyen retired 7 years ago and reached age 73 last year in 2023. Nguyen's required minimum distribution

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SOLUTION To determine the penalty that Nguyen will incur for not distributing the required min... View the full answer

Income Tax Fundamentals 2013

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