I have made very simple entries on the spreadsheet.
D25=$12,000 Qualified Dividends
D31=$110,000 tIRA distributions
G2=2 Filing Status MFJ
G8=64 Age
H8=60 Age
The tIRA will be put into a Roth as a Roth Conversion.
I see the tax due is $10,549, this is 9.59% tax.
Even though that seems low, I've been paying 1% to 4%
when I was working self employed, because I had many deductions, SEP, HSA,
health Insurance, 1/2 of SS, students credits.
Have I missed anything and should I just bite this bullet and pay the tax.
Opps!!I found something else, please address it.
I added one cell in the above setup,
D27 = $100,000 LTCGs
This caused the tax due to drop to $1,028 vs the $10,549 I had before I added $100,000 of LTCGs.