# | | Item | | Comment | Amount | |
1 | | 0% Capital Gains Income Limit | | Married Filing Jointly | | 78750 |
2 | | Standard Deduction | | 2019 Amount | | 24400 |
3 | | Estimated Total Dividends | | From recent statement | | 28524.79 |
4 | | Estimated Total Qualified Dividends | | #3 * 95% (Based on prior year amounts) | | 27098.55 |
5 | | Estimated Total Non Qual Dividends | | #3 - #4 | | 1426.24 |
6 | | Estimated Total Foreign Tax Paid | | Based on Prior Year Amounts | | 500 |
7 | | Estimated Short Term Capital Gains | | From recent statement | | 0 |
8 | | Estimated Long Term Capital Gains | | From recent statement minus $3000 carry over capital loss | | 4434.07 |
9 | | Estimated Earned Income | | No wages/salaries/tips | | 0 |
10 | | Estimated Interest Income | | Based on latest statements | | 1000 |
11 | | Total ACA Income | | #3 + #7 + #8 + #9 + #10 | | 33958.86 |
12 | | Determine Max Roth Conversion | | #2 - (#9 + #10 + #5 + #7) | | 21973.76 |
13 | | Determine Max Long Term Capital Gains Harvest Amount | | #1 - (#4 + #8 + #9) | | 47217.38 |
14 | | ACA Income Declared at Beginning of Year | | | | 40000 |
15 | | Max Roth Conversion OR Capital Gains Harvest Amount Taking Into Account ACA | | #14 - #11 | | 6041.14 |