bedavis
New Member

Get your taxes done using TurboTax

If you have last year's tax return, look at how much you paid the IRS and FTB as a percentage of your adjusted gross income, and apply those percentages to the $8000.  That should get you close.  A more sophisticated approach would be to look up your marginal tax rate based on your higher AGI for this year and apply those percentages to the $8000.  You can get the tax rates by Googling that topic.