OK Champ & dmertz for the follow-ups:
Sorry for the late reply - got sidetracked up with Christmas stuff. Anyway, I think I am OK now - and have it figured out AGAIN.
I know I had this figured out at one time way back when, but I seemed to have forgotten the details without your follow-ups (probably because back when, I realized they did not apply to me, except for the 15% help). The thing I keep forgetting (overlooking) is that the LTCG brackets are based on "Taxable Income" (those rats). So I think I am all square again - unhappy - but back to understanding it.
It will work nicely for my sister who is all SS & LTCG, but just not for me - just wishing they would exclude LTCG from the IRMAA calculations. You are not rich any more at the 1st IRMAA bracket at around $100K - but this is not the place to go off on IRMAA.
BUT I could go off on the LTCG bracket - $47K is WAY TOO LOW for the 1st 0% LTCG cutoff.
Thanks again for the refresher.
ron in shawnee
