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@opus57 

Hold off on that a bit.

 

The taxable amount really depends on what other income you had too.

1) What $$ amount is on line 11 of your current form 1040?

and

2) Are you filing as Single person? Or MFJ?  or MFS?

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*