I'm trying to model what our tax load would be if we did this versus selling a lot of a very desirable stock to derive monthly income? I'd rather not start selling this stock. Plus, we bought it at a good price and capital gains could be $30,000 in a full year. My wife has a sizable IRA, she is over 65 yrs. and 6 years away from having to take disbursements from the IRA.
Annually, the amount of IRA income would equal the amount of capital gains income annually.
Are capital gains and IRA income treated in the same manner regarding taxes?
Thx DD
