the $1,000 would increase your taxable income by a like amount assuming you have no basis in any of your IRA's. since we know little about your entire tax situation, you would be best off using TT taxcaster. while it's based mostly on 2018 law, you should get a good idea.
there are no penalties for doing the conversion even though you are under 59 1/2
https://turbotax.intuit.com/tax-tools/calculators/taxcaster
