Generally, the full amount of traditional IRA funds that are converted to a Roth IRA are taxable income to you in the year of the conversion. We suggest you use the worksheets in the Form 1040-ES (estimated tax) package to estimate your tax liability with varying amounts of Roth conversions to help you decide how much to convert: https://www.irs.gov/pub/irs-pdf/f1040es.pdf
Note that if you are drawing Social Security, increasing your other taxable income can increase your taxable Social Security to as high as 85% of your total benefits (see Worksheet 2-2 in Publication 505 https://www.irs.gov/pub/irs-pdf/p505.pdf
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