Discover how to create and configure tax calculations for common structured income plan assets (brokerage, IRA, Roth) from the client dashboard. This three-part guide covers Initial Setup, Tax Option Configuration, and Verifying the Projections to Accurately Forecast Effective Tax Rates.
Below is a hypothetical example of a client at 75 years of age that is withdrawing money from all three of their assets. The target income is $100,000 per year with an inflation rate of 2%. We will start on the asset page.
To learn about setting up tax calculations options for income and expesne see articles:
- Tax Calculation Option: Adding Assets into a Structured Income Plan
- Tax Calculation Option: Adding Income and Expenses into a Structured Income Plan
To learn more about Advanced Tax Planning functions see articles:
To learn more about forecasting effective tax rates see articles:
Step 1: Assets: Click on the Assets button at the top righthand side of the screen.
Step 2: Edit: Click on the Green Edit button underneath the Assets subheading.
Step 3: Add Monetary Asset: Click on the green Add Monetary Asset button underneath the Assets subheading.
Step 4: Current Monetary Assets: Enter in the monetary assets information.
Step 5: Save: Click on the green Save button underneath the Assets subheading.
Step 6: Create Planning Scenario: Click on the green Create Planning Scenario underneath the Assets subheading.
Step 7: Edit: You will automatically be taken to the Structured Income Planning page. Click on the green Edit button underneath the Structured Income Planning heading.
Step 8: Edit or Add Scenario: Click on the green Edit or Add Scenario button underneath the Structured Income Planning Heading.
Step 9: Rename Current Scenario To Textbox: You will automatically be taken to the Manage Scenario page. Click in the Rename Current Scenario textbox and edit the scenario title.
Step 10: Rename Current Scenario To: Click on the green Rename Current Scenario To button.
Step 11: Scenario:The scenario title will have automatically been changed.
Step 12: Save: Click on the green Save button underneath the Manage Scenario heading.
Step 13: Structured Income Planning Scenario: You should have automatically be taken back to the Structured Income Planning page and the new Scenario title should be displayed.
Step 14: Display Options: Click on the green Display Options button underneath the Structured Income Planning Heading.
Step 15: Column Display Options: Click on the green View RMD Checks button within the Column Display Options table.
Step 16: Structured Income Plan RMD Column: A new column of RMD should have automatically appeared within the structured income plan.
Step 17: Display Options: Click on the green Display Options button underneath the Structured Income Planning Heading.
Step 18: Column Display Options: Click on the green View % Distribution button within the Column Display Options table.
Step 19: Structured Income Plan View % Distribution Column: A new column should have automatically appeared called the Percent Distribution.
Step 20: Display Options: Click on the green Display Options button underneath the Structured Income Planning Heading.
Step 21: Column Display Options: Click on the green Return with Grouping button located in the left hand side of the table.
Step 22: Structured Income Plan: The Assets should have automatically been grouped into the Accounts group.
Step 23: Add Target: Click on the green Add Target button underneath the Structured Income Planning heading.
Step 24: Target Name: Edit the target name if you chose to. 
Step 25: First Year Target Income: Enter in the first-year target income. 
Step 26: Inflation Rate: Enter in inflation rate.
Step 27: Save: Click on the green Save button underneath the Manage Target heading.
Step 28: Structured Income Plan: A two new columns has automatically appeared on the Structrued Income Plan, the Target Inc. and the Income Gap.
Part Two: Tax Option Configuration
Step 1: Manage: Click on the manage button located in the Income Column within the Brokerage Account.
Step 2: Account Name: Edit the name if you chose too.
Step 3: Tax Calculation Option Dropdown Arrow: Select the dropdown arrow in the Tax Calculation Textbox and select NQ Investments – Dividends and Capital Gains. If you have a taxable investment account you should use the NQ Investments qualification.
Step 4: NQ Investments-Dividends and Capital Gains: Three new textboxes should have automatically appeared on the screen. Starting Capital Gains, Average Annual Dividends, Trading Style or Turnover.
Step 5: Starting Capital Gains: SIPS allows you to realize any starting unrealized capital gains in an account. For this hypothetical example the starting capital gains will be $250,000.
Step 6: Average Annual Dividends: For this hypothetical example the average annual dividends will be set at 2%. The total hypotethical return is 5%. SIPS automatically calculates tax liabilities for both withdrawals and the annual growth of your account. SIPS will assume 2% of the 5% annual growth is taxed as a dividend each year. The remaining 3% will be allocated as capital gains, which are the profits subject to tax when assets are sold.
Step 7: Trading Style or Turnover: You can tell SIPS how frequently the account is traded by using the Trading Style or Turnover textbox. Enter in a number in between 0 to 100 to indicate how frequently the account's assets are traded. A value of 0 means no trading, while 100 indicates a complete annual turnover (all assets sold and re-bought). For this hypothetical example we will use 30%, since this is a managed account that undergoes periodic buying and selling to maintain its investment strategy or rebalance for dividends.
Step 8: Structured Income Type Calculated Plan Withdraws: Click on the radio button for Make-up income gap based on target income within the Calculated Plan Withdraws subsection.
Step 9: Income Data Table: Click on the text box for year one.
Step 10: Start Year(s) for Rest of Plan: Click on the Green Start Year(s) for Rest of Plan button.
Step 11: Income Data Table: The term “makeup” should automatically be filtered into the Income column of the Income Data Table.
Step 12: Save: Click on the green Save button underneath the Manage Account heading.
Step 13: Structured Income Plan: You should have automatically be taken back to the structured income plan.
Step 14: BA Income Column: On the Income side of the BA Account it should have automatically be showing the withdrawn amounts.
Step 15: Manage: Click on the manage button located in the Income Column within the IRA Account.
Step 16: Account Name: Edit the name if you chose too.
Step 17: Tax Calculation Option Textbox: The default setting for should be set at Tax Income Distributions (Qualified). If you have any type of qualified account like an IRA, 401(k), 403B, they should be marked as Tax Income Distributions (Qualified).
Step 18: Structured Income Type Calculated Plan Withdraws: Click on the radio button for Make-up total owners RMD from one account within the Calculated Plan Withdraws subsection.
Step 19: Income Data Table: Click on the text box for year one.
Step 20: Start Year(s) for Rest of Plan: Click on the Green Start Year(s) for Rest of Plan button.
Step 21: Income Data Table: The term “totalRMD” should automatically be filtered into the Income column of the Income Data Table.
Step 22: Save: Click on the green Save button underneath the Manage Account heading.
Step 23: Structured Income Plan: You should have automatically be taken back to the structured income plan. 
Step 24: IRA Account: On the Income side of the IRA Account it should have automatically be showing the withdrawn amounts.
Step 25: Manage: Click on the manage button located in the ROTH Column within the ROTH Account.
Step 26: Account Name: Edit the name if you chose too.
Step 27: Tax Calculation Option Dropdown Arrow: Select the dropdown arrow location in the Tax Calculation Textbox and select Do Noth Tax (Roth) since this is a ROTH account and the money is not taxable.
Step 28: Structured Income Type Withdrawals: Click on the radio button for Annual Fixed Withdrawal.
Step 29: Annual Fixed Withdrawal Textbox: Type in the yearly amount that you would like to withdraw. ($1,000)
Step 30: Income Data Table: Click on the text box for year one.
Step 31: Start Year(s) for Rest of Plan: Click on the Green Start Year(s) for Rest of Plan button.
Step 32: Income Data Table: The term “fixed” should automatically be filtered into the Income column and $1,000 should automatically be put in the Variable column of the Income Data Table.
Step 33: Save: Click on the green Save button underneath the Manage Account heading.
Step 34: Structured Income Plan: You should have automatically be taken back to the structured income plan.
Step 35: ROTH Account: On the Income side of the ROTH Account it should have automatically be showing the withdrawn amounts.
Part Three: Verifying the Projections
Step 1: Add Inc Tax: Click on the green Add Inc Tax button underneath the Structured Income Planning heading.
Step 2: Use Advanced Tax Planning: Click on the green Use Advanced Tax Planning button underneath the Manage Tax heading.
Step 3: Create Tax Scenario for Year Dropdown Arrow: Click on the dropdown arrow in the text box and select which tax year you would like a scenario to be created for. (2025).
Step 4: Create Tax Scenario for Year: Click on the green Create Tax Scenario button.
Step 5: Cashflow and Tax Advisor: You will automatically be taken to the Cashflow and Tax Advisor page.
Step 6: Condense: Click on the green Condense button underneath the Cashflow and Tax Advisor heading.
Step 7: Qualified Dividends: SIPS treats dividend from investment accounts as qualified. 
Step 8: All Dividends: These are the dividends from the non-qualified investment account.
Step 9: IRA Distributions Tax Return: This amount is equal to the RMD amounts that was withdrawn in 2025.
Step 10: Short Term and Long-Term Capital Gains Tax Return: These are the amounts that were withdrawn from the short term and long term capital gains from the brokerage account.
Step 11: Effective Tax Rate: Take note of the effective tax rate. This will automatically be correlated in the year 1 of the structured income plan. The effective tax rate is rounded on the income plan for display purposes.
Step 12: Approximate Tax Calc: Take note of the Tax Return calculation. The dollar amount will match the cash flow and tax advisor page to be an exact amount.
Step 13: Save: Click on the green Save button underneath the Cashflow and Tax Advisor subheading.
Step 14: Structured Income Planning: Click on the Structured Income Planning heading underneath the Clients name.
Step 15: Edit: Click the green Edit button underneath the Structured Income Planning heading.
Step 16: Display Options: Click on the green Display Options button underneath the Structured Income Planning Heading.
Step 17: Column Display Options: Click on the green View Tax Rates button within the Column Display Options table.
Step 18: Structured Income Plan Inc Tax Column: You will automatically be taken back to the Structured Income Planning Page and the Effective Tax Rate accurately reflects the percentage configured in the cash flow and tax advisor column. The Approximate Tax Calculation amount should automatically display the accurate amount.
Step 19: Save: Click on the green Save button underneath the Structured Income Planning Heading.
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