Roth IRA Conversion
A reportable movement of assets from a Traditional, SEP or SIMPLE IRA to a Roth IRA. The movement of assets may be taxable.
Investopedia Commentary
A conversion may be accomplished by a rollover of assets directly between the trustees of the Traditional and Roth IRAs, or by the IRA owner distributing the assets from the Traditional, SEP or SIMPLE IRA and rolling over the amount to the Roth IRA within 60-days of receiving the distributed amount.
Related Links
Roth IRA: Back To Basics
Did Your Roth IRA Conversion Pass or Fail?
Roth Or Traditional IRA...Which Is The Better Choice?
Introductory Tour through Retirement Plans
See also: In-Service Withdrawal, IRA, IRA Adoption Agreement and Plan Document, Non-Qualified Distribution, Ordering Rules, Qualified Distribution, Recharacterization, Reconversion, Rollover, Roth IRA, SEP, SIMPLE, Spousal IRA, Triggering Event