Conversions within your Sit IRA accounts. You may convert to a Sit Roth IRA from:
Traditional and SEP IRAs
SIMPLE IRA (after 2-year holding period)
Converting from a Traditional IRA to a Roth IRA is a taxable event. Please consult with your tax adviser about the ramifications.
This form is for converting Traditional IRA assets into Roth IRA assets. The opposite type of transaction (from Roth to Traditional) is called a recharacterization. That type of transaction has a separate form.
You may not convert an inherited (“Beneficiary”) IRA to a Roth IRA.