How do you turn a regular IRA into a Roth IRA and when is the best time to do this taxwise?

Question

How do you turn a regular IRA into a Roth IRA and when is the best time to do this taxwise?

Answer 1

sry no idea

Answer 2

I believe that all you have to do is file paperwork with your IRA Trustee telling them that you want to convert the IRA to a Roth IRA.

As the entire amount is taxable upon conversion, the best time to do it is when the value in the account is low.