McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 34

Is a taxpayer who contributed to a traditional IRA able to transfer or "roll over" the money into a Roth IRA? If yes, explain the tax consequences of the transfer.