Sit Roth IRA Conversion Request Form
Description of Form
IRA participants use the Roth IRA Conversion Request Form to convert their Traditional IRA assets into Roth IRA assets.
IRA Participants Use This Form Only For:
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 and cannot be reversed. Please consult with your tax adviser about the ramifications.
You may not convert an inherited (“Beneficiary”) IRA to a Roth IRA.