▁converted ▁funds ▁being ▁tax ed ▁as ▁income ▁in ▁the ▁year ▁they ▁are ▁converted ▁( with ▁the ▁exception ▁of ▁non - ded uct ible ▁assets ). ▁ ▁Prior ▁to ▁ 2 0 1 0 , ▁two ▁circumstances ▁prohib it ▁a ▁conversion ▁to ▁a ▁Roth ▁I RA : ▁Mod ified ▁Ad just ed ▁G ross ▁In come ▁exceed ing ▁$ 1 0 0 , 0 0 0 ▁or ▁the ▁particip ant ' s ▁tax ▁fil ing ▁status ▁is ▁Mar ried ▁Fil ing ▁Se par ately . ▁With ▁recent ▁legisl ation , ▁as ▁part ▁of ▁the ▁Tax ▁In cre ase ▁Pre vention ▁and ▁Re con c ili ation ▁Act ▁of ▁ 2 0 0 5 ▁( T IP RA ), ▁the ▁modified ▁AG I ▁requirement ▁of ▁$ 1 0 0 , 0 0 0 ▁and ▁not ▁be ▁married ▁fil ing ▁separately ▁criteria ▁were ▁removed ▁in ▁ 2 0 1 0 . ▁ ▁There ▁may ▁be ▁a ▁benefit ▁from ▁conversion ▁in ▁addition ▁to ▁the ▁prefer ential ▁timing ▁of ▁tax . ▁The ▁tax es ▁due ▁need ▁not ▁come ▁from ▁the ▁account ▁balance ▁converted . ▁If ▁the ▁tax es ▁are ▁paid ▁from ▁another ▁tax able ▁account , ▁the ▁effect ▁is ▁as ▁if ▁the ▁income ▁from ▁those ▁dollars ▁are ▁shelter ed ▁from ▁tax . ▁ ▁Trans fers ▁vs . ▁Rol lo vers ▁Trans fers ▁and ▁rol lo vers ▁are ▁two ▁ways ▁of ▁moving ▁I RA ▁shelter ed ▁assets ▁between ▁financial ▁institutions . ▁ ▁A ▁transfer ▁is ▁normally ▁initi ated ▁by ▁the ▁institution ▁receiving ▁the ▁funds . ▁A ▁request ▁is ▁sent