Updated over 6 years ago on .
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SDIRA Roth Conversion possible?
We've had SDIRAs since 2012. Three different IRAs (my husband's Roth, my Roth, and my Traditional) all purchased a percentage of an LLC. The LLC owns a rental property. All the rental income has been distributed according to the original percentages. The appreciation also is divided down those same lines, in terms of valuing the IRAs.
My question is whether I could do a conversion of my Traditional IRA to my Roth IRA? Would that be a prohibited transaction as it would change the percentage of ownership? That is, the Roth's percentage of ownership would increase and the Traditional's percentage would decrease. Depending on how my tax situation looks this year, I would be interested in converting some of my Traditional IRA. I just didn't know if it would be a go.