dmertz
Level 15

Get your taxes done using TurboTax

The pro rata calculation to determine the nontaxable amount of the Roth conversion uses the year-end value in your traditional IRAs, not the value at any other time.  You could even do the $50,000 Roth conversion first, then roll everything else to the 403(b) by year-end and the taxable result would be the same.