One caveat to the above - if you have tax withheld from the Roth conversion to pay the tax on the conversion then that withholding is NOT part of the excluded conversion so it does count as a distribution. (it is always better to pay the tax on a conversion from other sources anyway or you loose some of the advantage of doing a conversion because only part of the money for the Traditional IRA can continue to grow tax free.)
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
