dmertz
Level 15

Deductions & credits

The Roth conversion that you are proposing would be occurring in 2021, not in 2020, so it would be taxable on your 2021 tax return.  Because the gains in the Roth IRA became gains in the traditional IRA upon performing the recharacterization, they are now deferred income which is taxable upon distribution from the traditional IRA (if not rolled over to another traditional account).