Would it be the same tax burden if I rolled that money over to a traditional IRA?
No, not for 2020. A rollover to a traditional IRA would have been a nontaxable rollover and this income would have been continued to be deferred. A rollover to a Roth IRA is a taxable rollover. The advantage of a rollover to a Roth IRA is that any future investment gains are tax-free instead of tax-deferred, once the requirements for qualified Roth IRA distributions are met. You pay tax now instead of paying more tax later.
