Can you summarize the basic steps to do a conversion of a traditional IRA to a Roth IRA within the same institution? I have an existing Roth, do I convert the traditional IRA to that existing Roth or do I need a newly established Roth? What are the limits of these conversions? I will have no earned income for '23, just IRA redemptions and SS. I assume I will just get a 1099 (like a normal IRA withdrawal) and pay the taxes when filing my '23 taxes in '24? Thanks
