If I have rolled over a 401k to an Ira then how do I change it to a Roth and how is the taxes handled at that time?

Let me say that I am not by any means a financial guy, but I am thinking of doing the same thing. I am actually a little curious, and wanted to add to the question.

I read something recently that they will be changing the laws in the next few years to allow money in a regular IRA to be transferred to a Roth without paying taxes on the principle (only on intereest accrued). This would seemingly allow you to obtain "free money" by transferring money you will never pay taxes on into a Roth. Anyone have more information about this?

I have not heard any such thing about tax-free transfers, and I sincerely doubt it will happen!

No I do agree that there will always be taxed but before or on distributions is when. I am wondering if the other persons response as to the new law which will allow you to go directly into a roth next year so again I can not find out how and how much tax will be. Thanks for your responses.

This site may help:

Fidelity Investments

Here's another one that looks helpful:

Roth IRAs: To Convert or Not (Retirement: Personal Finance) | SmartMoney.com

I googled Convert IRA to Roth and got a bunch of hits.