Converting a Solo 401k to a Roth 401k

[Emma S.]

Hi,

I recently set up a sole proprietorship & transferred a Rollover IRA into a Solo 401k. Now I want to convert it into a Roth 401k so it will be tax free at retirement.

Questions:
1) Is it true that since I am my own trustee of the Solo 401k, there is no paperwork to be filed - I only report the conversion on my taxes the following year?
2) I do not yet have income in my newly established business to contribute to a 401k & not expecting contributions this year. Am I then prohibited from setting up a Roth401k until I have a contribution program in place? (info on this site seems to imply that).

@Steven Hamilton II please share your thoughts! Thanks!