Roth conversion of apartment syndication holding in a Traditional IRA

[Wayne C.]

If I have a traditional SDIRA with an apartment syndication holding that is making monthly distributions, can I do a Roth conversion of that holding? I am 71, but not taking the distributions..they are going back to the SDIRA custodian(non-interest earning account) and I periodically transfer them from the SDIRA custodian to a small balance Schwab IRA that is in a MM fund. My wish is to completely convert my traditional to Roth in 2024, but haven't found the answer yet that a Roth conversion is allowed for this type of holding. I've been in the deal less than a year, $75k investment, so assume I could use $75k as FMV, but can I do the conversion, and could distributions go to the Roth?