Is Rollover IRA A Roth IRA? 
A rollover IRA is an IRA that is funded from the proceeds of another qualified plan , most likely another IRA or a 401 -LRB- k. -RRB- The proceeds of these plans all have the same tax consequence so a rollover is simple . A Roth IRA has different tax rules . In order to roll an IRA or 401 -LRB- k -RRB- into a Roth IRA , the proceeds must be subject to income tax as ordinary income . This may be a very wise thing to do but should not be done without some competent counsel . 