Can 401K be rolled to Roth directly or to a Traditional first? What taxes required ? LT gain or reg. rate?

Question

Aim is to get 401 K into non-distribution status, probably a self directed Roth IRA, so funds cn be invested in RE. Am just months from 70 1/2 now.

Answer 1

I believe that you can now go straight to Roth without using a Traditional IRA first.

The rollover to the Roth will be taxed as ordinary income. Long term rates do not apply to funds in a 401k or IRA regardless of the time the money has been invested.