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In the example given, the RMD is $10,000. The extra $5,000 can be withdrawn without incurring any tax payment. So that $5,000 could be "converted" to the Roth for future investment.

No, every dollar coming out of a traditional IRA is taxed. In the example given, with a $10,000 RMD and a $5,000 conversion to a ROTH, tax must be paid on all $15,000. That doesn't mean the full $5,000 can't go into the ROTH, it just means the taxes have to be paid from somewhere. Paying it from the RMD in this example would be the obvious source.
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