Question: Will the amount includible in income because of the conversion satisfy the minimum distribtuion requirements of the regular IRA? {IF there must be additional draws to satisfy the Minimum Distribution Requirement, then the taxpayer will be over the AGI limit of the Reg IRA to Roth IRA}
Your question was not made clear in the tax law when it was enacted, but the concensus of opinion is that it will NOT. You will have to take out the minimum distribution, and cannot roll that money into the Roth.
The required distribution must be drawn from the IRA before the rollover. The draw cannot count towards the rollover. You cannot rollover the drawing. Furthermore, the MRD (Minimum Required Distribution) must not make you exceed the limits to qualify for the four year spread.
The Congress passed a law clarifying this -