Since RMDs have been waived for 2020, can taxpayer now convert that amount to a Roth in 2020? I know this has been prohibited in previous years (converting RMD amount to a Roth) but wasn’t sure if this was an option in light of the CARES Act.

For example, taxpayer has a $50,000 RMD for 2020. The CARES Act waives this RMD for 2020. Can taxpayer now convert $50,000 to a Roth IRA in 2020 without taking RMD or is the taxpayer only allowed to convert any amount over the RMD? In other words, if taxpayer wants to complete a Roth conversion, does taxpayer have to satisfy $50,000 RMD before making a Roth conversion?

Thanks in advance.