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Buzman,

Thanks for your reply!

A trustee to trustee transfer is tax free

Correct. The 1040, line 16a entry is for recording purposes only, I believe. It does not impact the AGI or bottom line.

As long as you recharacterize your Roth conversion by the due date of the return which the Roth conversion would have been reported.

Form 8606 is the appropriate reference. www.irs.gov


The first part is correct. I converted in Oct, 02 and recharacterized in Feb of 03, so I fall in the 'after Dec 31st of the conversion year and before the filing deadline of the following year' qualification.

I took a look at form 8606 and saw this:
Complete this part if you converted part or all of your traditional... IRA to a Roth IRA in 2002 (excluding any portion you recharacterized) (italics mine)

So, even tho I received a 1099-R for the initial conversion, I don't have to report it since I recharacterized it back? Not even for recording purposes?

Thanks again!
Mark
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