I rolled over a cash retirement fund from work into a traditional IRA with Webb St. last July, and immediately recharaterized it as a Roth conversion IRA, before trading stocks with it. I later (2 months) transferred it to Datek and continued trading stocks, and lost much of it over several months. Then on Dec. 6 of 2000, I recharacterized it back to a traditional IRA, and on Jan. 11, 2001, recharacterized it back again to the Roth conversion IRA. Do I only pay the income tax on it per the value on Jan.11, 2001, as a distribution from the trad. IRA to the Roth, and do so for the tax year 2001 and not this tax paying year (2000)?
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