[[I've read all the messages I could find on this, but none seem to answer my question.]]Really??? We've been talking about this for over a month now. Did you also review my FAQ on this issue in the Taxes FAQ area? It might help. But lets see what you have to say...[[ How do I report this: 1) a conversion of a regular IRA to a Roth IRA, 2) then a recharacterization back to the regular IRA, 3) and then an immediate reconversion back to the Roth IRA (all done prior to 10/1/98). I received Two 1099-R forms ]]You should have received THREE 1099R forms. And you can't complete your Form 8606 until you receive the last one. That's the problem. You are trying to "force" the form with only two 1099 forms. What you want to arrive at on line 14c is your FINAL TAXABLE conversion to your Roth IRA. The "plug" number that goes on line 14b is nothing more than to balance back to line 14a.But you can't do ANY of this until you receive your 3rd Form 1099R.[[(regular IRA total distributions = $18K; Roth distribution = $8K).]]You should also have a 1099 for the recharacterization from your Roth back to your IRA. It'll help when you receive this form.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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