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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (45105)	2/5/1999 9:23:00 AM
From: Zephod	Respond to of 132070

Don; I thought my 1099R from Schwab was wrong, but after talking with people in their tax dept. turned out it was correct. I did a Roth conversion, recharacterized that transaction, and re-converted to a Roth again, to get a lower tax. One 1099R is the sum of the recharacterization and the conversion. The recharacterization will also be reflected on a 5498 on your April statement. If you did something similar you will get additional 1099R's, the distribution code in box 7 tells the IRS what they're for.