No, the earnings are not considered as an excess contribution. Please make sure when you enter the recharacterization that you only enter the contribution amount an not the earnings. The earnings will only be entered on the explanation statement.
Also, when you convert the amount to the Roth IRA only enter it in the 1099-R section, do not enter the converted amount in the IRA contribution section.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
