Danab27,
Thank you for your super quick response! This helps a lot but I have one last question - where do we show the gain from the recharacterization and pay tax on it?
And you are right, we do intend to convert all this recharacterized amount to Roth IRA through backdoor entry, although after the tax returns are filed tomorrow; so will go through your instructions to make that happen.
Thanks,
RVA Guy
