Retirement tax questions

If your 1099-R has a code "R" in box 7 entering it into your 2014 tax return would have no effect since a code R does not actually do anything.     The recharacterization should be entered in to the IRA contributions section (Roth contribution recharactorized to a Traditional IRA).

I believe that you did it properly since any earnings in the Roth will transfer to the Traditional IRA and is not taxable.  Only the actual Roth contribution is recharactorized.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**