It depends on the nature of the recharacterization - if you recharacterize the entire $5,500 as to the Roth IRA, then no, but if in part, then yes. See the description of different scenarios on pages 4 and 5 in <a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/i8606.pdf">https://www.irs.gov/pub/irs-pdf/i8606.pdf</a>
