Determining earnings/losses on IRA recharacterization

[dmertz]

@Matthew_JS , you misunderstand the circumstances.  The Adjusted Opening Balance is the $10,000 (not $17,000) account value immediately before the contribution plus the $7,000 contribution, a total of $17,000 (not $24,000).  A $20,000 Adjusted Closing Balance therefore means that there was a gain of $3,000, a 17.647% gain.