Trad. IRA to Roth IRA, then Back to Trad.

[Guest AJ Milano]

Hi, I have a situation where someone is moving Cash from a Traditional IRA to a Roth IRA, and then back to a Traditional IRA all in the same year.

On 1/22/02, a guy moves $ 132,000 from a Traditional IRA to a Roth IRA.

On 10/10/02, he moves an additional 60,000 from the Traditional to the same Roth

On 12/31/02, he moves the entire $192,000 from the Roth back to the Traditional IRA.

What is this called, (Conversion / Recharacterization??), and how do I report this (1099 R and 5498's). What dollar amounts, etc.

Would it be reported differently is stock instead of cash is involded?

Thanks, Anthony J. Milano