Undoing Roth Conversion-Partial Reversal?

[Guest SLUSTIG]

Can a Roth conversion done in December 1998 be partially reversed in 1999 ( prior to the due date of the tax return) when it is determined how much the taxpayer wishes to actually convert and pay tax on?? If yes, is there a restriction on which assets can be transferred back to the original IRA?

[Guest cfiverson]

Same question. My concerns include loss of child credit, other impacts from increased AGI. Would like to run whatifs, but IRS forms not yet released, so calculations complex & very approximate (including AMT -which may be triggered- & Sched D tax). Second best would be partial recharacterization after year end of part of 12/98 conversion. Any ideas?

[Guest lwiener]

I have multiple regular IRA accts converted to multiple corresponding Roth IRAs as well as a brokerage IRA acct converted to a Roth IRA(all conversions in 1998).Prior to my 1999 tax filing for 1998,I would like to review each account for tax efficiency.Can I reconvert multiple selected accounts in 1999(prior to tax filing) at different times even though you are allowed only one reconversion per year.Also can I reconvert selected stocks from my Roth brokerage acct and leave the appreciated stocks in the residual Roth brokerage account.