IRA Recharacterization - Tax Reporting

[Guest AFSJR]

I converted a traditional IRA to a Roth IRA in December, 1998 only to realize in January, 1999 that my AGI was over the $100k limit. In Jan, '99, I recharacterized the total back to the Traditional IRA. Several IRA's were affected but the total of all assets in each were reversed.

My questions are:

1. Is it necessary to report the conversions and recharacterizations for tax year 1998?

2. I received 1099R's for the original move to the Roth. Should the Trustee be sending me additional 1099R's which reflect the transfer back to the Traditional IRA?

3. If necessary, how do I report the activity on the 1040, using which forms, etc. if necessary?

Thanks in advance for your time!