Recharacterize 2000 Roth IRA Conversion with 1999 Roth Contribution As

[Guest pkeyser]

I have a Roth IRA Conversion account set up in March 2000 to which I also added a $2000 Roth IRA contribution for the 1999 tax year (also in March). I would like to recharacterize/convert this back to an traditional IRA.

I believe I can recharacterize the 2000 conversion amount but not the 1999 contribution amount. Is this correct? Is it "simply" a matter of finding out the correct amount to recharacterize and the amount to be left in the Roth account? Thanks much to any advice you can give.

[BPickerCPA]

Yes, it's simply a matter of finding out the amount to recharacterize and the amount to leave in the Roth.

Unfortunately, the computation itself may not be so simple.