Drake wrote:

- quote -

What tax program are you using?

The activity will generate a 1099-R.

TaxAct is the only program I know about. When you fill in
the fields for the 1099-R, scroll down and you find some
more questions and check boxes that may be accomplishing the
same thing.

Carl

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

"Drake" <DMateescu[at]gmail.com> wrote:

- quote -

No

- quote -

You can file electronically, but not paperless. Attach the
statement to the electronic filing declaration and mail it.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

On 01/12/2007 I made a maximum allowed contribution to my
wife's traditional IRA for 2006.

When I received her 2006 W2 (she had a part time job that
grossed appox 8000 in 2006) found she was covered by a
retirement plan at work (although she did not contributed)
and with a 130K AGI (married filling jointly), the 2006
traditional IRA contribution will not be deductible.

According with pub 590 we are allowed to contribute to a
Roth IRA (married filling jointly, AGI less than 150K), so,
I plan to do a recharacterization to a Roth IRA,
same-trustee transfer, before the filling deadline.

Two questions:
a) IRA to Roth conversion is not allowed for AGI > 110 K. Is
this applied to recharacterization too?
b) According with form 8606 instructions, recharacterization
(for the same year) before the filling deadline need not to
be reported, however, according to the same "....you have to
report it into a statement attached to the return" - since I
fill my return electronically, how do I "attach the
statement". ?

Thanks for help....
Drake

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >