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
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