Example 1:
01/26/1998
Open an IRA account with a payment of $5,000.

12/31/1998
Fair Market Value of $6,500.

04/15/1999
Create a 5498 with the following values:
IRA Contrib $5,000
FMV $6,500
IRA Box X

05/05/1999
Close IRA account and created Roth Account.
FMV $6,500

12/31/1999
1099-R reporting distribution (rollover)
Fair Market Value of $8,000

04/15/2000
Create the 5498.
Situation 1:
Roth Conv Amt $6,500
FMV $8,000
Roth IRA Box X

Situation 2:
Roth Conv Amt $6,500
FMV $8,000
Roth IRA Box X
Rechar Box X

Situation 3:
Rollover Contrib $6,500
FMV $8,000
Roth IRA Box X
Rechar Box X

Which of the above is correct or what is correct?