I filed my 2010 taxes in February of 2011. In the first week of April 2011, I opened a Traditional IRA account online with Fidelity and contributed the maximum allowable amount of $5000 for the year 2010. After 2 days and some research and advice I decided that a Roth IRA would be more suitable. So I requested for my $5000 dollar to be re-characterized to a new Roth IRA account which after some delay was finally completed on April 15 2011 (just before the tax deadline).
My question is what precautions do I need to take in terms of reporting to IRS what and when? I'm completely new to this stuff and what I did might seem a bit dumb, but I'm young and have just started out investing for retirement and all this is very new to me since I've been living in the United States for only the past 1 year.