I did a Backdoor Roth conversion in 2025. Received 1099-R from Fidelity for $7000.01 in gross distribution and taxable amount $7000.01. I also have a 2024 8086 with $2 remaining at the end of 2024 line 14 shows $2.
The 2025 8086 doesn't have any amount on line 1. $7000 shows up on line 8 and line 16. $2 is on line 17 and line 18 has $6998(line 16-line17) of taxable amount. Shouldn't line 1 have $7000.01? Why is the conversion getting taxed?
