"What should I expect to see in my 2023 tax form? Just Form 8606 with Line 14 Populated with a basis of $7,500?"
Correct. The $7,500 from line 14 of your 2023 Form 8606 will carry forward to line 2 of your 2024 Form 8606.
Whatever Roth conversions you do in 2024 are reportable on your 2024 tax return and will appear on your 2024 Form 8606. When you do your 2024 traditional IRA contribution followed by a Roth conversion, be sure to convert the entire balance including any slight investment gains to that point. The investment gains will appear on line 18 of your 2024 Form 8606 as taxable.
A nondeductible traditional IRA contribution doesn't appear on Schedule 1, only on Form 8606.
