To clarify, you made the contribution in 2024 and converted it in 2024?
To confirm you have a $7,000 entry on lines 1, 3, and 5 of Form 8606? The conversion shows up on line 8?
Can you verify if you checked the IRA/SEP/SIMPLE box on your Form 1099-R entry?
Did you have pre-tax funds in your traditional/SEP/SIMPLE IRAs (value on December 31, 2024 not $0)? If yes then the pro-rata rule applies. This means that with each distribution/ conversion you will have a taxable and nontaxable part.
Please see How do I enter a backdoor Roth IRA conversion? for additional information.
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