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Claiming a backdoor roth conversion
I made a non deductible backdoor Roth IRA contribution total of 6700$ in 2025. I made an additional contribution of 300$ in January of this year 2026 for year 2025 to max my total 7000$ allowed by irs. I only received a 1099r for 6700$ from Schwab and they’re telling me I won’t get a 1099 for the 300$ until January of 2027. Is this correct? What do I claim on my 2025 taxes for the 8606 form 6700$ or the total of 7000$?? This is first year filing having done the backdoor method.
5 hours ago