Claiming a backdoor roth conversion

[Kevin1970]

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. 

[baldietax]

that's correct, think of backdoor Roth as 2 separate transactions - (1) the non-deductible contribution; (2) a Roth conversion.  You can backdate the contribution to prior tax year, but the conversion will apply to the current calendar year - so you'll get a 1099-R next year for the $300.

when you file for 2025 you would put in a $7000 contribution and also follow the questions about how much of it was contributed this year for 2025.  your 1099-R will show a conversion for $6700 on the 8606, the end result should be a tax-free conversion of $6700 and you will have a basis carryover of $300 which will apply for your 2026 taxes.

the contributions are limited but the conversions are not, so say you do a backdoor this year for $7500 and do it all this year, then on your 8606 for 2026 you will have a basis carryover of $300 plus the $7500 contribution, for a total basis of $7800, and your 1099-R(s) will reflect a total Roth conversion of $7800 also.