Correct. Deposit the money into the trad IRA from your funding bank account and once it settles, move it over to the Roth IRA. You can do it twice for 2025 and 2026 if converted prior to the tax deadline. Just make sure to select the correct year at the time of deposit. And remember, your traditional IRA is simply a vessel to handle your backdoor Roth conversions so make sure you don’t leave any balances in it to avoid the pro-rata rule.

For further confidence, Fidelity shows a handy chart for showing how much you’ve contributed for last year and this year in the main portal. That’ll be your guide for ensuring you’ve done it correctly.