I'm confused about 1099-R and Roth conversions. In 2015 I made a 2014 and 2015 after tax contribution to a new traditional IRA and proceeded to convert the total amount to a new Roth IRA. My 1099-R lists a distribution for the total amount (2014 and 2015 contributions). It seems that since these were after tax contributions that were immediately converted to a Roth, I should not owe any tax. However when I enter the 1099-R, my refund amount goes way down. Can someone clarify please? Thank you.
