I have an IRA that I opened by rolling over $1300 from my 401k plan earlier this year. I then contributed $2000 to the account and bought NOK at $27. I would like to roll this over into a ROTH IRA.

My question: The original $1300 was taken out of my paychecks by my employer so I did not pay taxes on this but the $2000 came out of my pocket and I have not claimed this on my taxes yet. can I simply roll it into the ROTH IRA and only pay the taxes on the original $1300?

also Can the losses on NOK offset the taxes I will owe by rolling over into the ROTH.

Thanks for the help.