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Last summer my company was bought out by a mega-monster behemoth defence contractor. We had been a relatively small (<200 employees) company, and were made an offer we collectively couldn't refuse. The short story is that our buy out gave each of us a bit of "found money" which was rolled over to us from our 401k plan -- i.e. pre-tax income, and was eligible for rollover to an IRA.

I took the lump sum and after opening an E*Trade account, have increased this sum by approximately 35% since September.

My questions: Can I still transfer this money from the standard IRA account I originally opened to a Roth IRA? If I can roll it into a Roth IRA, will I have to pay taxes on the entire amount after the 35% increase, or just on the original amount?
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