I took money ($500k) out of a traditional ira ($100k taxes withheld) in order to buy a house. When my old house sold, I wanted to take the proceeds to roll the money into a Roth IRA within the 60 day time limit. I am confused if I have to put the full amount ($500k pre-tax) into the Roth or just the after-tax amount ($400k) to avoid any penalties. Does anybody know?
