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Each Roth conversion has its own 5 year period until the conversion amount becomes part of the existing Roth's basis....or....your attaining age 59.5, which ever comes first.

However, a qualified Roth withdrawal (no tax on withdrawals) requires that you've held any Roth at least 5 years AND you've attained age 59.5 (or you die or become disabled or use the withdrawal as part of the down payment on a principal residence when you haven't owned a home in the past two years).

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