"I started this year by opening an IRA account and depositing $180 in it. Subsecuently I did not deposit any more money into that account." OK"Later I opened another IRA account with a different brokerage and deposited $1820."Also OK"From IRS perspective, does it matter that I have two accounts?" You can have all the IRA accounts your heart desires. Next year you can add another total $2000 for 2001, distributing it any way you like. Long term it makes sense to me to have an IRA with a mutual fund company and another with a discount broker. Then buy mutual funds from the mutual fund company and individual stocks from the discount broker. More accounts makes more paperwork, and might mean fees, but the only limit is on the $2000 total annual contribution. So you aren't in any trouble and you can move things, if you wish, when you are good and ready. Best wishes, Chris
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