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Qualified distributions you to meet 2 different conditions: (1) You have had a Roth IRA account open for at least 5 tax years and (2) you are at least 59 1/2, permanently disabled, you are a beneficiary of an inherited IRA, or you meet one of the other exceptions like the first time homebuyer exception. So if you are old enough to take RMDs and your Roth account has been open for at least 5 tax years, you don't have to worry about timelines for individual contributions.

I tried searching on the IRS website for this answer, but couldn't find what I was after. Do you know if the condition is that you have had any Roth IRA open for at least 5 years, or the particular Roth into which you are putting the conversions?

I am asking because this is the year that we are starting to do IRA to Roth IRA conversions, but we are doing it with our FP, so the IRA is with him, and we are opening a Roth with him into which the conversion funds are going. But we already have Roth IRAs at another broker that I manage. We both meet the age condition already, so I was thinking that we could then take this money out of the Roth whenever we want, but your statement above has me wondering. It makes sense to me that we just need to have had a Roth open anywhere, and that the 5 year requirement does not apply per account, but I know that taxes don't always make sense.

Any idea? I'll still be doing the conversions over the next few years, but if there's something else that I need to be tracking, I'd rather know that upfront.
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