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There are two 5 year rules. One applies to conversions. Each conversion has its own qualifying 5 year period.

Yes, there are two different 5 year rules. But the one that applies to conversions is only used if the distribution is not a "Qualified" distribution, and you have to use the ordering rules to see if the distribution is taxable. Once someone turns 59 1/2, and they have had a Roth account open for at least 5 tax years, they meet the requirement for "Qualified" distributions, and the 5 year clock for conversions is disregarded.

AJ
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