ROTH conversions, 5 year rule

[hunzoli]

If one has multiple ROTH IRA accounts, does IRS handle them as just having one account? In detail: I have an "old" over 5 years Roth Ira with substantial growth over the years. And now, I want to create more separate Roth Ira accounts to see easily my finances. I convert traditional IRAs to new ROTH accounts, which are long term investments. I am not going to touch them for over five years. I know the Ordering Rule of IRS, but it is not clear in this case. Will IRS handle the multiple Roth accounts one by one? If another account "matures" over 5 years old, will I be able to use it just like my "old" Roth account? In this sense, does it make sense to have multiple separate Roth accounts? Thanks in advance for clarification. And, can Turbotax handle this kind of Tax case? Regards, Zoltan

[Click]

Roth IRA accounts are all one Roth IRA account as far as the IRS is concerned. Similarly for IRA accounts (but not 401(k) accounts).

The 5-year clock you are referring to starts Jan 1 of the year you put your first dollar into ANY Roth IRA account, even if you closed that account decades ago. If that occurred for you at least five years ago, and you are older than 59 1/2, there are no five year rules for you to worry about any more.