Referring to the following statement from dmerz (point #2 in his / her response from Jun 5, 2019)
"...However, there is a different 5-year rule that is used to determine if earnings that occur in your Roth IRAs are tax free, qualified distributions when distributed. This 5-year rule is satisfied 5 years after the beginning of the year for which you first make a Roth IRA contribution. If your first Roth IRA is established by a Roth conversion in 2018, distributions occurring after 2022 will be qualified distributions, entirely tax free no matter how much is distributed from your Roth IRAs. Until then your tax-free distributions are limited to the converted amounts plus any regular Roth IRA contributions you might have made. Under the ordering rules for Roth IRA distributions, earnings are distributed last."
Can anyone please point me at a definitive statement, from either the IRS or TurboTax, that documents his / her point?
Here's my situation, and the way I'm interpreting dmerz' comment: I'm well over 59 1/2, so no issue there. I have one Roth IRA account. It was initially funded back in 2014 by a TIRA conversion, so from that standpoint I'm past the 5-year period, but I should note that I've made subsequent TIRA conversions and tax-paid 401K rollovers to it, including even in 2021. If I'm reading dmerz' opinion correctly though, I should be free to withdraw any and all money, including my basis and any earnings, from that Roth account here in 2021. I.e. all money in the account is now considered "qualified" by the IRS.
I guess I should say first: If I'm not reading that right, please let me know, and...
...Again, assuming I am reading it right (and that dmerz is correct), if anyone can point me at definitive documentation of dmerz' (and my) interpretation, either from the IRS or TurboTax, I'd appreciate it.
