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Retirement tax questions
If your first contribution (including conversions) to a Roth IRA was for some year before 2019, your Roth IRAs are qualified and any distributions from your Roth IRAs in 2023 and beyond are free of tax and penalty. It doesn't matter how the money got into your Roth IRAs.
If your first contribution to a Roth IRA was for 2019 or later, to be able to take out tax-free any earnings that have occurred within the Roth IRA you'll need to wait until 5-years have passed from the first year for which you made a Roth IRA contribution.
‎July 26, 2023
12:57 PM