Scenario: 1 share of ETF was purchased for $100 in traditional IRA on 2/1/2019 and rolled over to Roth on 2/2/2020 when the market value at the closing was $110. 1/1/2025 market value is $120. The appreciation $10 ($120-110) of the share is treated as the earnings, correct? If so, $10 can be distributed tax free and penalty free on 1/1/2025 because that share has been in the Roth for more than 5 years from year 2020 to 2024. Correct?
Thanks!!
