Thank you for your response. As mentioned, the current Roth IRA that I have is well over 5 years old. I would like to open Roth IRA accounts with other vendors. As I understand it, because I already have a single Roth IRA account that is over 5 years old, these new accounts (opened say in 2026) will also count as over 5 years old. Please confirm that my understanding here is correct.
But how does the new vendor know that? If I take a withdrawal from one of these new 2026 accounts (prior to the new accounts being open for more than 5 years) doesn't the vendor have to report that to the IRS. Should I transfer some funds from the original Roth IRA (the one that is currently more than 5 years old) to help establish that the new IRA account with a different vendor also counts as more than 5 years old.
Will the document that I receive from any Roth IRA vendor indicate that the distribution is a qualified distribution? Basically, how does the IRS know that a withdrawal from Roth IRAs is a qualified withdrawal?
