How to prove Roth Ira 5 year holding period

If someone is 59 1/2 and has held a Roth Ira for 5 years, then they can withdraw without taxes or penalties.

However, Roth Ira contributions are not reported when filing taxes. Therefore, what proof is required by the IRS to show that a Roth Ira has been open for 5 years?

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1 Best answer

Level 15

Mar 12, 2021 7:35:06 PM

The IRS will already have the proof because all Roth IRA contributions are reported to the IRS on Forms 5498 provided by your Roth IRA custodian(s).

Level 15

Mar 12, 2021 7:35:06 PM

The IRS will already have the proof because all Roth IRA contributions are reported to the IRS on Forms 5498 provided by your Roth IRA custodian(s).

Not applicable

Mar 13, 2021 9:37:03 AM

Thank you dmertz

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How to prove Roth Ira 5 year holding period