In 2024 I rolled over my one Roth IRA turbo tax is asking if I opened a Roth IRA in 2024

[Jillyjilly]

Is doing a rollover the same as opening a Roth IRA ? Yes I opened the one that the money was rolled over to

[MinhT1 · Accepted solution]

No. Rolling over your Roth IRA to another Roth IRA is not the same as opening a Roth IRA.

Transferring your Roth IRA to a different broker does not reset the 5-year holding period; the 5-year clock starts when you make your first contribution to any Roth IRA, and it applies to all your Roth IRAs, meaning a transfer between accounts does not restart the waiting period.