topic How to prove Roth Ira 5 year holding period in Retirement tax questions

How to prove Roth Ira 5 year holding period

Anonymous — Sat, 13 Mar 2021 02:17:07 GMT

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?

Re: How to prove Roth Ira 5 year holding period

dmertz — Sat, 13 Mar 2021 03:35:06 GMT

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).

Re: How to prove Roth Ira 5 year holding period

Anonymous — Sat, 13 Mar 2021 17:37:03 GMT

Thank you dmertz