mcd1231
Level 4
08-11-2020
12:59 PM
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She rolled over her direct contributions from her Roth at work to a Roth IRA in 2018.
The earnings from the Roth at work were rolled over to a traditional IRA.
When she took the $5,500 withdrawal in 2018, she took it from her Roth contributions IRA not the traditional IRA.
The 5 year rule applies to withdrawal of earnings from a Roth or a conversions from a traditional IRA to a Roth or an inherited Roth IRA. None of these situations apply to my client.