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?
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).
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