Each Roth Conversion must be treated separately when considering the 5-year rule. The 5 years starts on January 1st in the year of conversion and ends in 5 years from that point. This is true, even if converting into an existing Roth IRA opened 10 years ago.
It is a good idea to open a separate Roth IRA for each conversion in order to easily track your investments and 5 years.
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