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My client does not have access to the history on the Roth account. The original holding period exceeded 5 years but her holding period just started in 2023. The only facts she knows: the amount rolled to her account (about $90000) when she divorced in 2023 and she took a $10,000 distribution in 2024. She does not have the original contribution dates or amounts. Nor does she know the amount of earnings in the account. Any suggestions on how to proceed? Thank you for any insight.
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I thought her holding period starts fresh as she didn't have a Roth until the roll over happened. I really hope I'm wrong about that.
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"She does not have the original contribution dates or amounts. Nor does she know the amount of earnings in the account. Any suggestions on how to proceed?"
She can't get this from the ex? Or the brokerage holding the account (copies of statements) with the ex's permission? Or, the IRS, since there are Form 5498. And there might be conversions carrying their own 5-year clocks.
Obviously, this info needs to be produced for her own tracking and reporting.
Don't yell at us; we're volunteers
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It was not an amicable divorce, but she is searching for the 5498. Thanks for responding.
