When $5$ cards are dealt, the reasonable assumption is that they are dealt from the same deck, so the number of hands is $\dbinom{52}{5}$. All these hands are equally likely.
Now let us count how many hands have at least one card from each suit.
The suit that we have $2$ of can be chosen in $\dbinom{4}{1}$ ways. For each of these ways, the actual $2$ cards can be chosen in $\dbinom{13}{2}$ ways. For each of these choices, there are $\dbinom{13}{1}$ ways to choose $1$ card from the highest ranking remaining suit, and so on, for a total of $\binom{4}{1}\binom{13}{2}\binom{13}{1}\binom{13}{1}\binom{13}{1}.$ To find the probability, divide.
Now we can look at an entirely different problem, in which after drawing a card and writing down what it is, we replace the card in the deck and shuffle before drawing again. That is a somewhat unreasonable interpretation of the problem.
The natural denominator is then $52^5$, since there are $52^5$ sequences of cards, all equally likely. Now we need to count the number of "favourables."
The suit we will have $2$ of can as before be chosen in $\dbinom{4}{1}$ ways. For each of these ways, the location of the draws at which we got this suit can be chosen in $\dbinom{5}{2}$ ways. For each way of specifying the location, the two slots can be filled in $13^2$ ways. Once this is done, there are $3$ empty slots. The first one can be filled in $39$ ways. For each such way, the next empty slot can be filled in $26$ ways. And for each of these, the remaining empty slot can be filled in $13$ ways.
There are other ways of organizing the count. For example, onece we are left with $3$ empty slots, there are $3!$ ways of deciding the order of the suits in thse empty slots. And once this is done, the slots can be filled in $(13)(13)(13)$ ways.