A return of contribution in the amount of $2,044 could be requested. The amount distributed would be adjusted for investment gain of loss over the entire account for the period beginning on the date of the first contribution through the date of the distribution. Attributable gains would be subject to tax and, if your wife is under age 59½ at the time of the distribution to a 10% early-distribution penalty, but the $2,044 itself would not be subject to tax or penalty.
