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Get your taxes done using TurboTax
If you're 59-1/2 or older, the distribution, including any earnings, is tax-free. Your basis becomes irrelevant unless you are trying to suggest the distribution will be less than what you think you contributed. If under 59-1/2, any income distributed may be subject 10% penalty. Withdrawal of contributions is penalty-free. They come first - before income distributions.
‎February 18, 2026
8:50 PM