Withdrawals of Roth IRA contributions are always both tax-free and penalty-free. But if you’re under age 59½ and your withdrawal dips into your earnings—in other words, if you withdraw more than you've contributed in total—you could be subject to both taxes and penalties on the earnings portion of the withdrawal."
Link: https://investor.vanguard.com/ira/ira-distribution-rules?cmpgn=INT:DP:RIG:PLANWITH:1216:RPM10CK:RPM1...
But when I use Turbo Tax there is no way for me to avoid the 10% penalty. It also treats the entire withdrawal as if I need to pay taxes on it again! This is clearly wrong and the questions never ask me how much Roth IRA contributions I have made. Please provide guidance on how I can resolve this issue. I am only withdrawing my contributions and it should be completely penalty free but Turbo Tax thinks I owe 10%.
-Thanks,
-Destinx
