DaveF1006
Expert Alumni

Get your taxes done using TurboTax

It depends. If your holding period for the Roth was  less than five years, you do need to pay the early withdrawal penalty on the earnings regardless of your age. The five year holding period is counted from the time you made your first Roth Contribution to the time the distribution was made.

 

If you held the Roth more than five years, there is a qualification question in the Turbo Tax interview that addresses this.

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