This is only partially correct.
As your Roth account is less than 5 years old, your withdrawal of earnings is subject to Federal and state taxation. However, as for the penalty of 10%, please check your DOB in the Personal Info section of TurboTax and please let me know: on your form 1099-R for the withdrawal, what code is in box 7?
You have also avoided the excise tax of 6% on the excess contribution as you withdrew before May 17, 2021.
@martymoose I have again edited my answer.
[Edited 01/27/22 | 1:11PM PST]
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
