No. Your contribution basis is more than $2,149, reported as a regular distribution the entire $2,149 is free of tax and penalty. That's one of the reasons that I said that treating the distribution as a regular distribution minimizes your tax liability over the several years. Only if taxable amounts are distributed from your Roth IRA would you have any early distribution penalty, and treating it as a regular distribution makes the distribution nontaxable, calculated on Form 8606 part III.
