1. How do I withdraw and close the account ?
A Roth IRA contribution can be recharacterized as a traditional IRA contribution, or vice-versa, as long as the recharacterized contribution is valid in its own right. Contact the broker and let them know it can be done and don't take no for an answer.
2. When I withdraw, do I need to withhold any taxes ?
If you do close the account and take a distribution then only the earnings will be taxable ... usually there are no withholdings required but you can request it.
3. How will the capital gains reported to IRS ?
There are no capital gains to report ... all earnings from an IRA are oridinary income reported on a form 1099-R.
