mjdavern33 wrote that "code J indicates regular distributions, not returns of contributions."
He is WRONG. Code J is "Early distribution from a Roth IRA." Hardly an indication of "regular distributions"! Only the earnings portion (i.e., distribution minus contribution) of this taxpayer's distribution would be taxable. It would be taxed as ordinary income. If the taxpayer was under 59-1/2, he would also owes a penalty equal to 10% of the earnings portion of the distribution.
