No. You are probably not taxed on the distribution from your Roth IRA.
The return of your contributions is not taxable because you already paid taxes on it.
Any part of the distribution that is considered earnings would be taxed unless:
- the distribution occurred after a five-year holding period. [The five-year holding period begins on the first day of the first year you started making contributions to the IRA.]
- you are age 59-1/2 or older
- the distribution is due to death or disability; or
- the distribution is eligible for the first-time homebuyer's exception
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