What type of IRA? Roth or Traditional?
Unless you have any after-tax "basis" in a Traditional IRA then all of the distribution would be taxable as ordinary income, but you can always withdraw any or all of you own prior contributions form a Roth IRA tax and penalty free - only the earnings are taxable.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
