Roth IRA Withdrawl (was converted from a Traditional IRA)

[bkneipher]

I converted a traditional IRA to a roth about 20 yrs ago (back when you could spread the tax out over 4 years)

If I withdrawn all the $ from the IRA is the cost basis considered to be the amount that I paid tax on and is also considered to be my contribution amount? 

I converted/paid tax on 34k. That is now worth 27k. I assume I can take out the 27k without penalty/tax?

[MinhT1]

As the balance of your Roth IRA is now less than the amount converted, you can withdraw the whole amount without tax or penalty as it is considered as a withdrawal of amounts contributed.