Roth Ira Distribution

[dyne]

My client is 29 years old and withdrew a distribution of the entire balance in her ROTH IRA after holding it for more than five years. At first I thought that the earnings of $211 would not be taxable and the 10% early withdrawel penalty would not apply. But after reading IRS Pub 17 and 590 it appears that the earnings WOULD be taxable and the 10% early withdrawel penalty WOULD also apply because she is NOT older than 59 1/2. Thank you in advance for any comments.

[Jesse]

I would agree with your conclusion that the earnings would be taxable and subject to the 10% early withdrawal penalty because she is not older than 59 1/2