I just found this information about withdrawals from an Education IRA from Vanguard. It seems to indicate that only the earnings (not the principal) is taxable if withdrawn for non-qualified educational expenses.Taxes and penalties for nonqualified expensesWhen discussing withdrawals from an Education IRA, it'simportant to note that they come proportionately fromcontributions and any earnings on those contributions. So,because contributions come from after-tax dollars, any tax orpenalty upon withdrawal applies only to earnings.As long as I (the custodian of a minor child) have no earnings, I should be able to withdraw the entire amount tax-free and penalty-free, right?
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