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here is an example, what is the answer?

an IRA mutual fund is funded with $ the IRA mutual fund is worth $3000 one year and one day later today........

i want to close out this IRA and take the 10% penalty (before age 59.5)........... and pay the taxes........

the IRA listed $100 short term capital gains and $200 long term capital gains (.rolled to new shares of mutual fund).... $700 was additional appreciation since last distribution.....

1. is the penalty $300 or is it $100 (the capital gain only)?????
2. are the taxes 20% on the $1000 = $200 (long term)..... or at individual tax rate........say 35% = $350....??????????
3. or do you have to treat each short term distribution and long term distribution seperately and pay different tax rates on them?????


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