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Author: CLC Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121594  
Subject: Roth Withdrawals Date: 3/7/1998 6:47 PM
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I understand that QUALIFIED Roth IRA withdrawals prior to age 59 1/2 that exceed your contributions are subject to tax but not a penalty. What about any amount withdrawn in order to pay the tax on that qualified withdrawal. Is that subject to both the tax and the penalty?
For example, a $10,000 Roth-IRA withdrawal used for a "not so recent" homeowner's (2 years) purchase of a home is subject to tax but no penalty. What about withdrawal of the funds to pay that tax?
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