How do I withdraw money from a Roth IRA?
Contact your financial institution to tell them you want to withdraw money from your Roth IRA. You may be required to fill out an institution-specific form with your identification and account information.Report the amount of your Roth IRA withdrawal on your taxes using form 1040 or form 1040A. If your withdrawal is qualified, meaning you are at least 59 1/2 years old and the account has been open for at least five years, or if your withdrawal is only of contributions, the withdrawal is tax-free and penalty-free.Use form 8606 to determine how much, if any, of your non-withdrawal is from earnings.
