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Figure the early withdrawal penalty using Form 5329 if any of your non-qualified Roth IRA distribution is taxable. This only occurs if you are taking out earnings from your Roth IRA because withdrawing contributions isn't taxable. Also, if you have an exception to the penalty, such as higher education expenses, document it on Form 5329. Step 5
How to Withdraw Roth IRA Contributions. A Roth Individual Retirement Arrangement (Roth IRA) is subject to special rules that do not apply to other types of retirement accounts. Once you open a Roth IRA, you may be able to make contributions into the account up to a certain limit. When you want to take money out of your Roth IRA (i.e., withdraw or distribute funds), you need to understand the federal tax consequences of doing so. Once you have calculated your potential tax liability for making a distribution, you can withdraw funds from your Roth IRA if you would like.