Over the years, the Castle has been home to the Smithsonian Institution Archives and the Woodrow Wilson International Center for Scholars. Today, the Castle houses the Institution's administrative offices and the Smithsonian Information Center.
Withdrawals made after age 59 and 1/2 are normal retirement withdrawals and are not taxed. You paid tax on that income when you first contributed to the Roth IRA. If the withdrawal is made before age 59 and 1/2 and is only up to the amount that has been contributed to the Roth IRA then no income tax is charged. Withdrawals of contributions are tax-free.
You donât pay tax on your Roth IRA distributions until you withdraw earnings, and you arenât considered to be withdrawing earnings from your Roth IRA until the total amount youâve withdrawn from all your Roth IRAs is greater than the total amount you contributed to all your Roth IRAs, including rollover contributions.istributions taxed as ordinary income. If your distributions are taxable, youâre required to treat them as ordinary income. You canât treat them as capital gain, even if the IRA received the earnings as capital gain. Example: You contributed $2,000 to a Roth IRA and invested it in stock.