If you're requesting a partial withdrawal from your Roth Individual Retirement Account (IRA) or planning to close it entirely, you'll need to input the reason for the withdrawal, and your tax withholding preferences.
Roth IRA distributions are not subject to any mandatory federal or state withholding. Qualified distributions from a Roth IRA are not taxable at the time of distribution. It is important to consult your tax advisor to see how a distribution may affect your circumstances and whether taxes should be withheld.
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This information is for educational purposes only and is not tax or investment advice. Consult your tax advisor for individual considerations. All investing involves risk. Visit the IRS website for more information.