what's the form for ira withdrawals
under age 70Â½, use the IRA Distribution Request Form on page 5, or age 70Â½ and above, use the Required Minimum Distribution Request Form on page 9. Normal Distribution (on or after age 59Â½) Investors who are age 59Â½ and above may request a normal distribution from their retirement account. Roth IRA distributions are tax free if the account has been held for at least five years. Premature Distribution (before age 59Â½) All IRA distributions taken prior to age 59Â½ may be subject to a 10% early withdrawal penalty. In a Roth IRA, converted amounts under five years and all earnings will be subject to a premature distribution penalty. Penalty Exempt Distributions