roth distributions prior to 59 1/2

[Guest rick123]

I opened a roth ira in 1999 with $2000. contributed $2000 in 2000 also. (total $4000). i took a distribution in 2001 for $2000. i am under 59 1/2. I was under impression that i could withdraw principal if under 59 1/2. thought penalty was only on earnings. please clarify?

thanks

[BPickerCPA]

No tax, no penalty, no harm, no foul.