We will be withdrawing a 2012 excess roth contribution. Can this be withdrawn “in kind?” Can we transfer the mutual fund to the trust. It was their first Roth contribution so the whole fund can be transferred if “in kind” transfers are allowed.

There is income which is subject to an early distribution tax (under 59 1/2). However, their son is in college. If they use the income earned for his college expenses, can they show it as not subject to the 10% early distribution tax?

Thanks Mary