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When you make a withdrawal from your Roth it is considered that your contributions come out first, then any conversion funds and finally earnings.
Here's an example: Let's assume you have contributed a total of $20,000 into your Roth IRA and over time your account has grown to $40,000. You are buying your first home and want to withdraw $30,000. The first $20,000 will not be taxed as it reflects your contributions. As a first time home buyer the next $10,000 will not be subject to the 10% early withdrawal penalty and will not be taxable as long as you've had your Roth for over 5 years.
This type of flexibility is what makes the Roth IRA attractive for many investors.