qbteachmt
Level 15
‎01-28-2021 12:18 PM

From: https://www.irs.gov/instructions/i5329#idm139986644641968

Line 23:

You can withdraw some or all of your excess contributions for 2020 and they will be treated as not having been contributed if:

  • You make the withdrawal by the due date, including extensions, of your 2020 tax return; and

  • You withdraw any earnings on the withdrawn contributions and include the earnings in gross income (see the Instructions for Form 8606 for details). Also, if you hadn’t reached age 59½ at the time of the withdrawal, include the earnings as an early distribution on line 1 of Form 5329 for the year in which you report the earnings.

 

Here:

https://www.taxact.com/support/1280/2016/ira-or-roth-ira-excess-contributions

 

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