"So to confirm - I will pay taxes on this excess contribution that I am getting back when I file in 2021 for the 2020 year, since I will receive the check this year?"
Yes, you should not receive the 1099-SA with the distribution code of '2' for the earnings until sometime after January 1, 2021 (probably more like January 31), so you would enter it on your 2020 tax return.
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