If you withdrew your 2021 excess contribution to your Roth IRA before the due date of the 2021 tax return (April 18, 2022), make sure that you also withdraw the related earnings.
On your 2021 tax return, you do not report the excess contribution as it has been withdrawn. The earnings have to reported as Other reportable income and taxed in 2021. These earnings are also subject to 10% early withdrawal penalty if you are younger than 59 1/2. You do not need a 2021 form 1099-R to report the earnings. Use the amount given in the letter you receive from your broker when you withdraw the excess.
When you receive the 2022 form 1099-R (in 2023) for this withdrawal, there is no further action needed and nothing is reported on your 2022 tax return..
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