Please clarify the sentence "The earnings are considered earned and received in the year the excess contribution was made." What gives me pause for thought is that this statement makes no reference to the tax year for which the Roth IRA contribution was made. My example: In Feb 2020 I submitted what turned out to be an excess contribution to my TY 2019 Roth IRA. I withdrew the excessive amount and earnings in March 2020. Are the earnings to be included in my 2019 tax return or my 2020 tax return? If I take Pub 590-A literally, earnings should be included in my 2020 tax return despite it being a TY 2019 Roth IRA contribution. Is that correct?
