You cannot avoid the 6% 2018 and a 2nd 6% 2019 penalty by removing it in 2020. It is too late for either one. You only had until Dec 31, 2019 to remove the excess to avoid the 2019 penalty. You can avoid another 2020 penalty by either removing the excess before Dec 31, 2020 or applying the excess as a 2020 contribution if withing the contribution limits.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
