Both methods do exactally the same thing and either can be used. They each simply place the returned excess contribution amount on the 1040 form line 1 wages. Use whichever method seems easier for you (many people get confused with the 2019 1099-R code P since the interview says code P is for 2017, but the year advances by 1 when you say it is a 2019 1099-R).
**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.**
