If you made a contribution to a Roth IRA for 2020 and that contribution includes an excess contribution because your MAGI is over the limit for your filing status, you can either as the IRA custodian to recharacterize the contribution to be a traditional IRA contribution instead, making it as if that contribution had originally been made to the traditional IRA and had the attributable investment gain or loss occur in the traditional IRA, or you can request the the IRA custodian make a return of contribution, not a regular distribution, before the due date of your 2020 tax return, including extensions. If you obtain a return of contribution, it will be as if the contributions was never made and you could make a separate contribution to a traditional IRA. The traditional IRA contribution resulting from a recharacterization or a new contribution after a return of the Roth IRA contribution may or may not be deductible. If you obtain a return of contribution before the due date of your tax return, any investment gains required to be included in the distribution will be taxable and subject to an early-distribution penalty.
If the excess contribution was instead due to insufficient compensation, your only option is to obtain a return of contribution.
Your 2020 tax return will need to reflect whatever you do.
