You do not need to create a substitute 1099-R.
If you withdrew your 2020 excess contribution to your Roth IRA before the due date of the 2020 tax return, make sure that you also withdraw the related earnings.
On your 2020 tax return, do not report the excess contribution as it has been withdrawn. The earnings have to reported and taxed. These earnings are also subject to 10% early withdrawal penalty on form 5329.
The earnings on the 2021 excess contribution are to reported on your 2021 tax return.
When you receive the 2021 form 1099-R (in 2022) for this withdrawal, there is no further action needed.
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