vb2k
Returning Member

Retirement tax questions

I have a similar situation. I over contributed to my ROTH IRA. Asked for return of excess and got it in March 2020. Excess contribution was $6000 and earnings were $4000. But I only got back about $9500. I think that extra $500 is withheld as taxes. Do I also get to report these withheld tax amounts in my 2020 tax return?