Q: I did not create a placeholder 1099-R form as suggested in other posts on same topic, if that is what you meant by handle.
Yes, this is what I meant by handle.
Since you withdrew the excess contribution before the due date last year, you could have created a 1099-R form while preparing your 2020 tax return to avoid amending your 2020 return after you received your 2021 Form 1099-R.
Since you did not handle the excess contribution on your 2020 taxes, now you need to amend your 2020 tax return to report the earnings reported in box 2a of 1099-R form.
Q: I would need to add the same 2021 1099-R in my 2021 return as well. Is that Correct?
Yes, you are correct. Since the taxes on withheld in 2021, you need to include your 2021 Form 1099-R on your 2021 tax return so that you can get credit for taxes paid, either to lower your tax liability or receive a refund.
@Rohit_S
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