Because the $924 excess remained in your Roth IRAs at the end of 2021, you owe a 6% penalty on the $924 for 2021 unless you can apply the $924 as part of a Roth IRA contribution for 2021. If you can't apply the $924 as part of your 2021 Roth IRA contribution, this excess carries into 2022. You can resolve the excess for 2022 by taking a regular distribution of $924 before the end of 2022. This regular distribution will be reported on line 20 of your 2022 Form 5329 to reduce the excess to zero for 2022. This distribution will be a nontaxable distribution of contribution basis.
