@fanfare You stated, "after tax due date including extensions: you distribute the excess amount being carried forward on 5329, (or offset it with currently allowed contribution) . earnings stay in the Roth account."
So I took distribution of my 2021 excess roth IRA contribution on March 31, 2023. I believe my custodian withdrew the entire amount, i.e. both contribution and earnings. I am over 59 1/2. I had a 20+ year old roth IRA account with a different custodian. TT created a Schedule 2 with $840 (for both me and my spouse) and two Forms 5329 for each of us with $420 each. Will we be taxed on the earnings and if so when?
