No, that's not right.  Your excess contribution to the Roth IRA constitutes contribution basis in your Roth IRAs.  You can withdraw your contribution basis from your Roth IRAs at any time without tax or penalty.

Make sure that you have clicked the Continue button on the Your 1099-R Entries page and that you have entered your net Roth IRA contribution basis, including the amount that you contributed that was an excess contribution.

(Note that your Form 1099-R for this distribution should have only code J.  It should not include code 8 or code P since code 8 and code P distributions of excess contributions can only be made before the due date of the tax return for the year of the excess contribution, not the case here.)