Thanks. This helped clarify the confusion. I am doing this so that i can report the earning from Roth IRA excess contribution in my 2016 return this way I wont ...

I understand from your posting that Earning is to be reported against 2016 Tax Return but i am confused on taxes portion of earning if they were withheld

How do you handle the reporting if this situation had Federal & State Tax withheld? Would you report those taxes i 2016 Tax Return OR would you report that on 2...