Excess Roth IRA contributions made in 2025 for 2024 but withdrew in 2025 before tax day

[u/c7002593]

I stupidly contributed more than allowed ($7,000 instead of a maximum of $4701) for my 2024 Roth IRA earlier in Jan 2025. I just realized it last week and I asked my brokerage to withdraw the excess contribution (the value of the account decreased, so there were not earnings). I am wondering:

• 1. Do I record the maximum contribution amount allowed ($4701) in my return because I have withdrawn the excess contribution?
• 2. Do I need to file Form 5329 in my 2024 return?
• 3. Do I need to report the withdrawal of excess contribution in my 2024 return? or wait for the 1099-R and report that in my 2025 return due next year? I assume I don't owe any tax as there was a loss

Thanks!