turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I accidentally said I did not take a $400.00 HSA Distribution When I Did

Hello, I filed my taxes three weeks ago. However, last week I discovered that I accidentally put I didn’t take a $400.00 HSA distribution when I did (I think I must’ve misread it as contribution). I have my 1040x federal prepared to file and am just waiting on my PA40X to appear on TurboTax. I am freaking out as I have never made a mistake on my taxes before. Can someone please assure me everything will be ok once I file my 1040x? I’m afraid I’m going to jail or something. Thank you.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
PattiF
Expert Alumni

I accidentally said I did not take a $400.00 HSA Distribution When I Did

Yes, everything will work out well. The IRS doesn't send people to jail for not entering a form correctly. 

 

You realized your mistake and are correcting it as soon as you are able. The PA40X is scheduled to be available in a few days, and everything will be fixed.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

4 Replies

I accidentally said I did not take a $400.00 HSA Distribution When I Did

Okay just take a deep breath and stop panicking. The reason for amended returns is to correct errors on the return if you made one. Once both your federal and state returns have completely processed and you have the refunds in hand then and only then should you complete an amended return.

PattiF
Expert Alumni

I accidentally said I did not take a $400.00 HSA Distribution When I Did

Yes, everything will work out well. The IRS doesn't send people to jail for not entering a form correctly. 

 

You realized your mistake and are correcting it as soon as you are able. The PA40X is scheduled to be available in a few days, and everything will be fixed.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I accidentally said I did not take a $400.00 HSA Distribution When I Did

Thank you so much, Critter-3! It means a lot.

I accidentally said I did not take a $400.00 HSA Distribution When I Did

Thank you so much, @PattiF! I’m going to have the PA40X ready to go as soon as it’s available. I guess I am just being a worry-wart.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question