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qingtax
New Member

I made mistake for 2016 tax return, that showed I put excess HSA contribution. But I did not. I am amending it. Should I hold 2017 tax return till amendment is done?

I used Turbo Tax when I did 2016 Tax return, I might make a mistake, but not sure how that happened. The result was my HSA contribution went to 1040 form line 21 as an taxable income. And, I had excess contribution. I put in $5500 for family coverage in 2016. The limit should be $6750.

Now, I am preparing 2017 tax return, and found this problem. I am trying to do an amendment to correct 2016 tax return.

My question is, should I wait for this amendment done, then file 2017 tax return? My concern was, if I file 2017 tax return before amendment is done, and claim I don't have excess contribution in 2016 and 2017 in my 2017 tax return, IRS would find that does not match 2016 tax return.

Thanks!

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Accepted Solutions

I made mistake for 2016 tax return, that showed I put excess HSA contribution. But I did not. I am amending it. Should I hold 2017 tax return till amendment is done?

It will take 12 or so weeks for the IRS to process your 2016 amended return. It doesn't make sense to hold your 2017 for that long.

Send in your 2016 1040X and also file your 2017 return, based on the corrected 2016 return.

The normal quick checks that the IRS does as part of the initial e-file and loading process probably won't catch this discrepancy (it would catch that you failed to file a 8889, but possibly not that there was a discrepancy between 8889s year over year). That discrepancy checking is often during the year after the return is filed.

If the IRS happens to notice and writes you a letter, just reply that you have completed and mailed your 1040X (give the date) and how it now agrees with the 2017 return; I imagine that will be the end of it.

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2 Replies

I made mistake for 2016 tax return, that showed I put excess HSA contribution. But I did not. I am amending it. Should I hold 2017 tax return till amendment is done?

It will take 12 or so weeks for the IRS to process your 2016 amended return. It doesn't make sense to hold your 2017 for that long.

Send in your 2016 1040X and also file your 2017 return, based on the corrected 2016 return.

The normal quick checks that the IRS does as part of the initial e-file and loading process probably won't catch this discrepancy (it would catch that you failed to file a 8889, but possibly not that there was a discrepancy between 8889s year over year). That discrepancy checking is often during the year after the return is filed.

If the IRS happens to notice and writes you a letter, just reply that you have completed and mailed your 1040X (give the date) and how it now agrees with the 2017 return; I imagine that will be the end of it.

qingtax
New Member

I made mistake for 2016 tax return, that showed I put excess HSA contribution. But I did not. I am amending it. Should I hold 2017 tax return till amendment is done?

Thanks a lot for the help!
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