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pscrosby
New Member

Where do I enter HSA contributions in TurboTax for my sole proprietorship... Sched C for the business?

 
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dmertz
Level 15

Where do I enter HSA contributions in TurboTax for my sole proprietorship... Sched C for the business?

Enter your own HSA contribution as a personal HSA contribution in the 1099-SA, HSA, MSA section of TurboTax.  The contribution will appear on Form 8889 line 2 and the deduction will appear on Form 1040 line 25.

(Your HSA contribution does not reduce you net profit from self-employment, so it does not affect the amount of self-employment taxes you must pay.)

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3 Replies
dmertz
Level 15

Where do I enter HSA contributions in TurboTax for my sole proprietorship... Sched C for the business?

Enter your own HSA contribution as a personal HSA contribution in the 1099-SA, HSA, MSA section of TurboTax.  The contribution will appear on Form 8889 line 2 and the deduction will appear on Form 1040 line 25.

(Your HSA contribution does not reduce you net profit from self-employment, so it does not affect the amount of self-employment taxes you must pay.)

dmertz
Level 15

Where do I enter HSA contributions in TurboTax for my sole proprietorship... Sched C for the business?

Note that if you have employees (other than yourself as self-employed), any HSA contributions that you make on their behalf under a cafeteria plan do go on Schedule C as an employee benefit business expense.

Where do I enter HSA contributions in TurboTax for my sole proprietorship... Sched C for the business?

I tried to follow these steps; however, when I go to edit my HSA 1099-SA there is not a screen asking for my contribution. I made my contribution post-tax, so it is not reflected on my W-2; therefore, I need to enter it here. Please advise where to enter if there is not a contribution line under HSA 1099-SA.

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