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April 1, 2020
Solved

Deductions from HSA distributions

I have total distributions (as reported on 1099-SA) in the amount of $2457.70 (which is more than past year ($1920.00) yet I am getting $0 in deductions.  Why is that?

MarilynG
MarilynGAnswer
Alumni - Intuit
April 1, 2020

Your 1099-SA does not give you a deduction.  This money was deposited pre-tax into an HSA account for you to use for Medical Expenses.

 

You get the deduction when you enter your W-2 showing your HSA contribution. 

 

When you take a Distribution for Medical Expenses, you are not taxed on the amount you took out of the account.

 

Click this link for more info on 1099-SA. 

 

 

 

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1 reply

MarilynG
MarilynGAnswer
Alumni - Intuit
April 1, 2020

Your 1099-SA does not give you a deduction.  This money was deposited pre-tax into an HSA account for you to use for Medical Expenses.

 

You get the deduction when you enter your W-2 showing your HSA contribution. 

 

When you take a Distribution for Medical Expenses, you are not taxed on the amount you took out of the account.

 

Click this link for more info on 1099-SA. 

 

 

 

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