HSA Deduction for 2024
I am currently doing my 2024 tax return. I do have excess contributions carry over from 2023 and I did not personally contribute any amount to my HSA in 2023 and 2024. Turbo tax shows a deduction amount when I enter the amount from line 48 on form 5329 from 2023. Or since I have not personally contributed any after tax dollars to my HSA, should there be a zero amount for HSA deductions instead? For now I entered zero for this question so that my deduction is zero for HSA.
Just to let you know that when I enter the amount from line 48 on form 5329 from 2023, a deduction does show for 2024. I don’t know if this is correct.
Should I leave the deduction amount or should correct this so that a zero deduction is calculated instead since I did not make any personal contributions to my HSA ?
