BillM223
Expert Alumni

Get your taxes done using TurboTax

No. You do not need to enter anything from the 5498-SA into TurboTax (better worded: "you can't enter the 5498-SA into TurboTax").

 

Just follow the process I described above - probably using a 1099-SA that you already have - to tell TurboTax about the rollover.

 

On page 8 of the Pub 969, "Note. If you instruct the trustee of your HSA to transfer funds directly to the trustee of another of your HSAs, the transfer isn’t considered a rollover. There is no limit on the number of these transfers. Don’t include the amount transferred in income, deduct it as a contribution, or include it as a distribution on Form 8889."

 

If Optum Bank ends up giving you a check after all (making this a rollover after all), tell them to deposit it into the new account as a ROLLOVER (this is important so they get their paperwork right), then enter the resulting 1099-SA (which you may already have) as I described above. The rollover amount should appear on line 14 of your 8889 (that is the 8889 of the spouse who did the rollover).

 

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