Once I have the corrected 1099-SA, how do I report all this on my tax return? I’ve seen conflicting advice online. Do I:
A) Keep my existing W2. Report the excess earnings but NOT the overcontribution as “other income”. I think this is for people who contributed with post tax dollars and so doesn’t apply to me?
B) Keep my existing W2. Report both the overcontribution ($100) and earnings ($TBD) as “other income”
C) Get my employer to correct my W2 by increasing my reported wages by $100. Report the excess earnings but not the overcontribution as “other income”.
You do not change the W-2 or get a corrected one
as you go through the completion of the 8889, you indicate you withdrew the $100 excess. that will be taxable income in 2022,
the income on the earnings on the excess is taxable in 2023 the year of withdrawal.
