No. On your W-2, you HSA contribution is report in Box 12 with code W. Form 5498 is for informational purposes and is for your records. The information on Form 5498 is not entered into TurboTax.
Form 1099-SA is entered in TurboTax to calculate the your deduction. The 1099-SA is issued by the HSA custodian when you have a distribution from your HSA account. If you have not received 1099-SA, contact your HAS custodian.
Box 2 of Form 5498-SA shows all contributions made in the past calendar year to your HSA, and includes any qualified distributions from your IRA to fund your HSA. It also includes any contributions made in the past year which were applied to the previous tax year.
Box 3: of Form 5498-SA is distributed after tax day so it reflects all contributions made in the current calendar year for the previous tax year.
To Enter form 1099-SA:
- Sign into TurboTax.
- In the Search box at the top right > 1099-SA.
- Click on the "Jump to 1099-sa" link.
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