Hi Ralph, I appreciate your help, and went back to look at my tax return. We filed two copies of Form 8889, one for me, and one from my spouse (married filing jointly). In my form 8889 I entered $7.300 at line 3, and $1,000 at line 7. Thinking I was high deductible for the entire year. All of my HSA contributions were via payroll, pre-tax and exempt from FICA/Medicare.
Now when I correct our joint 2022, I wonder if this is the way to go. Can you confirm or correct my thinking?
A. Don't change anything about W-2 income, it remains the same, because that's what my employer reported.
B. Get to the HSA part, and answer the questions differently to show I was not eligible (family HDCP the entire year but also has Medicare Part A, for the last five months.
C. That should lead me to section of turbo tax I've not visited before, which will ask questions and recalculate, my Form 8889.
D. Then the changes to Form 8889 will generate additional income, taxes, penalty, etc, which flows automatically into Schedule 1 and/or Schedule 2 then into the 1040-SR.
Is this roughly the right way to think about it. Don't mess around recalculating an imaginary corrected W-2, just focus on the HSA questions and let the software and forms do the work?
Thank you, George and Laura
