"- I set up my 2023 HSA contributions to go to my personal checkings account" - What does this mean? Why were your HSA contributions not sent to your HSA? Where did the contributions actually go?
^^ At our firm, we are responsible for setting up HSA accounts on our own, as in, the firm offers us HDHP which qualifies us for an HSA but we have to set it up independently ourselves.
Knowing better, I made a big mistake,., when the accounting team reached out to me asking for my banking information for the HSA contributions I gave them my personal checkings account info. So for 2023, all my HSA contributions just went to my normal checkings account mixed in with my normal banking funds.
So that is why there will be no form 5498-SA or a a 1098-SA since there was never a proper HSA account set up. HOWEVER, box 12a does show W and $1200 in it so yeah..
Thats the pickle I am in and not sure what do about? However, does that help me with the whole over contributing limits on HSA family or not?
appreciate and thankful for any and all input!!
p.s. I caught my mistakes when I was trying to do my 2023 taxes. I have now just before this post opened up a HSA account with Fidelity HSA. Can't I deposit the $1200 from my personal checkings account into the HSA from Fidelity?
