My 2024 HSA Excess Contribution of $1713 shown on Form 1099-SA was entered into TurboTax.
Under form 8889 in turbo tax it shows no tax is due. However, sense that amount was taken out of my paycheck tax free I believe I have to pay taxes on the amount that was taken out and distributed to me. This distribution was taken out this year before the due date so there is no penalty but why doesn't it show the taxes that are owed on it? Some websites state excess contributions should be reported under other income but why doesn't turbo tax have it entered there as taxable income?
