Thank you for your patience. I have made the changes you recommended. It’s all making a little more sense now.
To answer your question, neither myself nor my husband is currently under HDHP coverage, and we haven’t been since around the middle of 2023 when he retired.
I didn’t want to believe that we would be double taxed -- pay regular income tax for a second time in addition to an annual excise tax -- on the excess contribution amount of $2829, but it does appear that that is the case. (I am basing this on the “caution” and the paragraph following on “Deducting an Excess Contribution in a Later Year” in Pub 969.)
Again, thank you so much for your time in clarifying this point for us.
One last issue -- I am checking the self-only box for HDHP coverage in forms mode on Form 8889-T only for purposes of forcing TT to recognize that the form is completed. It doesn't appear to change the amounts on the forms mentioned above. Please let me know if in your experience this is an acceptable work around?
Thanks.
