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Incorrect Excess HSA Contribution
My wife and I contributed $6000 to an HSA account in 2019. We have a 1099-SA which shows Gross Distributions of $3180 (Distribution Code 1). After entering this data, Turbo Tax is showing the entire $6000 an EXCESS HSA Contribution for 2019 and advises me to withdraw the entire $6000 from the account.
Turbo Tax seems to be ignoring the data entered from the 1099. It shows whatever 2019 HSA contribution amount I enter as the excess HSA amount. e.g. I changed the 2019 contribution to $3180 and Turbo Tax returned a 2019 excess payment of $3180.
March 6, 2020
2:03 PM