tax052020
Returning Member

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I ran a report of all HSA transactions in 2016 from my ConnectYourCare account and then filtering out transaction type='Credit' I SUMMED up all contributions made to the account and the sum comes to be 

$6,499.84

So, ConnectYourCare thought I contributed that amount but just last year they realized $166.66 was with them lingering.

 

My W2 box 12 shows correctly the amount that actually got deposited into HSA. So, W2 is right and I am hoping 5498-SA from actual bank(UMB) would be right. I spoke with customer rep from the UMB bank, she confirmed adding up numbers from their statements agrees with whats on W2.

 

The only entity here that is in error is ConnectYourCare, they're the one's who managed my HSA account.

 

Box 1 in W2 is independent of this error right? In other words, this error from ConnectYourCare could not have influenced this value?

I could call ConnectYourCare and ask them explanation for "Income tax was not withheld for this contribution."

 

Does my understanding, if true, sound like all I need to do is report the 50% apology money + interest money i.e. $86 as income in my 2019 taxes? And that my 2016 taxes need not be amended?