Hi,
In Jan 2020, my employer deducted $5300 x 2 (total $10600) from my paycheck as HSA contributions
In Feb 2020, I caught the mistake and called my HSA and withdrew $5300
Over the course of the year, employer contributed $1800 to the HSA.
So in summary total contribution $7100 per max limit for family HSA and excess $5300 which was withdrawn.
No qualified medical distributions were made in 2020.
So I believe I have to pay taxes on excess contributions....but how do i do it?
form 8889
lines
1. Family
2. 10600
3. 7100
4. blank
5. 7100
6. 7100
7. blank
8. 7100
9. 1800
10. blank
11. 1800
12. 5300
13. 5300 (Is this correct?)
Do I fill out part II?
thank you for you help
