I have excess contribution on my HSA account for the previous year. I am planning to take the whole excess amount out by contacting my HSA administrator. From my research, Turbo Tax recommends reporting those withdrawal as 'Other Income' but when I look at the 'Wages and Income' section under 'Federal' I do see 'Other Common Income' section, but I am not sure what form I am supposed to file under. The options that are available under 'Other Common Income' are 1) Refunds Received for State/Local Tax Returns 2) Other 1099-G Income 3) Form 1099-NEC 4) Form 1099-MISC 5) Form 1099-K.
So, my question is where should I report my withdrawal as Other Income in Turbo Tax? Or does Turbo Tax automatically fill that excess contribution amount during filing when I select 'Ok, we'll withdraw the full $ excess contribution by April 18, 2022'?
