BillM223
Expert Alumni

Get your taxes done using TurboTax

Yes, the owner of an HSA has to report (and take "credit" for) all contributions to his/her HSA, no matter who made the contributions.

 

So, in this case, as Mike has pointed out, you have to (or, perhaps better, get to) report the entire 7,200 as a personal (direct) HSA contribution.

 

However, I am concerned about "The $2,000 from my employer is included in my imputed income reported on K-1. " Were you implying that this income is not adding to your taxable income? I would have thought that the HSA contributions would be added to your guaranteed income as imputed income.

 

Thus, the HSA contributions are added to income on one hand, and then deducted from income on the other...which is the way it should be.

 

Is it this way on your return?

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