Hi BillM223,
The entire story is I changed job at the end of 2021. My first employer contributed 6,246.12. For my second employer, I selected a total of 800 personal contribution plus company contribution 83.34 for the rest of the year. However, they somehow took 1,200 personal contribution form my 12/15/2021 paycheck. I notified them immediately and told them I only wanted to contribute a total of 800 for year 2021. They said they would correct it, but they returned 800 to me on the 12/31/2021 paycheck. So my contribution in my current job is personal contribution (1200-800)+company contribution 83.34, totaling 483.34 on my W2. Add the two W2 up, the code W value is 6,729.46.
As I mentioned before, the value in my second HSA account was 1,283.34 (1200 personal contribution + 83.34 company contribution) in January. My current employer said they couldn't do anything since it is already 2022. They told me that I should request the return of over contribution. They didn't advise how much I should request, since I always talked about the 800 with them, I requested 800. Then the HSA custodian sent me the check of 800.
The following is the answer to your questions.
1. Tell me how much your employer actually sent to the HSA.
In total my two employers originally contributed 7,529.46. But 800 was returned to me on 12/31/2021. So the two W2 code W value add up to 6,729.46.
2. Tell me how much (if anything) the employer withdraw from the HSA (they can within limits).
$800 was returned to me by my employer on 12/31/2021, but I am not sure if they withdrew the 800 from the HSA, because my HSA balance was still 1,283.34 in January. After the HSA custodian sent the check to me, the HSA balance is 483.34 now.
3. Tell me how much (and when) you withdraw money from the HSA (and why).
I withdrew $800 from HSA. I sent out the request in February 2022 and received the check in March. I withdraw 800 because I think the HSA balance should match my W2/paystub.
4. Tell me how you answered the question "Did you overfund your HSA in 2020?"
I answered "no" to the question. I guess why TurboTax said part of the money is a 2020 over contribution is that it only recognized 329 but I want to do 800, so it assumed it was a 2020 over contribution.
Hope I made it clear. If you have any further questions, please let me know.
Thank you very much!
