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Deductions & credits
There is an issue after all with your HSA contribution as one of the requirements is "You can’t be claimed as a dependent on someone else's 2017 tax return." Since you are not eligible to contribute to the HSA, any contributions that you made are considered to be excess contributions and will be taxed. The only way to avoid this taxation is to file your own return and not be claimed as a dependent on your parents’ return. This would require your parents to amend their return IF they already filed.
The information reported on your 1099-SA must also be included on your personal return. It cannot be included on your parents’ return since it was issued to you. Editing the original answer. Let me know if there's anything I can help you with this.
The information reported on your 1099-SA must also be included on your personal return. It cannot be included on your parents’ return since it was issued to you. Editing the original answer. Let me know if there's anything I can help you with this.
June 7, 2019
4:58 PM