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1099-SA "Amount Used on Medical Expenses"
I'm very confused about what I should enter in the "amount spent on medical expenses" field.
My 1099-SA form from my HSA account says I have about $1,000 in gross distributions.
I took out about $300 at an ATM. (I know, shame on me.)
It asks "Did you spend all your HSA money on medical expenses?"
I selected, "No, I did not."
It then asks two more questions, and I selected, "I spent part of it on medical expenses."
I only spent $25 on medical expenses, and the rest is still in my account, unused.
So when it asks me to enter the amount I used on medical expenses, do I put "$25"?
When I do that and it brings me to the summary page, it lists the other $975 as taxable deductions. So then should I change it to $975 even though I have not spent it yet?
I do not want to get taxed for money that I have not spent yet! Especially since I plan to use it for medical expenses very shortly!
Thanks!