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Deductions & credits
You must have a high deductible health plan (HDHP) to open a Health Savings Account (HSA). If you do not, you will receive warning messages as you enter information in the return.
Review your input for your HSA contributions and distributions.
In order to do this, go to the Federal section of the program and select "Deductions & Credits".
- Select Medical (you may have to select see all if you do not see this option)
- Under Medical, select "HSA, MSA Contributions"
- Follow the screens and answer the questions
- Enter any information from any 1099-SA forms.
- Confirm whether the distributions were used on medical expenses.
- Confirm if you or your spouse were covered under a "High Deductible Health Plan" (HDHP). If you answer no here, the program may result in a lapse of coverage warning, so please verify your answer here to avoid the error.
I have attached a link to additional information regarding HSA's.
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‎February 1, 2020
6:01 PM