Hi Thomas
I understand that but the problem is that I did not remove the excess last year.
Upon further digging around and the fact that I was able to use the "LEARN MORE" button on my TT return for this particular item (it wasn't working before), I learned I have three options to deal with the excess..
1. Change my insurance back to an HDHP next year which I won't since I have many kids and need a regular plan
2. Take a non qualified w/d from the HSA and pay the tax and a 20% penalty. Yikes
3. Spend down the whole HSA balance with qualified medical expenses to get it to a zero balance. Luckily there's no time limit so I could submit bills from years ago as long as they weren't already reimbursed by another source like and FSA.
I tested the scenario in TT by making my EOY balance on the HSA $0.00 and it worked. So we'll find bills to get reimbursed for and then on next years return, I can put the EOY balance as $0.00 since that will be what shows on the 5498-SA I'll get.
THanks for your help though
James
