pp57
Level 1

Deductions & credits

Thanks for the reply.

I called my HSA bank and here is what they told me.

 

I had excess contribution in 2018 ( adult son dropping off plan) which was $156.16 which the bank moved to 2019 So it shows up in the second 1099-SA form for 2019

 

I had excess contribution in 2019 as well (for my age my max contribution limit is $4500) so the bank moved that to 2020 but will show up for 2020 taxes.

 

So the bottom line is I have no excess contribution for 2019 .

 

So this leaves me with 2 questions:

1. As I understand form 5498-SA is for my records only. Does TurboTax software needs me to upload it?

2. I do need to upload both 1099-SA forms to TurboTax. Correct?

 

Thanks