AS3
Level 2

Overcontribution to HSA in 2019 showing up on total income even though I have withdrawn/rolled over to 2020

Hi,

I had changed employers due to which I over contributed to my HSA by about $1300. Now this amount shows up as 'Other income' in my Total Income.  My entire tax breakdown for my income for 2019 is showing this amount added. Meaning my gross income for the 2019 includes this excess amount in the calculation.

Why is the TT software doing that after I have confirmed that I have removed/withdrawn the funds (in reality rolled over this excess amount to the year 2020 with my HSA provider)?

Is this going to affect my Federal/State taxes?

 

Thanks,

Ani