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Tax amount went up for Qualified HSA Distribution
I have a 1099-SA Normal HSA Distribution amount of $7,529 which is supposed to be Tax free since it was used for allowed medical expenses...and I checked the box for using the money for Medical Expenses. But when I input the amount into TT my Taxes Due went up almost $1000. I am confused as to why this seemed to be added to my income. Please help !
ā€ˇFebruary 2, 2021
12:28 PM