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Deductions & credits
Unfortunately, while you could make a qualified distribution from your IRA of up to $8100 and it would be reflected on the 1099-R from your IRA as a non-taxable transaction, your overall contribution limit to the HSA is still what I calculated, and the amount over $6099 would be considered an excess contribution. You would have to remove it before the filing deadline or pay income tax plus a 6% penalty on the excess. You can review the calculations on form 8889 to confirm that this is how it will be calculated.
March 17, 2021
1:11 PM