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Deductions & credits
TurboTax said that you had an excess contribution of $7,100, right? On the same screen, did it not ask you HOW MUCH of the excess you would be able to withdraw by the due date of the return?
There should be three choices:
1. The entire excess
2. part of the excess (if you check this, it will ask you how much you can withdraw)
3. none of the excess.
This screen appears near the end of the HSA interview (after you have indicated what kind of HDHP coverage you had). It will appear to look something like this:
Do you see where to enter the 5,550? Where the 0 is under the 7,100.
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March 25, 2021
4:33 PM
7,561 Views