Had to look at the forms to see how turbotax populated them.
Form 8889 HSA shows for my spouse, a maximum allowable contribution of 2400 and an additional 333 is because we were 55 or older and eligible for 4/12th of the year. ($1000/3=333). Then it says that the excess HSA funding distribution is 8200 - 333 = 7867 even though I took out 8200. Even though these numbers dont make sense, it doesnt add additional tax. (Except that my earnings on the 8200 was $0.10 and due to rounding in turbotax, it rounds that up to $1 and I therefore I have $1 taxable HSA distribution. Oh well, have to pay $.32 more tax on $.10 of earnings!)
In the HSA summary, turbotax reports a taxable IRA rollover contribution of -$333 and tax free employer contribution of -$7867 and an excess employer contribution withdrawn of $8200. Does this mean that its a wash taxwise?
