BillM223
Expert Alumni

Deductions & credits

Well, now that I see your return, I realize why I had no idea what was happening. You are showing an excess contribution of $7,180 to an MSA (Archer Medical Savings Account). This reduced your annual HSA contribution limit to 7,200 - 7,180, or $20.

 

Somehow, you managed to convince TurboTax that you had an MSA, but when you switched to an HSA, you didn't delete any of the MSA entries. I don't know how you did the MSA contributions, because they don't appear on any of your W-2s (it would be an "R" in box 12). You may have entered the 7,180 into the MSA interview as a direct contribution (but you didn't have an MSA). All in all, you made several mistakes, so you will need to be more careful as you go forward.

 

In any case, you need to the following at a minimum:

 

1. make a copy of your W-2(s) (if you don't have the paper copies)

2. delete your W-2(s) (use the garbage can icon next to the W-2(s) on the Income screen)

 

*** Desktop***

 

3. go to View (at the top), choose Forms, and select the desired form (see list below). Note the Delete Form button at the bottom of the screen.

 

*** Online ***

 

3. go to Tax Tools (on the left), and navigate to Tools->Delete a form

4. delete form(s) 1099-SA (if one), 8889-T, 8889-S, 8853-T, 8853-S, 5329-T, and 5329-S.

5. go back and re-add your W-2(s), preferably adding them manually

6. go back and redo the entire HSA interview.

 

 

@Ashi

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