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Deductions & credits
Hi! I'm not OP, but I have a similar issue. I made excess contributions of $800 in 2021. I filled out forms with my HSA provider in 2022 to withdraw the $800 back into my paycheck in February 2022. However, I am struggling to understand how/if I report anything in 2021.
I do NOT have a corrected W-2, so I am under the impression I need to report the $800 as Other Income - but I cannot get TurboTax to prompt me about this excess contribution. The closest HSA prompt asks "Did you overfund your HSA in 2020". It says 2020 - not 2021. So my answer to this would be No. Do I not have any reporting to do for my 2021 tax return?
Thanks!
‎April 12, 2022
9:57 PM