BillM223
Employee Tax Expert

Deductions & credits

Yes, this situation can be corrected (assuming that the $1,500 in box 2 is a mistake). And, yes, you need to get this fixed, because otherwise you would pay tax on that $1,500.

 

I would certainly contact the HSA custodian (the bank or financial institution that gave you your debit card for the HSA), and ask them to verify these numbers. If you earned $1,500 on $250, why everyone would want to know how you were investing that money.

 

Let us know if you have any more questions on this.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"