@Dshow wrote:
Hey @Opus 17 ,
I got to thinkin' more about this... TT says I have a 2022 Contribution Limit of $388. So far, I have contributed $0 for 2022 and asked for a refund of the $1000 contributed by my employer. To make the numbers add up... What if I went ahead and contributed the $388 for 2022? Then the 1099-SA, code 2, for $1000 I already received would be correct. I think that would make TT happy...
My question then would be, does TT automatically add the $1000 to my income for 2022 so I don't need to add it in anywhere else?
Thank you
Your employer contributions are "your" contributions, and count against your overall limit. Employer contributions are automatically detected by Turbotax because they are recorded on your W-2 in box 12 with code W. You don't enter them again.
If you did make a new deductible contribution of $388, that would be reported later in the program as part of the HSA interview, which can be accessed from both the income page and the deduction page. If you contributed an additional $388, that would show you have an excess of $1000, and your excess would match the withdrawal indicated on the 1099. Remember that when making a deposit for a prior year, you will have to indicate that in advance to the bank, there may be a menu selection for an electronic payment or a special paper form if you mail a check for deposit.
