Cynthiad66
Expert Alumni

Deductions & credits

I suggest waiting for the form you receive from the Unclaimed property, but this is now taxable income.  You may receive a form from your Bank about the dormant account.  

 

Your options are limited now because you did not address this issue while the funds were still in the account.

 

What to do With Your Dormant HSA

 

But at least 24 percent of the 20 million-plus Americans with these accounts leave them inactive, according to research firm Devenir.

 

Some may have simply have forgotten they opened the accounts in the first place.

When an HSA account sits for too long with no activity, the bank holding it has several options, one of which is to turn the money over to the state as unclaimed funds.

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