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Deductions & credits
The HSA custodian needs to know nothing about the distribution of $475.01 being used to correct an excess contribution. In fact, if you already have made distributions for qualified medical expenses in 2023 in excess of $475.01, you don't need to make any distribution of $475.01 now. You'll simply report as used for qualified medical expenses the amount distributed for those expenses reduced by $475.01.
‎July 28, 2023
12:13 PM