Hi,
In 2023, I contributed to an HSA (the max amount of $3,850) via payroll, and it shows up in W-2 Box 12. In Jan 2024, i realized I am probably not eligible, as my spouse had a FSA account for some months in 2023. I filed the withdrawal of excess contribution form (with HSA provider), and received the funds in my bank account in Jan 2024.
Two questions:
1) I am now trying to do the 2023 tax filing, and unable to tell TurboTax desktop that there was excess contribution in 2023 (which needs to be taxed). When I go through the interview, there is no option to tell it I'm not eligible due to spouse's FSA account. How do I do this ?
2) I believe the 1099-SA will be generated for 2024 later, so I will have to use that in 2024's tax filing to inform about any interest/gains, as reported in it. Is that correct ?
For clarity, our setup:
- For all of 2023, I had (self) HDHP insurance, and my spouse had her PPO + Cobra insurance, as well as FSA account (for some months).
- I contributed the $3,850 amount to my (self) HSA account.
