BillM223
Expert Alumni

Deductions & credits

I don't understand why your HSA custodian asked for a date range. The earnings should be done on a Jan 1-date withdrawn basis. When you have an excess for 2022, the excess is handled on your 2022 return, and the earnings are entered on your 2023 return, because normally, the earnings span a multi-year period (2022 to 2023 in this case).

 

"I then applied that money to my 2023 HSA" - what does this mean? Did you not withdraw the excess so that it would carryover to 2023? How did you apply it to 2023?

 

If your HSA contributions were through your employer (code W in box 12 of your W-2), this would have been added back to Other Income when discovered by TurboTax. If the excess was from your personal contributions (i.e., NOT through your your employer), then the excess is removed from the amount that would have otherwise appeared on line 13 of Schedule 2 (1040), again automatically. Please do NOT try to adjust your income to allow for this - TurboTax will do it for you.

 

"Given that, is still ok to treat the removal as the personal portion?" - What does this mean? What is the personal portion of what?

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