BillM223
Expert Alumni

Deductions & credits

No, the 1099-SA doesn't specify which kinds of contributions it is from.

 

Deduction - $2000 

Total distributions - $3,700 

Taxable distributions - $0 

Taxable earnings on excess contributions - $50 

Tax-free employer contributions - $1,850 

Excess employer contributions withdrawn - $0 (I feel like the $1700 I'm over and took out should go here)

 

You said that your employer contributions in 2023 was $1,850. There it is in the HSA Summary. It is being utilized in 2023 - so leave it alone.

 

Your excess from 2022 was $3,700, right? $2,000 of it has also been utilized in in 2023 as a personal contribution, and this results in a $1,700 excess, which you are withdrawing.

 

Right now, you are in a great position:

1. HSA excess has been straightened out

2. There is no carryover to 2023.

 

"but do you think I could redeposit the '2023 excess contribution withdrawal from employer contributions' and do an excess contribution withdrawal from the 'personal contributions'?" - From what I see, you already did this (take the withdrawal from personal contributions).

 

Please don't do anything more. Declare victory and see you next year...

 

 

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