Deductions & credits

a908234 · ‎March 7, 2025

@BillM223 yes, we are talking about an HSA contribution for 2024 made in early 2025.

I think there may be a bit of confusion here since some of the values are repeated. Let me try to summarize the status of the account again.

1. In 2024, I had $3,650 carried over (call this $3,650-carryover) and $4,150 of personal contributions. This totals $7,800 already.

2. My RoE was for $3,650. This is my 1099-SA value.

3. TurboTax still reports $3,650 of remaining carryover balance in Form 5329, Line 48.* This is because $3,650-carryover wasn't an excess contribution, so the RoE does not count against it, even though it's on Form 8889, Line 2 as a personal "contribution." This is my understanding based on dmertz's first reply.

In other words, without doing anything additional, my account is currently in the status that you suggest: $7,800 of total contributions ($3,650 of declared excess), $3,650 on the 1099-SA. But rather than the 1099-SA amount reducing the net contribution from $7,800 to $4,150, I continue to have a carryover balance. So, the 1099-SA amount is still not accounted for.

When I mention contributing an additional $3,650 in my previous replies (call this $3,650-new), I'm trying to match the 1099-SA amount. I was thinking I should have the following:

$11,450 of total contributions ($4,150 + $3,650-carryover + $3,650-new)
$3,650 on the 1099-SA that cancels out $3,650-new**
$3,650-carryover as the remaining carryover balance

I would love to have the 1099-SA cancel out $3,650-carryover, but since this isn't possible, $3,650-new would at least provide a new contribution for TY 2024 that matches the declared excess in the 1099-SA.

*Here's the error message I get when trying to have the 1099-SA cancel out $3,650-carryover. This is based on reporting things as-is.

**If I specify that I made an additional $3,650-new of contributions, then the declared excess is $7,300, of which I am allowed to withdraw $3,650. This matches the 1099-SA value.