Hello,
First time TurboTax user here. This is my situation I'm confused about.
When I filed my 2023 return, I had over contributed $267. I paid the excise tax and removed the excess funds soon after. I have a 1099-SA form indicating I distributed the funds and a distribution code "2" in Box 3.
I am now working on my 2024 return and I added the 1099-SA form. I answered "0" to the question: "Excess HSA contributions carryover from 2023 still in HSA account" because I already removed the funds. The next question I get to is "Did you overfund your HSA in 2023?" Is the answer to this question "No" because I had already removed the funds? When I answer "Yes" and fill in line 48 from my last return, TurboTax says I have another excess contribution when I don't (I contributed less than $4,150 in 2024). I am leaning towards my account is no longer overfunded and to answer the questions as if I don't have any excess contributions in my HSA because I had already removed the excess funds. Is this correct? I appreciate any help and insight.
Additionally, my previous employer reached out to me to contribute HSA money that was owed after I left. They submitted the funds into my HSA plan with the new employer. This occurred in 2024. Would this money fall under contributions I personally made or would it be "Employer and payroll contributions not reported in Box 12 of your W-2"? One answer gives me a larger tax refund and the other less. I'd like to avoid any future headaches by having this filled out correctly.
Box 12c on my current W-2 is incorrect regarding the total amount I contributed for the year because it is missing the portion my previous employer contributed.
Thank you.
