In 2024, I had an HDHP plan for only five months due to a job change, but I mistakenly overcontributed to my Fidelity HSA by contributing the full annual limit of $4,150. I later realized the mistake and contacted Fidelity to withdraw the excess amount within the same year.
I received a 1099-SA form showing the gross distribution amount, with distribution code "2," indicating a withdrawal of excess contributions.
My questions are:
When entering this information in TurboTax, should I report my 2024 personal HSA contributions as the full $4,150 (including the overfunded amount), or only the amount corresponding to my five months of HSA eligibility, since I have already withdrawn the excess contribution? How can I verify that I have entered everything correctly in TurboTax?
I have entered the 1099-SA gross distribution details, will this amount be taxable?
I appreciate your guidance on this.
