Yes, your contributions entered into TurboTax should be $4,150. After TurboTax calculates that only $1,729 of HSA contribution is permissible, indicate that you will have the $2,421 of excess contribution removed. If the contribution was made through your employer, the $2,421 plus the amount shown in box 2 of the code-2 Form 1099-SA will be included as Other income on your tax return. If the contribution was instead a personal contribution (not made through your employer), you will see an HSA contribution deduction of only $1,729 and you will see only the amount from box 2 of the Form 1099-SA included as Other income.
