Spouse received 1099-SA form for 10 years old HSA account; now received HSA debit card in 2024 year and 1099-SA form from custodian,
box.3 "distribution code "1" - normal distribution"
box.5 = HSA checked
Turbotax premier version desktop:
Q1: when to enter this 1099-SA form? is it under "Wages & Income" tab, -or- "Deductions & Credits" tab, -or- "Other Tax Situations" tab
Q2: Is this taxable by any means? - does it impact taxpayer due/refund amount (causes increase/decrease)
E.g.: If tax payer currently have due of $50, after 1099-SA will this due increases even more with distribution code "1"
There's no W-2 entry for this distribution, because it's more than 10 year old, very old contribution; also no W-2 for spouse. Tax filing: MFJ filer
Q3: what is search "Jump to" feature/means in Turbotax?
Heard this is not a taxable item; true or false - please share some insights.
When first entered during "Wages & Income" tab, "Federal refund" box on top decreased, so deleted the entry to better understand. Pictorial guidance is appreciated. Thanks.
