Deductions & credits
Ok, we're getting a bit warmer. But I still have the problem.
I got my timeline a little mixed up. The corrected timeline of events:
- For Tax Year 2022, my employer overfunded my HSA by $50
- I did not get the excess resolved in 2022
- For Tax Year 2023, I contacted the HSA administrator, and had the excess funds removed. I received the 1099-SA for Tax Year 2023, and filed it with Tax Year 2023
- My understanding is that this should have taken the one-time 20% penalty, and resolved the issue
- Unfortunately, in Tax Year 2024, Turbo Tax still thinks I have an excess contribution.
My 2023 1099-SA:
From my 2023 Tax return worksheets:
My 2023 5329 Part VII (including line 48) and looks like maybe it did not correctly apply the 20% penalty? But as shown above, I showed the return of excess contributions.
So I'm at a bit of a loss here. Is this a bug in TurboTax, or am I still doing something wrong?
