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Deductions & credits
I did a screenshare with someone and we've made some adjustments to my contribution, and I'm trying to get a new 1099-SA to reflect that.
But, I need a sanity check here. The contribution limit takes into account these two numbers, right?
And the calculation should be $8550 - (5370 + 3220). Is that all correct?
Just having a new 1099-SA won't change any of those numbers. And if I change my contribution to $3120, it still doesn't change the contribution excess of $457, even though that should put me under the limit. So, I'm not sure how getting a new 1099-SA will help.
Am I missing something?
7 hours ago