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Deductions & credits
I did trail interview in TT about the HSA contributions.
a) What is excess contribution in 2006? Entered $1500
b) It looks like you have excess contribution of $366 and gave three options.
1) OK, we'll withdraw the full $366 by April 17 2018.
2) We'll withdraw some by April 17 2018.
3) No, we are not going to withdraw.
When I select option (1), it says "Unfortunately, all of your excess contribution is caused by a prior year excess contribution. It is too late to remove this excess contribution". Does this mean I cannot remove this $366 from the HSA account now?
a) What is excess contribution in 2006? Entered $1500
b) It looks like you have excess contribution of $366 and gave three options.
1) OK, we'll withdraw the full $366 by April 17 2018.
2) We'll withdraw some by April 17 2018.
3) No, we are not going to withdraw.
When I select option (1), it says "Unfortunately, all of your excess contribution is caused by a prior year excess contribution. It is too late to remove this excess contribution". Does this mean I cannot remove this $366 from the HSA account now?
‎June 6, 2019
12:43 PM