disneydal
New Member

I transferred my HSA account from one bank to another, the old bank gave me a 1099 SA form coded for "normal distribution", why are my taxes increased when I input it?

Since I'm only transferring the HSA account, and didn't actually use any of the money, there shouldn't be any tax consequences.  But when I enter the 1099SA form into Turbo Tax and code it as "normal distribution" (per 1099SA form), it increases the amount of tax due.  What should I do?  Can I just not report it since it's not an actual distribution?