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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?
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‎June 6, 2019
1:52 PM