BillM223
Expert Alumni

Retirement tax questions

"I don't have: 8889-T and 8889-S OR 5329-T or a 5329-S." I assume that you mean no 8889-T and no 8889-S after you have deleted them, right? If you didn't have them before you deleted them, then we have a different issue.

 

OK, I am going to suggest a way of clearing that number that is a bit dangerous, but nothing else seems to work, so here goes:

1. On your W-2, increase the code W amount in box 12 by a ridiculous number, like $10,000. You want to force a large excess employer contribution.

2. Get into the HSA interview.

3. Soon you will come to the screen that says, "You may want to withdraw money from your HSAs". Check the bottom option: "No, we're not going to make this withdrawal."

4. Keep going to the HSA Summary. You should see that the bottom line ("Excess employer contributions withdrawn") should be zero for both spouses (if you are filing Married Joint). This is because you are not withdrawing the excess but carrying it over to next year.

5. NOW (and this is important), do the reset procedure again (delete W-2, delete 1099-SA (if any), delete 8889-T and -S (if one), and any 5239-T and -S (if any). The 5239 reports on the penalty on carrying over excess contributions to next year, which your choice on step 3 forced.

6. Once that is done, now go back and add the W-2 and go through the HSA interview again and see if the HSA Summary looks correct now.

 

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