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Retirement tax questions
@tbosel , I suspect that you filed an incorrect 2020 Form 8889.
2020 Form 5498-SA box 2 reports the amount of contributions made in 2020, not the amount for 2020. The amount contributed for 2020 is the amount in box 2 of your 2020 Form 5498-SA minus the amount in box 3 of your 2019 Form 5498-SA. Erroneously indicating that you made $5,800 of HSA contributions for 2020 would have resulted in erroneously reporting a $1,250 excess contribution for 2020 which has now carried over to 2021. You'll need to amend your 2020 tax return to correct this, then indicate in 2021 TurboTax that you had no excess contribution carried over from 2020.
March 18, 2022
5:27 AM