BillM223
Expert Alumni

Retirement tax questions

In early 2023, did you ask the HSA custodian to withdraw excess contributions of $X? That should have triggered the custodian to calculate the excess. 

 

If the excess consisted of "employer" contributions (i.e., code W amount in box 12 of your W-2), then at the moment that your excess was discovered by TurboTax, the excess should have been added back to line 8f on Schedule 1 (1040) as Other Income.

 

This 1099-SA that you received, did it have a distribution code in box 3 of '2'? If so, then the box 2 amount must have been the earnings, and the box 1 amount would be the sum of the excess withdrawn plus the excess.

 

Let's confirm this before the next step.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"