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Retirement tax questions
Thanks for your response. Here is what is driving my question. I started receiving Medicare in October of 2024. At the time, I did not realize that meant I could no longer make HSA contributions through my employer's payroll deduction process. Since I made $715 of contributions post Oct 1, I requested and received a check for these $715 of excess contributions. I know I have to show this $715 as other income on schedule 1, but did not know mechanically how to accomplish that in TurboTax. My problem was that form 8889T "calculated" an excess contribution of $537 instead of $715. Since I could not figure out a way to change the Turbotax calculation, my solution was to add the $178 delta to schedule 1 under other income (8Z) with a comment.