BillM223
Expert Alumni

Retirement tax questions

Well, another thought occurs to me. You might (if your HSA custodian has a sense of humor) tell the HSA custodian that the $715 was a mistaken distribution. The withdrawal of mistaken contributions was really supposed to be $537.

 

If the HSA custodian accepts this (they don't have to), they will expect you to send you a check for the $715 that they sent you, and then they would send you $537 back for the correct withdrawal. This would bring your tax return into conformity with your bank balance (since TurboTax handled the actual and correct withdrawal).

 

Otherwise the two 1099-SAs may be necessary...but work on the HSA custodian first to see if they will let you "fix" the withdrawal for excess contributions.

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