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Retirement tax questions
No to the "Any contributions you personally made (not through your employer)"? ".
OK, let's start over.
First, delete all HSA information:
1. make a copy of your W-2(s) (if you don't have the paper copies)
2. make a copy of your 1099-R for the rollover
3. delete your W-2(s) (use the garbage can icon next to the W-2(s) on the Income screen
4. delete your 1099-R (Federal->Wages & Income->Retirement Plans and Social Security->IRA, 401(k), Pension Plan Withdrawals (1099-R)) and delete the HSA rollover 1099-R from the list (use the Delete or garbage can icon)
*** Desktop***
5. go to View (at the top), choose Forms, and select the desired form. Note the Delete Form button at the bottom of the screen.
*** Online ***
6. go to Tax Tools (on the left), and navigate to Tools->Delete a form
7. delete form(s) 1099-SA (if one), 8889-T, and 8889-S (if one)
8. go back and re-add your W-2(s), preferably adding them manually
9. To re-add your 1099-R and your HSA do:
1. go to the 1099-R interview (above)
2. Enter the 1099-R data. be sure to mark this as an IRA
3. On the screen with "What Did You Do With The Money From [1099-R]?" answer "Brad did something else with it"
4. On the next screen (or so), you will see "Did [name] Put This Money from [1099-R] in a Health Savings Account (HSA)?". answer "yes".
5. This will expose some more lines. Enter the amount of the 1099-R distribution that went into the HSA (presumably the entire amount).
6. Finish the 1099-R interview and then proceed to the HSA interview (Federal->Deductions & Credits->Medical->HSA, MSA Contributions).
7. Indicate that you have an HSA.
8. Enter your 1099-SA (if you have one).
9. On the screen "Let's enter your HSA contributions", note that your contributions from 1099-R is the second of three entries.
10. Note that on the HSA Summary that the 1099-R rollover does not appear (this is OK)
11. The screen after the Summary is "Qualified HSA Funding Distribution". This is a screen describing your requirements to ensure that the rollover is valid for the next year.
12. Note that the rollover counts as a contribution to your HSA, even though it does not appear on the Summary
13. The 1099-R will appear on line 15a of the 1040, as a non-taxable IRS distribution (as a rollover should)
OK, let's start over.
First, delete all HSA information:
1. make a copy of your W-2(s) (if you don't have the paper copies)
2. make a copy of your 1099-R for the rollover
3. delete your W-2(s) (use the garbage can icon next to the W-2(s) on the Income screen
4. delete your 1099-R (Federal->Wages & Income->Retirement Plans and Social Security->IRA, 401(k), Pension Plan Withdrawals (1099-R)) and delete the HSA rollover 1099-R from the list (use the Delete or garbage can icon)
*** Desktop***
5. go to View (at the top), choose Forms, and select the desired form. Note the Delete Form button at the bottom of the screen.
*** Online ***
6. go to Tax Tools (on the left), and navigate to Tools->Delete a form
7. delete form(s) 1099-SA (if one), 8889-T, and 8889-S (if one)
8. go back and re-add your W-2(s), preferably adding them manually
9. To re-add your 1099-R and your HSA do:
1. go to the 1099-R interview (above)
2. Enter the 1099-R data. be sure to mark this as an IRA
3. On the screen with "What Did You Do With The Money From [1099-R]?" answer "Brad did something else with it"
4. On the next screen (or so), you will see "Did [name] Put This Money from [1099-R] in a Health Savings Account (HSA)?". answer "yes".
5. This will expose some more lines. Enter the amount of the 1099-R distribution that went into the HSA (presumably the entire amount).
6. Finish the 1099-R interview and then proceed to the HSA interview (Federal->Deductions & Credits->Medical->HSA, MSA Contributions).
7. Indicate that you have an HSA.
8. Enter your 1099-SA (if you have one).
9. On the screen "Let's enter your HSA contributions", note that your contributions from 1099-R is the second of three entries.
10. Note that on the HSA Summary that the 1099-R rollover does not appear (this is OK)
11. The screen after the Summary is "Qualified HSA Funding Distribution". This is a screen describing your requirements to ensure that the rollover is valid for the next year.
12. Note that the rollover counts as a contribution to your HSA, even though it does not appear on the Summary
13. The 1099-R will appear on line 15a of the 1040, as a non-taxable IRS distribution (as a rollover should)
‎June 4, 2019
5:38 PM