- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
1. You will be asked in the HSA interview if you "overfunded" your HSA last year. Be sure to answer "NO", because the question doesn't want to know if you had excess contributions in 2018, but whether or not you carried them over to 2019. You did not carry them over, because you withdrew the excess prior to the due date of the return. So that's easy, just say NO.
2. What Minh is referring to is the fact that you will get a 1099-SA this year (now) reporting the earnings on that excess while it was in the HSA. The 1099-SA will have a distribution code of '2' and the earnings will be in box 2, which, after you enter it, will be added to Other Income (as it should be).
Note that you will probably also receive a separate 1099-SA reporting your distributions (spending) on qualified medical expenses - just enter the two 1099-SAs separately in the HSA interview.
**Mark the post that answers your question by clicking on "Mark as Best Answer"