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[Event] Ask the Experts: Extension Filers
I'm sorry for the difficulty that you're having entering this. The "Did you Overfund your HSA" question pops just after the "Were you covered by a High Deductible Health Plan in 2024" question. The next question is, "Did you overfund your HSA in 2023?", Yes or No, depending on which applies, you will then see the calculation for the amount of overcontribution for 2024 and indicate that you withdrew the money. The reason the 2023 question populates is because some people are still paying the penalty for excess contributions for prior years. This can be confusing.
Couple things to remember. Do not manually enter the excess amount. Let the TurboTax interview calculate the excess based on your contributions and eligibility for the tax year. If you correctly complete the HSA interview, TurboTax will automatically generate the necessary forms, such as Form 8889 and potentially Form 5329, without you having to find them manually.
Hope this helps!
Cindy
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