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It would make no sense to report only the cash value here.
I see in the literature that some companies might split the cash and the investments into two accounts, hence two 5498-SAs.
But I see that one tax professional who asked his HSA plan advisor about this suddenly received a corrected 5498-SA reporting the total amount on the corrected version.
So, use the actual value (cash and non-cash) when asked in TurboTax, and also call your HSA plan administrator and ask them why they are not reporting the fair market value of the whole HSA.
It would make no sense to report only the cash value here.
I see in the literature that some companies might split the cash and the investments into two accounts, hence two 5498-SAs.
But I see that one tax professional who asked his HSA plan advisor about this suddenly received a corrected 5498-SA reporting the total amount on the corrected version.
So, use the actual value (cash and non-cash) when asked in TurboTax, and also call your HSA plan administrator and ask them why they are not reporting the fair market value of the whole HSA.
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