Any idea what line 48 on my 2018 Form 5329 would be and why it autopopulated 2025? Thanks!

[BillM223]

If you mean $2,025 in line 48, this is the total of your excess HSA contributions that you did not withdraw from your HSA by the due date of the return, and so you are hit with a 6% penalty in carrying that amount over to next year.

If you have the money in the HSA, you should consider going back to the HSA interview and indicating that you will withdraw the $2,025 from the HSA before the due date of the return (assuming that the $2,025 is all from 2019). Oh, and then you have to actually do it.

[dmertz]

Line 48 is simply the sum of lines 46 and 47.  It's the total of your excess contributions that remained in your HSAs, subject to a 6% excess contribution penalty.

Which lines of Form 5329 Part VII other than line 48 have amounts?

[biesegarret]

Thank you for the prompt reply! The app automatically put 2,025 in to the line 48 from 2018 So I went back to physical 2018 tax forms and it was blank. I have never come close to exceeding the contribution per annum ($3500). I think the app was confused. 

[biesegarret]

Thank you for responding! I have never exceeded the contribution maximum. I assume the app was confused.