How to enter a rollover contribution to my HSA account

[thayes1294]

i closed my HSA account at one bank and opened a new one at a different bank. the first bank reported my closing balance as a normal distribution on form 1099 s.

[AnnetteB · Accepted solution]

There is a follow-up question after you enter the information from your Form 1099-SA that will indicate that the distribution was rolled over into another Health Savings Account (HSA).

Start by going to the HSA section.  After you enter the information from your Form 1099-SA, there will be a question about whether you used the distribution for medical purposes.  Answer that question with No.  Next, choose whether you spent any of the money on medical expenses.  This will open a box to enter the amount that was rolled over.

To go directly to that section of your return, use these steps:

• On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)

• This opens a box where you can type in “1099-SA” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)

• The search results will give you an option to “Jump to 1099-SA”

• Click on the blue “Jump to 1099-SA” link

[kdwhitle]

I followed these steps, but TurboTax is still saying one of us made an excess HSA contribution...Why is it doing that?!

[delliott999]

Turbo Tax - do you have an answer for this?  I get the same result too....

"The amounts below can't add up to more than your gross distribution of xxx.xx"

[MarilynG1]

@delliott999 If your HSA contribution is shown on your W-2, you don't need to enter it again in the HSA section.  

Click this link for more info on Excess HSA Contribution.