I entered in a withdraw from my HSA from form 1099-SA and my taxes owed went up about 60% of the amount of the withdraw? i.e. $1500 withdrawl cost me $800.
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It depends on what you did.
If all the distribution was for qualified medical expenses, then what happens is this:
But your situation may have been another: if you indicated that the distribution was not for qualified medical expenses.
It depends on what you did.
If all the distribution was for qualified medical expenses, then what happens is this:
But your situation may have been another: if you indicated that the distribution was not for qualified medical expenses.
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