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New Member
posted Feb 4, 2024 9:58:12 AM

I noticed Schedule 2 and Form 5329 is included in my return in error. I believe this would be used to show additional HSA contributions over the limit. How do I fix this

I didn’t have Excess HSA contributions so this was somehow done in error. I tried to amend via TurboTax but it says I have to wait. Can someone assist

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1 Replies
Level 15
Feb 4, 2024 10:47:17 AM

First if you have already filed your return you MUST wait for the IRS to fully process the original return and after mid February when the amendment process will be operational.  

 

See this TurboTax support FAQ for amending a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-a...

 

 

Then you need to address the HSA situation : 

 

The HSA is handled in 3 parts in the TT program :

https://ttlc.intuit.com/community/health-care/help/what-is-a-health-savings-account-hsa/00/25765

 

First the contribution:

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-hsa-contribution/00/26492

https://turbotax.intuit.com/tax-tips/health-care/what-is-the-irs-form-8889/L8hRNHx4o

 

Next the limitations screen to confirm you are eligible to make the contributions:

Until you complete the HSA portion of the TurboTax interview to establish your eligibility for an HSA contribution, TurboTax will treat the amount entered on the W-2 form as an excess HSA contribution.

https://ttlc.intuit.com/community/health-care/help/why-am-i-showing-an-excess-hsa-contribution/00/26610

 

And lastly any distribution:

https://ttlc.intuit.com/community/health-care/help/why-is-my-hsa-distribution-taxable/00/26609