Since the amount of the HSA can be rolled over from year to year, why does it matter how much is in the gross distribution box?
Contribution of $6750.04 for 2016. Distribution of 6837.62 from roll over. Why is TurboTax telling me my annual contribution is over by $100, when the limit is 6750.00?
04967
1 Best answer
dmertz
Level 15
May 31, 2019 8:45:13 PM
You need to update TurboTax. The original CD version had a bug in that it was applying the 2015 limit until it was corrected sometime in December.
4 Replies
dmertz
Level 15
May 31, 2019 8:45:13 PM
You need to update TurboTax. The original CD version had a bug in that it was applying the 2015 limit until it was corrected sometime in December.
kmc9575
Returning Member
May 31, 2019 8:45:15 PM
Worked. Thank you!!!
dmertz
Level 15
May 31, 2019 8:45:19 PM
Do not enter a rollover as a new, regular contribution.
kmc9575
Returning Member
May 31, 2019 8:45:19 PM
We didn't. Contribution $6750. Distribution was $6837. TurboTax is saying maximum contribution has been exceeded by $100, which is not true. IRS maximum for 2016 was $6750. TurboTax is giving us a choice of either withdraw the amount or pay taxes.