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kmc9575
Returning Member

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?

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1 Best answer

Accepted Solutions
dmertz
Level 15

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?

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.

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4 Replies
dmertz
Level 15

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?

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

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?

Worked.  Thank you!!!
kmc9575
Returning Member

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?

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.
dmertz
Level 15

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?

Do not enter a rollover as a new, regular contribution.

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