topic Worked. Thank you!!! in Retirement tax questions

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?

kmc9575 — Sat, 01 Jun 2019 03:45:11 GMT

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?

You need to update TurboTax. The original CD version had...

dmertz — Sat, 01 Jun 2019 03:45:13 GMT

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.

Worked. Thank you!!!

kmc9575 — Sat, 01 Jun 2019 03:45:15 GMT

Worked. Thank you!!!

We didn't. Contribution $6750. Distribution was $6837....

kmc9575 — Sat, 01 Jun 2019 03:45:19 GMT

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.

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

dmertz — Sat, 01 Jun 2019 03:45:19 GMT

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