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dazed---confused
Returning Member

502UP-Timing contributions to HSA

  • I sold stocks late in December and am manually inputing income into 502UP. In addition to entering income according to actual timing, I also adjusted for the timing of IRA and HSA contribution, which were lump sum contributions. I am considering another HSA contribution before Apr 15th. Do I adjust my income amount in the 4th qtr column for a HSA. Contribution pmt in Apr 2024?
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1 Reply
BillM223
Expert Alumni

502UP-Timing contributions to HSA

"Do I adjust my income amount in the 4th qtr column for a HSA. Contribution pmt in Apr 2024?"

 

Yes, assuming you remember to tell the HSA custodian that the 2024 contribution is for 2023.

 

Logically, since the HSA contribution will be for 2023, it must count for the 4th quarter of 2023, which is as close as the contribution can come.

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