1099-SA Box 4 Question

Forum|Forum|2 years ago
February 18, 2024
2 replies
30 views

Hello,

I received my 1099-SA in the mail recently. I received one distribution with the Distribution Code of 1. Nothing abnormal there. What I do have questions about is that I have a figure listed in the Box 4, "FMV on date of death". Does this signify that my HSA believes that I died?

If it helps to add more information, I am, infact, not dead.

Thanks

Best answer by JulieS

Yes, box 4 is only used when the original account holder has died.

If you inherited this account from someone else who died, that would explain why the FMV is provided in box 4. If that's not the case, contact your HSA company to get this corrected.

JulieSAnswer

Level 15

Yes, box 4 is only used when the original account holder has died.

If you inherited this account from someone else who died, that would explain why the FMV is provided in box 4. If that's not the case, contact your HSA company to get this corrected.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

dmertz

Level 15

Expert Reviewed

An amount in box 4 combined with code 1 on a 2023 Form 1099-SA implies that you inherited the HSA from your spouse who died prior to 2023 and the HSA custodian learned of your spouse's death in 2023.