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Level 1
posted Feb 18, 2024 4:56:45 AM

1099-SA Box 4 Question

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

0 2 292
2 Best answers
Expert Alumni
Feb 18, 2024 6:45:56 AM

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. 

Level 15
Feb 18, 2024 7:35:25 AM

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.

2 Replies
Expert Alumni
Feb 18, 2024 6:45:56 AM

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. 

Level 15
Feb 18, 2024 7:35:25 AM

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.