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Are capital losses (investment losses) in an HSA (Health Savings Account) deductible on the federal return?

 
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Hal_Al
Level 15

Are capital losses (investment losses) in an HSA (Health Savings Account) deductible on the federal return?

No.

The money in an HSA is "pre-tax" money. Since it was previously deducted from taxable income, any capital losses are now allowed as it would only duplicate was has already been deducted.

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1 Reply
Hal_Al
Level 15

Are capital losses (investment losses) in an HSA (Health Savings Account) deductible on the federal return?

No.

The money in an HSA is "pre-tax" money. Since it was previously deducted from taxable income, any capital losses are now allowed as it would only duplicate was has already been deducted.

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