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Are the 1099-SA and 5498-SA forms the same thing?

 
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Ashby
New Member

Are the 1099-SA and 5498-SA forms the same thing?

No, 1099-SA reports your distributions from your health savings account which must be used for qualified medical expenses. While the 5498 is a summary of your contributions for the year. You usually do not have to report anything from this form because your contributions are reported in Box 12/Code W on your W-2.

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1 Reply
Ashby
New Member

Are the 1099-SA and 5498-SA forms the same thing?

No, 1099-SA reports your distributions from your health savings account which must be used for qualified medical expenses. While the 5498 is a summary of your contributions for the year. You usually do not have to report anything from this form because your contributions are reported in Box 12/Code W on your W-2.

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