I have total distributions (as reported on 1099-SA) in the amount of $2457.70 (which is more than past year ($1920.00) yet I am getting $0 in deductions. Why is that?
You'll need to sign in or create an account to connect with an expert.
Your 1099-SA does not give you a deduction. This money was deposited pre-tax into an HSA account for you to use for Medical Expenses.
You get the deduction when you enter your W-2 showing your HSA contribution.
When you take a Distribution for Medical Expenses, you are not taxed on the amount you took out of the account.
Click this link for more info on 1099-SA.
Your 1099-SA does not give you a deduction. This money was deposited pre-tax into an HSA account for you to use for Medical Expenses.
You get the deduction when you enter your W-2 showing your HSA contribution.
When you take a Distribution for Medical Expenses, you are not taxed on the amount you took out of the account.
Click this link for more info on 1099-SA.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Allynh
New Member
Mom2twingles
Returning Member
manda386
New Member
dpcunn-gmail-com
New Member
kiks_722
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.