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New Member
posted Jun 4, 2019 9:19:55 PM

How do I report HSA for 2018 when we actually weren't qualified for one?

We switched to a healthcare sharing organization and didn't know we no longer qualified for the HSA.  How do I report it on our return?

Contributed $4000

Distributions of $3967.80

0 5 446
5 Replies
Level 13
Jun 4, 2019 9:19:57 PM

Did you have HDHP (High Deductible Health Plan) at any point in 2018? Don't count months in which you had the healthcare sharing organization coverage on the first day of the month, even if you still had the HDHP coverage.

If you had no HDHP coverage at any time of the year, then when you are asked in the HSA interview "Did [name] covered by a High Deductible Health Plan (HDHP) in 2018?", answer "no".

If you had HDHP coverage for at least one month in 2018, then when you are asked in the HSA interview "Did [name] covered by a High Deductible Health Plan (HDHP) in 2018?", answer "yes". This will expose three new lines. You will check the last one: "I had different plan types at different times of the year". The next screen will ask you for which month you had what: Family, Self, or None (None means any time you either did not have HDHP coverage or you had conflicting coverage).

You will get an error message about excess contributions. Withdraw whatever you can, and the rest is carried over to next year. You will be assessed a 6% penalty on the lesser of your excess carried over or the value of your HSA on 12/31/2018.

New Member
Jun 4, 2019 9:19:58 PM

Not sure what you mean by "withdraw whatever you can"  We used all but a little of what we contributed by the end of the year.

New Member
Jun 4, 2019 9:20:00 PM

Is Penalty calculated on this return?  Nothing calculated in turbotax on form 8889

New Member
Jun 4, 2019 9:20:01 PM

I had to check either "Self" or "family" box line 1 of form 8889 or it wouldn't let me efile

Level 13
Jun 4, 2019 9:20:03 PM

"withdraw whatever you can" means exactly what it says - withdraw whatever money is left in the HSA.

The penalty for an excess carried over is calculated on form 5329, Part VII.

Checking "Self" or "Family" is fine, so long as you told TurboTax that you had no HDHP coverage all year. The latter thing makes sure that you can't deduct any contributions.