How do I show a portion of my HSA funds were rolled over or transfered?

I switched banks holding my HSA in 2017. Most of my funds were rolled over to the new bank. A small portion was used for distributions. How do I show the transfer or rollover to the new bank in my 2017 return. As of now, the 2017 return is showing it all as a distribution.

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1 Best answer

New Member

Jun 5, 2019 2:49:09 PM

You can indicate the portion that was rolled over during the entry of your Form 1099-SA.

To enter Form 1099-SA into Turbo Tax:

Open your return
Click on Federal Taxes
Click on Wages & Income
Click on I'll choose what I work on
Scroll to Less Common Income and click on the Update button beside "1099-SA, HSA, MSA"
Click Edit on you HSA Summary page
Click Continue. On the "Here's what we have so far" page, click Edit beside your 1099-SA information.
Click Continues through the next three screens.
On the "Did you spend your HSA money on medical expenses only?" page, click on No, I didn't.

Then click on "I spent part of it on medical expense" if you did pay medical expenses, otherwise click on "I didn't spend any of it on medical expenses."

Either of those will give you a box to enter the amount rolled over into another HSA. (See the screenshots below)