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How to report withdraw more than the exceed HSA contribution in the software?

The 2019 annual limit for HSA contribution is $3500, make contribution through payroll and over the contribution limit by $200 which report on W2.  Made the excess contribution withdraw in Jan and accidently withdraw $300 instead of $200.  Now the software only allow me to choose "part or full of the excess contribution $200" and didn't let me to put $300.  Please advise where to put the accurate withdraw number $300 through the system.
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2 Replies
DaveF1006
Expert Alumni

How to report withdraw more than the exceed HSA contribution in the software?

All that really matters is that you give that $200 back to the HSA trustee.  If you withdrew an additional amount, you can return that excess back to your HSA account to restore the basis of your HSA account.

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ThomasM125
Expert Alumni

How to report withdraw more than the exceed HSA contribution in the software?

You would indicate that you made a full repayment of the excess of $200. If you don't contribute the extra $100 back to the HSA, you will have to pay tax on it if you don't use it for medical expenses.

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