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Not applicable
posted Apr 14, 2022 7:38:52 AM

hsa transfer to Fidelity hsa but shows up as distribution on 1099 sa

How do I handle hsa transfer to another hsa but is showing up as a distribution on 1099 sa. Seems you can only select yes/no to it if it is/is not a medical exp. I transfer it from an employer based hsa account to Fidelity to invest it

0 3 529
1 Best answer
Expert Alumni
Apr 14, 2022 1:29:02 PM

In the HSA interview when you enter the 1099-SA, you should see:

 

1. The entry boxes for the 1099-SA

2. The boxes with your personal information

3. The question, "Did you spend your HSA money on medical expenses only?"

4. You answer NO and two more lines appear.

5. Enter that "I didn't spend any of it on medical expenses", and a new line will appear.

6. On this new line, enter the amount of the distribution that was rolled over into another HSA.

 

You're done.

3 Replies
Expert Alumni
Apr 14, 2022 1:29:02 PM

In the HSA interview when you enter the 1099-SA, you should see:

 

1. The entry boxes for the 1099-SA

2. The boxes with your personal information

3. The question, "Did you spend your HSA money on medical expenses only?"

4. You answer NO and two more lines appear.

5. Enter that "I didn't spend any of it on medical expenses", and a new line will appear.

6. On this new line, enter the amount of the distribution that was rolled over into another HSA.

 

You're done.

Not applicable
Apr 14, 2022 1:57:42 PM

Thanks, I think I missed it because of the “no” 

Expert Alumni
Apr 14, 2022 2:08:24 PM

Not surprising. It's hard to read ahead in TurboTax 😉