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illuminato
Returning Member

HSA: TurboTax generates incorrect line 2 of form 8889

 

 

I contributed to my HSA: $3600
My employee contributed to my HSA: $3,156.67
Limit is $7200 per year so I had to withdraw some part of contributions ($669.19)
My spouse's contribution: $1,108 to her HSA. A separate form was generated for her.


I received 1099-SA for withdrawal:
1 Gross Distribution .................................................................... 669.19
2 Earnings on Excess Contributions ........................................................ 1.77
3 Distribution Code .......................................................................... 2
4 Fair Market Value on Date of Death ...................................................... 0.00
5 Account Type ............................................................................. HSA


Line 2 of form 8889 filed as $2,935
Is it correct? I think it should be $3,600. 

 

Here is my full 8889 form:

line 2: 2,935

line 3: 7,200

line 4: 0

line 5: 7,200

line 6: 6,092

line 8: 6,092

line 9: 3,157

line 11: 3,157

line 12: 2,935

line 13: 2,935

line 14a: 669

line 14b: 669

line 14c: 0

 

 

 

 

 

 

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3 Replies
RaifH
Expert Alumni

HSA: TurboTax generates incorrect line 2 of form 8889

TurboTax is reporting it correctly. Your over-contribution reduces the deduction you can take for your out-of-pocket contribution on Line 2, and on Line 13 of Schedule 1.  

 

Your total contribution limit is $7,200 (assuming neither of you are 55 or over). The employer contribution is $3,157. Your wife's contribution is $1,108. The remainder of 7200-3157-1108 is your contribution of $2,935. Had you marked that your wife made the over-contribution, her box 2 amount would have been reduced instead of yours. 

illuminato
Returning Member

HSA: TurboTax generates incorrect line 2 of form 8889

@RaifH 

 

There doesn't seem to be anything in the form 8889 instructions that says to use the "net" amount of contributions on line 2. 

 

Also for line 13 it says: 

"To figure your excess contributions (including those made on your behalf), subtract your deductible contributions (line 13) from your actual contributions (line 2). "

 

So if I do it with what turbotax provided I will get 0 (line 2 - line 13). What is not correct.

 

I tried to file form 8889 in two other programs and in both cases I got 3,600 for line 2. 

 

 

RaifH
Expert Alumni

HSA: TurboTax generates incorrect line 2 of form 8889

You no longer have an excess contribution because you withdrew it. You are correct, if you did not withdraw your excess contribution, your Line 2 would be $3,600 and Line 13 Schedule 1 would be 2935 plus your wife's contribution and the excess contribution would be $3,600 - $2,935. 

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