What do I do with my 5498-SA form? Please see below for further details.

[lmkuepker]

I received a 1099-SA form from the original holder of my HSA, but my employer switched banks for our HSAs in September of 2014.  From the second bank, I received a 5498-SA form. I filed the 1099-SA in the return. How do I handle the second form (5498-SA) in my federal return?

[carhaf]

DURING THE END CHECK, YOUR SOFTWARE REQUIRED AN ENTRY FOR FMV HSA AND IT CHANGED MY REFUND!!!!!  NOW I CANNOT FIND WHERE YOU WANTED IT SO I CAN CHANGE IT

[ghost · Accepted solution]

Form 5498-SA is a statement of contributions. In your case of employment contribution, the amount shown on 5498-SA should have already been on your W2 so there's no need to enter it anywhere else. The 5498-SA is for your information only; you don't actually enter it directly.

[changtc8]

I thought HSA contribution has tax credit if so where do we enter

[jamiemil]

What if the amount on your W-2 doesn't match the amount on the 5498-SA form?  Why would they be different?

[ghost]

@jamiemil
"What if the amount on your W-2 doesn't match the amount on the 5498-SA form?"
They may not match if you had after tax contributions in addition to pretax employer contribution.

"Why would they be different?"
F5498-SA can include more than pretax employer contribution.

[bmccarthy]

I made an extra contribution to my HSA and it was reported on the 5498 however when I try to add it to turbotax it lowers my refund instead of increases it!  This is as of 3/18/15 so the latest fix isnt working for this particular scenario.

[ghost]

@bmccarthy the refund indicator is not a reliable measure. You must examine the actual tax forms to determine how your HSA contribution is treated.

[super_1chicken]

So I have $1,750 on my 5498-SA and my W2 in Box 12a has a C for 174 and DD for 2665.08... I'd like to get credit for the $1,750, but Turbo Tax is not letting me take it anywhere.. help!

[ghost]

@super_1chicken pretax or after-tax contibution?

[super_1chicken]

Pre-Tax Contribution

[ghost]

Then your employer has reduced your W2 wages by the $1750 but did not report code W $1750 in box 12. You can enter it in the HSA section. Look for the line "Employer Contribution not Reported on a W2".

[super_1chicken]

I don't think the employer reduced my W2 wages lines, 1, 3,5 and 16 all match.  Any ideas?  Thanks for the help..

[ghost]

If you are certain of no reduction in reported wages, then it's an after tax contribution and it would be entered on the line "All Other Contributions". This will be a tax deduction on F1040, line 25.

[super_1chicken]

Thanks.. where would I enter this in Turbo Tax