In most cases, your HSA
contribution has already been reported in Box 12 of your W-2 with code W: Employer Contributions to Health
Savings Account.
Despite the misleading name, code
W reports both your and your employer's contribution. (If you
think the name is confusing, think of it as just "Contributions to Health
Savings Account".)
If you put $1,500 in your HSA
during 2016, and your employer matched your contribution, your W-2's Box 12
should have the amount of $3,000 with a code W.
Now, if you made HSA
contributions not
reported on your W-2 (this is
uncommon), we'll ask about that when you step through the Medical section. Look for the questions Were HSA contributions made in 2016?
or Do you need to make any adjustments to your HSA
contribution amount? Answer Yes and we'll open a screen where you can enter that
information.
You'll get Form 1099-SA (not to be confused with Form SSA-1099) if you used funds in your Health Savings Account (HSA) or a Medical Savings Account (MSA) to pay for health care expenses.
It's important that you enter the information from your 1099-SA before you enter your medical expenses, so we can properly calculate your medical expense deduction.
Here's how to enter your 1099-SA
form:
1.
Open (continue) your return in TurboTax.
2.
In TurboTax search for 1099-SA or 1099SA
(lower-case work too) and then click the "Jump to" link in the
search results.
3.
On the Tell us about the health-related accounts you had
in 2016 screen, check the boxes for the types of accounts you have
(these may already be pre-selected based on earlier info you entered).
4.
Click Continue and follow the onscreen
instructions to complete the form.
