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TR58
Returning Member

HSA contributions in 2020 and distributions in 2021

I made an $8000 contribution to my HSA account in December 2020.   I withdrew $8000 from my account in January 2021 for 2020 medical expenses.   My HSA provider is not providing a 1099 SA or 5498 SA since I made no withdrawals in 2020, only contributions.   Turbo Tax allows me to input 2020 contributions and distributions.   Can I still make a 2020 deduction even though I didn't get a 1099 SA form or 5498 SA?   T

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2 Replies

HSA contributions in 2020 and distributions in 2021

since the distribution did not occur until 2021 that's the year to report it. 

dmertz
Level 15

HSA contributions in 2020 and distributions in 2021

The contribution, however, must be reported on your 2020 tax return.  You'll get the Form 5498-SA later in 2021, after the regular filing deadline for your tax return, so you'll just make your contribution entry based on your personal knowledge of the contribution made for 2020.

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