HSA Excess Contribution and Earnings with no 1099-SA

[praneethjonna]

My wife and I both have HDHP health insurance plans for 2021, where allowed to put 3550 per person in our HSA Account as per IRS. My HSA account money is invested periodically into Mutual Funds. This year we both contributed 3700 and 3800 respectively (this is not a mistake by my employer). I was able to withdraw the excess amount from each account before this year tax filling date. In response to the withdrawal our HSA Account holding company (fidelity) sent us a confirmation letter stating this "the excess contribution amount was $x and if you are correcting before the tax filling deadline, the total attributable earnings for the computation period is $x". I haven't used any HSA money this year because of it, fidelity didn't send me 1099-SA. So I unable to create a 1099-SA to report my excess earnings on my taxes. I was able to put my excess contribution in turbo tax online filling but I am lost how to report excess earning. I spoke to multiple CPA's on turbo tax, everyone seems to not know how to do it. Any help regarding this tax situations helps me a lot.  

[Opus 17 · Accepted solution]

If you withdrew the excess in 2021, then the earnings are 2021 income because that's when it was actually paid out to you, and will be reported on a 1099-SA that will be issued next year.  Those earnings are not reported on your 2020 tax return. 

[praneethjonna]

That make sense. Thank you so much.