On your W-2, the Box 12 code W amount includes
both the employer and employee pre-tax contributions, including
incentives. If you contributed to your HSA only through
payroll deductions, do not enter them anywhere else in TurboTax.
However, if your made after-tax contributions on
your own (independent of your employer), then those contributions would be
entered. You would have to enter them to calculate a deduction. Enter under the
Medical section.
On your HSA summary page, you will see Tax-free employer
contributions, but it means both employer and employee
contributions in total. It is just how the IRS codes it (Box 12 W)
Form 1099-SA -
is
entered in order to calculate the deduction and complete Form 8889 properly.
Form 1099-SA is issued when you have distributions from you
HSA account. If you took distributions from your HSA, you need to wait
for the form (must be mailed by 1/31/17). Call you the HSA custodian if you
have not received this form in a timely manner.
Form 5498-SA - Just keep for your
records. It is not entered in TurboTax.
Also, be certain to indicate that you were enrolled in a HDHP. This is a requirement for the
participation in an HSA. If you miss entering this information, the
program will calculate a contribution penalty. If you still need to know what your contributions are, look to the Form 5498-SA (may not arrive until 5/31/17) or contact your plan's custodian.
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