437890
You'll need to sign in or create an account to connect with an expert.
Sort of.
When you enter code W, TurboTax automatically assumes you did not qualify to contribute to a HSA, so it adds a tax and penalty. Later on in the interview (in the HSA section) it will ask you questions that find out if you qualify for contribute to the HSA. If you do qualify, TurboTax will then remove that tax and penalty.
Assuming you qualify, your tax will be the same, but your amended tax return will include that Code "W" amount on Form 8889.
https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed
Sort of.
When you enter code W, TurboTax automatically assumes you did not qualify to contribute to a HSA, so it adds a tax and penalty. Later on in the interview (in the HSA section) it will ask you questions that find out if you qualify for contribute to the HSA. If you do qualify, TurboTax will then remove that tax and penalty.
Assuming you qualify, your tax will be the same, but your amended tax return will include that Code "W" amount on Form 8889.
https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17518667980
New Member
Investor_
Returning Member
lrwilcox
New Member
id453
Level 3
mana1o
New Member