turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

shidanhug
New Member

When TurboTax is asking for the total value of all my HSA accounts is that what i contributed or spent?

 
1 Reply

When TurboTax is asking for the total value of all my HSA accounts is that what i contributed or spent?

The total value of all HSA accounts is the sum of what you have in the account(s) on a given day (12/31/2018, I assume).

Note that if you are being asked this question, you probably have an excess contribution that you are not withdrawing. The IRS charges you the lesser of 6% on excess contributions that you carry over or the total value of your HSA.

The total value of each HSA (you probably have only one) can be found on form 5498-SA. If you have not received this form yet, go to your HSA administrator's website and see if you can download it from there, or alternatively, speak to a customer service agent at that website.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v