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Why is my 1099 sa added to my taxable income?

 
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AlanT
Expert Alumni

Why is my 1099 sa added to my taxable income?

The 1099SA reports your Health Savings Account withdrawals.  After you enter the information, TurboTax will ask what you did with the money.  Once you report that you spent the money on qualified medical expenses, the amount will be removed from your taxable income.  

 

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1 Reply
AlanT
Expert Alumni

Why is my 1099 sa added to my taxable income?

The 1099SA reports your Health Savings Account withdrawals.  After you enter the information, TurboTax will ask what you did with the money.  Once you report that you spent the money on qualified medical expenses, the amount will be removed from your taxable income.  

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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