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Level 1
posted Feb 1, 2022 9:01:13 PM

I rolled over my HSA from one provider to another, but did not recieve a 1099-SA

I rolled over an HSA from one provider to another, in a direct trustee-to-trustee transfer. I had no other withdrawls from the rolled-over HSA, and the HSA provider did not send me a 1099-SA (nor is one available on their website). If my understanding is correct, this means I do not have to file anything for the rollover, since it was trustee-to-trustee. Is that correct?

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1 Best answer
Level 15
Feb 2, 2022 12:15:09 AM

you are correct nothing to file for the direct rollover. no 1099-SA will be issued.

4 Replies
Level 15
Feb 2, 2022 12:15:09 AM

you are correct nothing to file for the direct rollover. no 1099-SA will be issued.

Level 15
Feb 2, 2022 3:01:08 PM

To be clear, this is a trustee-to-trustee transfer, not a rollover.  A trustee-to-trustee transfer of an HSA is not reportable.  (If you instead received a distribution paid to you and within 60 days deposited this money into another HSA, that would be a reportable distribution and rollover.)

Level 1
Feb 2, 2022 3:19:44 PM

Is that specific to the context of HSAs? I've done 401(k) direct transfer rollovers to an IRA, but I still got 1099-R's for them.

Level 15
Feb 2, 2022 5:29:34 PM

That's specific to HSA to HSA, traditional IRA to traditional IRA and Roth IRA to Roth IRA (tracing back to IRS Revenue Ruling 78-406 which defines a trustee-to-trustee transfer, a rule established to allow movement of these types of accounts from one custodian to another without regard to the one-rollover-per-12-months limitation by it being neither a distribution nor a rollover).  Movement of funds to or from a 401(k) is always reportable (except for the case where one company acquires another resulting in the merger of two 401(k) plans).