HSA Contribution for prior year and current year in same tax year - Turbo Tax thinks I have over funded, have I? Please help

[CubFantoo]

I made an $8000 personal HSA contribution for 2019 in May of 2020  (the deadline for contributions had been extended due to the CARES act.)  I also made an $8100 personal HSA contribution for 2020 in December 2020.  When I go through the interview and report $16100 for HSA contributions during 2020, nothing comes up to let me indicate what year the contributions are for, and Turbo Tax thinks I have over funded my HSA.  Have I?  How do I resolve this?  Can I report both contributions  in the same tax year?

I  am not on medicare and no longer have employer contributions.  I am eligible to make the family contribution and the age catch up so the amounts are ok according to the IRS. 

In the past, I have always made these contributions in the 1st part of the year for the prior year and then reported the contribution in the year it was paid  - not the year it was for.  For example the 2018 contribution was made in March 2019 and reported on my 2019 return.  In 2020 I wanted to "catch up" and get the tax benefit of both contributions in the 2020 tax year.  Is that not possible?  Have I done this incorrectly and they have to be reported  on the tax return for the year they are for not the year they are actually made?

If so, do I need to:

A. File corrected returns to fix this error on prior years and report the $8100 in 2020.

B. Leave the contributions as they are and report my $8100 for 2020 on my 2021return.  If I do this does that   mean I will end up not being able to contribute in the last year I'm eligible? 

Looking for some help...

[ErnieS0]

Enter $8,100 in TurboTax for 2020 contributions. It’s confusing, but TurboTax uses tax year. Then amend your 2019 tax return if you did not include the $8,000 as a deduction on that return.

If you filed your 2019 return with TurboTax, you can amend your 2019 return by downloading and installing our amend software on a computer. The software is free.

First download you (.tax file). Click on Find your tax data file (.tax file) in Windows for help in getting your (.tax file).

Related Resources:

• How do I amend a 2019 return in TurboTax?
• How do I amend my 2019 TurboTax Online return?
• How do I amend my 2019 return in the TurboTax CD/Download software?

[CubFantoo]

I have filed 2019 and shown the HSA contribution.  My problem is that the HSA 5498-SA for 2020 indicates I made a $16,100 contribution.  I did actually contribute 16,100 during the year; but, 8,000 was for 2019 (with my 2019 filing in May - tax deadline had been extended due to Covid considerations) and 8,100 was for 2020 made in December 2020.   How do I rectify this? 

[Critter-3]

The 2020 form 5498 reports what WAS contributed during 2020  and  not what tax year it was FOR and that is correct.  Look at boxes 2 & 3 ...