An MSA is a medical savings account.
Under the Deductions & Credits menu, confirm the following:
- Expand the menu for Medical
- Click Start/Revisit next to HSA, MSA Contributions
- Confirm the account ownership and click Continue
- Review the information on the screens that follow. Be sure not to report contributions that are already reported on your W-2.
You should have received a Form 1099-SA from the MSA provider indicating your disbursements.
In TurboTax, follow these steps:
- Under the Federal menu, click on Deductions & Credits
- Expand the menu for Medical
- Click Start/Revisit next to HSA, MSA Contributions
- When you get to the screen Did you use your MSA to pay for anything in 2019? Answer Yes.
- Enter the information from your 1099-SA
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