1961889
Hi all,
my 2019 W2 had a box 12, code W, entry of 3500 from my employer. But it turns out 2/3 of that amount was actually reported to the IRS in 2019. 1/3 of that amount was deposited January, so it was a contribution made for 2019.
Do I need to fix anything from last years tax return?
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that $3500 on your w-2 is the maximum for self-only coverage in 2019. A January 2020 deposit for 2019 is included on the 2019 W-2.
Is that how it works? I am afraid some thing may be double counted..
For example in 2019
1) Employer reporting 3500 in W2, so I reported employer had contributed 3500 in 2019.
2) BUT the HSA provider only reported 2333.33 in 2019, and the 1167 in 2020 Jan 1st.
Therefore in 2020 the HSA is reporting an extra 1167 in 2020 saying it was for 2019. If i report this as a previous year contribution on turbo tax, won't the IRS think I overcontributed in 2019 since the W2 had already said 3500 was contributed from employer???
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