My confusion is that it states that I had to have an HDHP before having an HSA. This is the reason I selected that I had an HDHP during at least one month of the year. Selecting I did not have coverage seems more logical. Thank you for any clarification provided.
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It depends. First and foremost, you need to make sure you qualified to have an HSA. To have an HSA, you can only have had and HDHP plan when you started to make contributions to the HSA. If this was not the case (you still had VA insurance at the same time you had the HDHP), then you will want to contact your plan administrator of your HSA and request and excessive contribution withdrawal or you will pay penalties on your tax return for a disallowed contribution to your HSA. However, if you no longer qualified for VA insurance, then you actually have an option of how to claim your HDHP year, which can affect how much you were allowed to contribute to the year. So much will depend on your situation. See the following:
Your situation would hinge on whether you contributed 1417 or more to your HSA. If you did, you will want to claim your HDHP for the entire year. If you did not, and do not plan to make additional contributions to your 2017 tax year, then you probably only want to state that you had HDHP coverage since August, since stating it this way has no effect on your 2017 return and protects your 2018 return if you should disqualify for whatever unforeseen reason to have HDHP insurance.
It depends. First and foremost, you need to make sure you qualified to have an HSA. To have an HSA, you can only have had and HDHP plan when you started to make contributions to the HSA. If this was not the case (you still had VA insurance at the same time you had the HDHP), then you will want to contact your plan administrator of your HSA and request and excessive contribution withdrawal or you will pay penalties on your tax return for a disallowed contribution to your HSA. However, if you no longer qualified for VA insurance, then you actually have an option of how to claim your HDHP year, which can affect how much you were allowed to contribute to the year. So much will depend on your situation. See the following:
Your situation would hinge on whether you contributed 1417 or more to your HSA. If you did, you will want to claim your HDHP for the entire year. If you did not, and do not plan to make additional contributions to your 2017 tax year, then you probably only want to state that you had HDHP coverage since August, since stating it this way has no effect on your 2017 return and protects your 2018 return if you should disqualify for whatever unforeseen reason to have HDHP insurance.
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