Form 1099-SA reports the money you spent from your health savings account (HSA). To enter Form 1099-SA: Open or continue your return. Navigate to the 1099-SA section: TurboTax Online/Mobile: Go to 1099-SA. TurboTax Desktop: Search for 1099-SA and select the Jump to link. Follow the onscreen instructions.

Jun 5, 2019 · To remove your 1099-SA: Type 1099-SA in the search box and click search. Click on Jump to 1099-SA. At the Your HSA Summary, click on Edit. On the Tell us about the health-related accounts you had in 2016 screen, click Continue. On the Here's what we have so far screen, click Delete next to the 1099-SA you entered (if any).

Jun 7, 2019 · If not, you would not receive a 1099-SA, so in the HSA interview (Federal Taxes->Deductions & Credits->Medical, click on "HSA MSA Contributions"), just skip adding a 1099-SA. But if you did take distributions, you need to contact your HSA plan administrator (the bank or financial institution that gave you the debit card to pay for qualified ...

Mar 17, 2024 · " what to do with the form 1099-SA I received afterwards, should I just skip or fill in all the information into Turbotax to pay tax possibly twice? " - Does this 1099-SA have a code of 2 in box 3? If so, only the earnings in box 2 are added to your income; the amount of excess in box 1 is ignored, because TurboTax knows that the excess was ...

Jun 6, 2019 · Where to locate federal ID number when filing 1099-SA from The federal identification number should be located on the left side under the heading of "PAYER'S federal identification number". If it is blank, then call the HSA plan …

Jun 4, 2019 · First, when you enter the distribution in the 1099-SA part of the HSA interview, the distribution will initially be shown as taxable. This is because the IRS considers the distribution to be taxable by default, until the taxpayer shows that …

May 31, 2019 · On the 1099-SA, the "payer" is the name of the bank or financial institution that is administering your HSA. Note: for most people, the payer is the institution that supplied them with the debit card to pay for medical expenses. You are the "Recipient".

Mar 31, 2023 · 1099-SA vs. 5498-SA - which one so I use for personal filing? Each form reports something different ... the 5498 shows the contribution and the current value of the account (and is mostly informational only and there is no place to enter this form at all ) where as the 1099 shows the distribution taken during the year.

May 31, 2019 · The "Payer" on the 1099-SA is your HSA plan administrator (presumably Wells Fargo, if they gave you a debit card with which to pay for medical expenses). Thus, Thus, " TRUSTEE'S/PAYER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone number "

Jun 3, 2019 · The information reported to you on your 1099-SA is also reported to the IRS. The IRS matches up all information reported to them with what taxpayers report on their tax returns. Since you didn't include your 1099-SA they will propose making an adjustment to your return that adds the distribution, but not the amount of it that was spent on ...