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Level 4
April 4, 2022
Question

Excess HSA contributions

  • April 4, 2022
  • 1 reply
  • 9 views

Where do you enter excess HSA contributions in taxable income? Is it in wages like excess 401 (k) deferrals or is it in other income?

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1 reply

qbteachmt
Level 15
April 4, 2022

Removing excess HSA before the tax form deadline is the same as removing it from a retirement account. There is a 1099-SA process. Not a 1099-R process.

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TollyAuthor
Level 4
April 4, 2022

So, does it go in other income or is it added to wages like the 1099 R process?

qbteachmt
Level 15
April 5, 2022

I don't understand this: "does it go in other income or is it added to wages like the 1099 R process?"

You don't add a 1099-R to Wages. If that applied, it would happen through the employer.

You never gave any details. Were the HSA contributions made through an Employer as Payroll? Or, by the taxpayer personally, outside of employment? Are they removing it or allowing it to be for 2022?

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