Form 1099-SA Reporting

Forum|Forum|1 year ago
March 17, 2025
2 replies
17 views

Quick question: Taxpayer W-2 shows code W for $2880 for (HSA) Do I still need to report the 1099-SA gross distribution on his tax return?

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Best answer by abctax55

Yes.

The "W' on the W-2 is for contributions; which has nothing to do with distributions.

Well, I guess is sorta/kinda does since without some contributions along the way there couldn't BE any distributions 😉

abctax55Answer

Level 15

Yes.

The "W' on the W-2 is for contributions; which has nothing to do with distributions.

Well, I guess is sorta/kinda does since without some contributions along the way there couldn't BE any distributions 😉

HumanKind... Be Both

IRonMaN

Level 15

If you don't, the IRS will send a notice looking for tax since they don't know how the funds were used without it showing up on the client's return.

Slava Ukraini!

BobKamman

Level 15

@IRonMaN wrote:

If you don't, the IRS will send a notice looking for tax since they don't know how the funds were used without it showing up on the client's return.

That's the old IRS, grandpa. The new IRS doesn't have time for such foolishness.

F

fesemaguAuthor

Level 3

I thought as much. Thanks for your response.

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