Form 1099-SA

Form 1099-SA


Tax Slayer entry:

Federal Section > Deductions > Adjustments > Health Savings Account (Form 8889)

  • Distribution amount is entered on Form 8889 Part II.
  • See the HSA resource page for more information.

Box 1:

  • Any distributions more than the medical expenses paid will incur a 20% penalty that will appear on Form 1040 line 60 – “Taxes from … HSA”.

Box 2:

  • If excess contributions to the plan were made and subsequently removed, any amount in box 2 should be reported as Interest Income.
  • If excess contributions to the plan were not removed, the return is  OUT OF SCOPE .

Box 4:

  • If the HSA owner (may not be the recipient) is deceased, the return is  OUT OF SCOPE .