How To Enter Line 25 Hsa In Turbo Tax

The person who posted this question about TurboTax did not include a detailed explanation. Please use the "Request More Information" button to the right if more details would help you to answer this question.

I Know the Answer!

I have the same question
Request More Information

Current Answers

Answer #1: Posted by BusterDoogen on March 17th, 2014 9:15 AM

This answer was accepted by the poster of the original question.

BusterDoogen

Member since:
October 30th, 2011

Points: 28,565,407

1,100
points

You are not required to enter any information from form 5498-SA. This form is used by the bank that handles your HSA account to report to IRS what contribution and distributions you have had during the year, and you get a copy for your records too. If your HSA is handled through your employer then your contributions made by you and your employer is reflected on your W2. This shows as Code W, in Box 12. If you made contributions through your employer then your taxable income in Box 1 on the W2 has been reduced by that amount. When you begin using the money in your HSA account for medical expenses you will receive a 1099-SA at the end of the year and this information would be reported under Wages and Income, but be aware that if you used all the money for medical expenses then none of it will show up on your tax return as taxable. I hope that answers your question and gives you a bit more info.

I hope this is helpful to you!

Please respond to my effort to provide you with the best possible solution by using the "Acceptable Solution" and/or the "Helpful" buttons when the answer has proven to be helpful. Please feel free to submit further info for your question, if a solution was not provided. I appreciate the opportunity to serve you.

TurboTax Knowledge Base Results

We have determined that the information below may contain an answer to this question. If you find an answer, please remember to return to this page and add it here using the "I KNOW THE ANSWER!" button above. It's that easy to earn points!

Maine Reject 1149: Line 26 must equal line 23 minus line 24 minus line 25 - TurboTax® Support
...;/r></guides> tm="personal taxes, pin, what is on line 26 is not supposed to verify your identity for your identity by entering either a personal identification number (PIN), or...rk="9" ME Reject 1149: Line 26 must equal line 23 minus line 24 minus line 25 Maine Reject 1149: Line 26 must equal line 23 minus line 24 minus line 25 Updated: 3/05/2010 Article ID: 8013...
WI Reject 0964: Schedule OS - TurboTax® Support
..." This reject message has now been updated to the following: Schedule OS Part 1, Line 22, Total Income Taxed by other State, must equal Fields 450, 490, 530, 570 respectively, else reject. ... Schedule OS Fields 138, 238, 338, 438 must equal to Schedule OS Part II, Line 25, Total income taxed by the other state before retransmitting to amend, amend" This is not Generating for...
How is TurboTax calculating line 13 (HSA deduction) on Form 8889? - TurboTax® Support
...; How is entering the larger of the two lines. HSA deduction. Enter the smaller of $250 from your 2009 tax return." However, TurboTax is TurboTax calculating line 13 (HSA deduction) on ...line 25, or Form 1040NR, line 25. tm="do you need to amend due to amend your 2009 tax return, TurboTax might have received a payment of line 2 or line 12 here and on Form 5329, line...