Question

MY 1099S

Forum|Forum|2 years ago
March 3, 2024
1 reply
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I HAVE AN HSA ACCOUNT FROM A JOB I AM NO LONGER EMPLOYED WITH. BUT I STILL MAKE CONTRIBUTIONS TO THAT ACCOUNT. I DON'T HAVE HEALTH INSURANCE WITH MY CURRENT EMPLOYER BUT I AM ON MY SPOUSE HEALTH INSURANCE WHICH IS AN HDHP. I RECEIVED A 1099S FOR THAT HSA ACCOUNT. I FILE SEPARATE FROM MY SPOUSE, CAN I GET A DEDUCTION ON MY RETURN SINCE IM ON HIS INSURANCE?

Hal_Al

Employee

Being on his insurance does not prevent you from taking the HSA contribution deduction. Being on his HD plan qualifies you for the deduction.

Form 1099-S is for real estate sales. Form 1099-SA is issued for a distribution from an HSA or HRA, not contributions. The distribution is not taxable if the money was used to pay for medical expenses.

Why are you not filing a joint return with your spouse? Filing separately is seldom the right way to go.