what should i do if my husband had excess HSA contributions for 2024, and he withdrew the excess in early 2025, but we dont have an amended 1099-SA yet

Forum|Forum|1 year ago
March 31, 2025
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MinhT1

You will not receive an amended 1099-SA.

Your withdrawal of excess contribution will be reported on your 2025 1099-SA with code 2 in box 3.

As you have withdrawn the excess before April 15, 2025, there is no penalty of 6%.

In TurboTax, when TurboTax tells you that there is an excess contribution, on the next screen, say that the excess has been withdrawn. There is no excise tax and form 5329 will not be populated.

[Edited 03/31/2025 | 1:17 PM PST]

@krista316

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NCPERSON1

@MinhT1 don't you have to report that you withdrew the excess on the 2024 tax return, otherwise, you'll get hit with the 6% penalty????

what is not clear is how @krista316 withdrew the excess. If as a request to the Administrator, then report it in 2024. If withdrawing it as if there were medical expenses, then it's part of 2025 tax return.