Question

tax error

Forum|Forum|6 years ago
May 11, 2020
1 reply
0 views

When turbo tax does the review for errors I get ..MSA Limits worksheet (untitled) line 2 must be entered. I cannot figure out what it is talking about or how to fix it

VictoriaD75

An MSA is a medical savings account.

Under the Deductions & Credits menu, confirm the following:

Expand the menu for Medical
Click Start/Revisit next to HSA, MSA Contributions
Confirm the account ownership and click Continue
Review the information on the screens that follow. Be sure not to report contributions that are already reported on your W-2.

You should have received a Form 1099-SA from the MSA provider indicating your disbursements.

In TurboTax, follow these steps:

Under the Federal menu, click on Deductions & Credits
Expand the menu for Medical
Click Start/Revisit next to HSA, MSA Contributions
When you get to the screen Did you use your MSA to pay for anything in 2019? Answer Yes.
Enter the information from your 1099-SA