I am getting an error for "Excess withdrawn after the end of the year" under HSA. I have entered a zero as I had none, and no over contributions either. Can anyone help?
I am getting an error for "Excess withdrawn after the end of the year" under HSA. I have entered a zero as I had none, and no over contributions either. Can anyone help?
Excess HSA funds that were withdrawn would be listed on a Form 1099-SA as a distribution, in Box 1, for the tax year in which the distribution was taken. Earnings on excess contributions withdrawn will be in Box 2 and included in Box 1.
I recommend revisiting the HSA entry screens to make sure the excess contribution wasn't due to an entry error. Here's how:
Answer the questions until you get to the Let's enter your HSA contributions screen
Make sure you didn't accidentally re-enter the amount already listed (from box 12 of your W-2) as this will incorrectly double your total contribution amount
Continue through the HSA screens, making sure you answered all questions correctly
If you overfunded your HSA last year but withdrew the excess by the due date of your 2021 return, answer No to Did you overfund your HSA in 2021?
Click here for more detailed information regarding your HSA contributions.