Question

Turbo Tax is telling me I need to upgrade to Turbo Tax Deluxe due to form 5329. I believe this form is due to answering yes to HSA contributions. I didn't have any

Forum|Forum|5 years ago
March 14, 2021
1 reply
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I had no HSA contributions in 2020, but cannot find where to change my answer about the contributions to HSA

TurboTax Free Edition Online

Form 5329 is not needed to report contributions to an HSA. Did you have distributions from your HSA? If you did, and you didn't indicate that the funds were used to pay for qualified medical expenses, then they would be taxable and you would need Form 5329. It is also used to report additional taxes on IRAs, other qualified retirement plans, modified endowment contracts, Coverdell ESAs, QTPs, Archer MSAs, in addition to HSAs. Is it possible you need Form,5329 for one of these?

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