5498 Sa Form Turbotax

A separate form is required for each type of plan. View solution in original post.

How To File Hsa Tax Form 8889 Youtube

Hsa archer msa or medicare advantage msa information.

5498 sa form turbotax. You don t need to enter information from your form 5498 ira contribution information into turbotax like you do with a w 2 or 1099s. Form 5498 sa is a statement of contributions. Contributions to similar accounts such as archer medical savings accounts and medicare advantage msas will also warrant a form 5498 sa.

This form must be mailed to participants and the irs by may 31. Form 5498 sa reports contributions to your health savings account hsa archer msa or medicare advantage msa. For internal revenue service center.

You don t enter this form into turbotax. We recommend that you keep it with your tax return records. Your ira trustee or issuer not you is required to file this form with the irs usually by may 31.

In your case of employment contribution the amount shown on 5498 sa should have already been on your w2 so there s no need to enter it anywhere else. Actual prices are determined at the time of print or e file and are subject to change. Try for free pay when you file.

Ira contributions information reports your ira contributions to the irs. Form 5498 sa reports your annual contributions to these tax free accounts that you use to pay for medical expenses. You won t find this form in turbotax nor do you file it with your tax return.

Department of the treasury internal revenue service. Turbotax online and mobile pricing is based on your tax situation and varies by product. In most cases you ll find the information needed for your return on other paperwork such as a year end summary statement or a form 1099 r.

0 federal for simple tax returns 0 state 0 to file offer only available with turbotax free edition. The copy you receive in the mail is a copy for your records. If you are the trustee or custodian of a health savings account hsa archer medical savings account archer msa or medicare advantage msa ma msa file form 5498 sa for each person for whom you maintained an hsa archer msa or ma msa.

Offer may change or end at any time without notice. Your account custodian sends it to you for informational purposes only. Information reported on form 5498 is entered in several different places in turbotax when that information is needed but almost all of the time it s information that you already know.

You don t actually enter it directly. The amount of the ira contributions you made for the year whether by rollover from a 401 k or by directly writing a check. The 5498 sa is for your information only.

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