5498 Sa Tax Form

Form 5498 sa is a statement of contributions. Form 5498 sa is required to be filed by trustees or custodians of hsa s archer msa s or ma msa s for by may 31st.

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Form 5498 sa is filed by trustees or custodians for each person for whom they maintained an hsa archer msa or ma msa.

5498 sa tax form. If you have questions about reporting on form 5498 sa call the information reporting customer service site toll free at 866 455 7438 or 304 263 8700 not toll free. In addition form 5498 sa must be filed to report any rollover qualified hsa funding distributions trustee to trustee transfers from an ira to an hsa under section 408 d 9 contributions to the hsa subsequently closed by the trustee or custodian. Form 5498 sa reports contributions to your health savings account hsa archer msa or medicare advantage msa.

Each year hsa providers are required to send a copy of form 5498 sa to all hsa accountholders unless the accountholder took all the funds out of their hsa that year and didn t make any contributions. Your account custodian sends it to you for informational purposes only. Click herefor the form 5498 sa instructions.

View solution in original post. See the specific instructions for form 5498 sa later. Information about form 5498 sa hsa archer msa or medicare advantage msa information including recent updates related forms and instructions on how to file.

Persons with a hearing or speech disability with access to tty tdd equipment can call 304 579 4827 not toll free. You don t enter this form into turbotax. We recommend that you keep it with your tax return records.

The 5498 sa tax form is typically referred to as 5498 for short and is a government document. Form 5498 sa is sent out at the end of august for 2020 only typically the form is sent out at the beginning of june. File form 5498 sa hsa archer msa or medicare advantage msa information with the irs on or before june 1 2020 for each person for whom you maintained a health savings account hsa archer medical savings account archer msa or medicare advantage msa ma msa during 2019.

It provides the official accounting of your hsa for the year and documents. It is provided by your hsa trustee or custodian and the irs requires it be sent to you each year that you make contributions to your hsa. You don t actually enter it directly.

What is a 5498 sa tax form. Lacerte does not have direct inputs for each of these boxes please refer to the form instructions for more information. 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.

Form 5498 sa is an informational tax form related to health savings accounts. The 5498 sa is for your information only. This form as fidelity investments explains summarizes contributions to and the fair market value of your health savings account.

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