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FORM 8889 HSA

Forum|Forum|6 years ago
April 15, 2020
7 replies
50 views

55 year old client had employer contributions of $7,000 ( BOX 12 CODE W)

Form 8889 is calculating an additional $1,000 as HSA deduction even though the client did not make the additional contribution as a catchup.

Is this right?

Any help would be appreciated

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

Are you sure its giving a $1000 deduction? When I put your scenario into a dummy file, I see that $1000 end up on Line 12 of the 8889, but it doesnt give any extra deduction anywhere.

Just-Lisa-Now-

Answer

Intuit Community Champion

Are you sure its giving a $1000 deduction? When I put your scenario into a dummy file, I see that $1000 end up on Line 12 of the 8889, but it doesnt give any extra deduction anywhere.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

TaxPandaCPA

Level 4

Hi Lisa,

I have the same issue. My cx's box# 12 has W code 3555, I entered all the forms in Proconnect and Turbotax, Turbotax recognizes that $ 3555 employer HSA contribution as taxable income, Proconnect did not. Is that mornal? Thanks!

Hope it helps. Thank you in advance for marking mine as your "BEST answer"!

M

mike9Author

Level 5

Thanks for responding Lisa

I see the problem I entered $7K on Line 2...oops my bad--hope I didn't waste your time ...

Thanks so much

Just-Lisa-Now-

Intuit Community Champion

Many people do the same thing! The form is confusing...you'd only enter something on Line 2 if the taxpayer made contributions outside of payroll...doesn't happen very often, but it can!

Youre welcome!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

M

mike9Author

Level 5

Yes the form is confusing . It took me several tries to get it right. Pro Series occasionally makes some programming errors ( example 1120 Contribution 10% vs 25% rule change) but most are "operator issues" 🙂

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