The W code on the W-2 for the HSA includes both employer and employee contributions; can I ignore it and put correct breakdown amounts on form 8889?

Forum|Forum|6 years ago
December 7, 2019
10 replies
68 views

If I input the W-2 information directly to my client's account, then the amount in Box 12 coded with W will put the full amount on form 8889 as being just the employer's contribution even though most of it was the employee's deduction.

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Best answer by Just-Lisa-Now-

No, you only input the W2, you don't enter that figure anywhere else.

The employer paid it all IN, it doesn't matter if it was employer or employee contributions.

Just-Lisa-Now-

Answer

Intuit Community Champion

No, you only input the W2, you don't enter that figure anywhere else.

The employer paid it all IN, it doesn't matter if it was employer or employee contributions.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

H

hamphamp

Level 2

I disagree. If it all is posted under the Code W the employee is not afforded the income reduction. My customers tell me it is their contribution and is only withheld by the employer and forwarded to the Trustee for the employee

T

TaxGuyBill

@hamphamp wrote:
I disagree. If it all is posted under the Code W the employee is not afforded the income reduction. My customers tell me it is their contribution and is only withheld by the employer and forwarded to the Trustee for the employee

It is all required to be under Code W. The employer should have already reduced Box 1 (and in most cases boxes 3 and 5) of the W-2 by the employee contribution.