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Entering Form 5498-SA in ProSeries
by Intuit•1• Updated 6 months ago
ProSeries does not have a dedicated 5498-SA worksheet. Information from the 5498-SA may be needed to complete Form 8853, Archer MSA's and Long-term Care Insurance Contracts or Form 8889, Health Savings Accounts (HSAs).
For Medical Savings Account MSA:
- If the MSA Contributions were made through the employer, they should be shown on the W-2 Worksheet, box 12 with a code R. Make sure these account for the contributions on the 5498-SA.
- If the MSA Contributions we're made by the taxpayer/spouse outside their employer:
- Press F6 to bring up Open Forms.
- Type 8853 and select OK.
- Scroll down to the Part 1 Smart Worksheet.
- Select the QuickZoom to limitations worksheet.
- Complete the MSA information and enter the contributions on line 1.
- For more information about Form 8853, go to the Form 8853 Instructions.
For Health Savings Account HSA:
- If the HSA Contributions were made through the employer, they should be shown on the W-2 Worksheet, box 12 with a code W. Make sure these account for the contributions on the 5498-SA.
- If the HSA Contributions we're made by the taxpayer/spouse outside their employer:
- Press F6 to bring up Open Forms.
- Type 8889 and select OK.
- In the Line 3 Smart Worksheet fill in the information about the type of plan.
- Enter the contributions on line 2.
- For more information about Form 8889, go to the Form 8889 Instructions.
For more information about the Forms 1099-SA and 5498-SA, see Instructions for Forms 1099-SA and 5498-SA
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