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Entering HSA Contributions for Form 8889 in ProSeries
by Intuit•3• Updated 4 months ago
This article will help you:
- Understand the flow of Health Savings Account (HSA) information throughout your client’s return
- Understand how to enter HSA information in Intuit ProSeries
If HSA contributions we're on the W-2:
- Open the W-2 Worksheet.
- Enter the contributions made through the employer on box 12 with a code W.
- Press F6 to bring up Open Forms.
- Type 8889, select the copy for the taxpayer or spouse and select OK.
- In the Line 3 Smart Worksheet fill in the information about the type of plan.
- Enter any contributions not paid through the employer on line 2. Don't duplicate amounts already shown on the W-2.
- HSA Distributions entered on 1099-SA flow to Form 8889 Line 14a.
- If the taxpayer contributed too much to the HSA, the excess contribution flows to Form 5329 Lines 47 and 48.
- For more information about Form 8889, go to the Form 8889 Instructions.
If HSA contributions we're not on the W-2:
- Press F6 on your keyboard 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.
- HSA Distributions entered on 1099-SA flow to Form 8889 Line 14a
- If the taxpayer contributed too much to the HSA, the excess contribution flows to Form 5329 Lines 47 and 48.
- For more information about Form 8889, go to the Form 8889 Instructions.
If there is an excess HSA contribution, the Fair Market Value from the 5498-SA needs to be entered on Form 5329 HSA Value Smart Worksheet.