Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are contributions made by a partnership, LLC, or S-Corp to its owners handled differently than employee contributions?

April 26, 2017contributions employee handled LLC owners partnership s-corp

0

Posted

Are contributions made by a partnership, LLC, or S-Corp to its owners handled differently than employee contributions?

1 Answer

0

Posted

Yes. These contributions are treated as distributions to the owners that are taxable income. The recipient can take an HSA deduction from his or her personal tax return.