How frequently may an account beneficiary make rollover contributions to an HSA under section 223(f)(5)?
A-55. An account beneficiary may make only one rollover contribution to an HSA during a 1-year period. In addition, to qualify as a rollover, any amount paid or distributed from an HSA to an account beneficiary must be paid over to an HSA within 60 days after the date of receipt of the payment or distribution. But see Q&A 78 regarding trustee’s or custodian’s obligation to accept rollovers. See also Notice 2004-2, Q&A 23 for additional rules on rollovers.
Related Questions
- Is a deduction under section 223(a) for contributions to a self-employed individual’s own HSA taken into account in determining net earnings from self-employment under section 1402(a)?
- May an HSA trust or custodial agreement restrict the account beneficiary’s ability to rollover amounts from that HSA?
- How frequently may an account beneficiary make rollover contributions to an HSA under section 223(f)(5)?
