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How is HSA activity reported for tax purposes?

April 26, 2017activity HSA purposes reported tax

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How is HSA activity reported for tax purposes?

1 Answer

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The trustee/custodian of the account provides you and the IRS with IRS Form 5498-SA reporting all contributions to the account and IRS Form 1099-SA reporting distributions from the account. Tax-free contributions are reported on your W-2. Use these documents to complete IRS Form 8889, which is submitted with your Federal tax return.