What is IRS Form 1099-SA?
Form 1099-SA is required if you have had distributions from an HSA or MSA. A Health Savings Account or a Medical Savings Account is an account into which you pay to defray potential future medical expenses. If you have no such expenses, the money may be returned to you at the end of the year, or you may roll it over. If you choose to accept the distribution, you must file this form. Do not file the red copy of this form, as it cannot be scanned. This may lead to a fine from the IRS.
