Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

I am filing HSA form 1099-SA...? Where's the subsequent form 5498-SA...? where do you enter 12/31/19 bal...?

Highlighted
 
Labels (1)
0 Cheers
1 Reply 1
Highlighted
Level 12

1099-SA is submitted to the account owner by the HSA brokerage or bank when there were funds distributed = money Out.

5498 is submitted to the account owner by the HSA brokerage or bank when there are funds contributed to the HSA = money In.

You might not have both events.

*******************************
"Level Up" is a gaming function, not a real life function.