Deleted
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Post by Deleted on Feb 2, 2015 10:04:25 GMT -5
is this money I use from my HSA to pay medical bills or money I take out for personal use? I did not receive a 1099-SA.
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bean29
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Post by bean29 on Feb 2, 2015 10:59:18 GMT -5
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taxref
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Post by taxref on Feb 2, 2015 23:41:20 GMT -5
"is this money I use from my HSA to pay medical bills or money I take out for personal use? I did not receive a 1099-SA."
I think you are asking if funds you take out of your HSA can be used for any purpose. The answer is using HSA withdrawals for non-medical purposes is not illegal, but it causes the withdrawals to be taxable income. If used for medical costs, the HSA withdrawals are tax free.
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Post by Deleted on Feb 3, 2015 8:14:15 GMT -5
"is this money I use from my HSA to pay medical bills or money I take out for personal use? I did not receive a 1099-SA." I think you are asking if funds you take out of your HSA can be used for any purpose. The answer is using HSA withdrawals for non-medical purposes is not illegal, but it causes the withdrawals to be taxable income. If used for medical costs, the HSA withdrawals are tax free. no, I'm saying I used funds in my HSA to pay medical bills. should I have received a 1099-SA? and does that get reported on form whatever on my taxes? |
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taxref
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Post by taxref on Feb 3, 2015 12:29:56 GMT -5
"no, I'm saying I used funds in my HSA to pay medical bills. should I have received a 1099-SA? and does that get reported on form whatever on my taxes?"
You should have received a 1099-SA for distributions from your HSA. You need to report the distributions on Form 8889, which you would include with your tax return.
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bean29
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Post by bean29 on Feb 3, 2015 12:36:28 GMT -5
Yes, and you could still get tax documents in the mail. I just got off the phone with the service I used to create my 1099-Int, 1099-MISC and W-2's and do my e-filings. They had until February 2nd this year to mail the documents to recipients.
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Deleted
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Post by Deleted on Feb 3, 2015 12:44:51 GMT -5
"no, I'm saying I used funds in my HSA to pay medical bills. should I have received a 1099-SA? and does that get reported on form whatever on my taxes?" You should have received a 1099-SA for distributions from your HSA. You need to report the distributions on Form 8889, which you would include with your tax return. I didn't get one last year either and can't find one on the web site. ugh! |
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