Author Topic: (Removed)  (Read 1468 times)

less4success

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(Removed)
« on: January 31, 2019, 04:48:08 PM »
(Removed)
« Last Edit: October 21, 2019, 01:55:19 PM by less4success »

walkwalkwalk

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Re: 1099-SA for HSA maintenance fee
« Reply #1 on: February 01, 2019, 08:54:32 AM »
That doesn't sound normal, usually the fees come out of the account itself and is not treated as a distribution. And yes, Fidelity sounds like it would work for you since you are treated it as a retirement account.

fi-me-to-the-moon

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Re: 1099-SA for HSA maintenance fee
« Reply #2 on: February 02, 2019, 02:16:15 PM »
Your provider should not be reporting administration fees as distributions.

https://www.irs.gov/pub/irs-pdf/p969.pdf
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HSA administration and maintenance fees withdrawn by the trustee aren’t reported as distributions from the HSA.

https://www.irs.gov/irb/2004-33_IRB
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Q-69. If administration and account maintenance fees (e.g., flat administrative fees) are withdrawn from the HSA, are the withdrawn amounts treated as taxable distributions to the account beneficiary?

A-69. No. Amounts withdrawn from an HSA for administration and account maintenance fees will not be treated as a taxable distribution and will not be included in the account beneficiary’s gross income.

wbranch

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Re: 1099-SA for HSA maintenance fee
« Reply #3 on: February 19, 2019, 12:12:47 PM »
Wow - what a pain and terrible setup for a HSA. Have you had any health care expenses that you have not pulled $$ out for? If total fees were $50 and I had at least $50 of healthcare expenses that were not put through the HSA yet, I would just count them towards that. Maybe that wouldn't be 100% right, but that sort of setup defeats the whole purpose of the plan.

wbranch

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Re: 1099-SA for HSA maintenance fee
« Reply #4 on: February 19, 2019, 07:33:44 PM »
I guess at $3 I might just pay it as well. If it was over $10 I might work a little harder to figure something out.