Author Topic: 5498-SA Incorrect?  (Read 2629 times)

Kstatus

  • 5 O'Clock Shadow
  • *
  • Posts: 14
5498-SA Incorrect?
« on: February 26, 2017, 10:35:08 PM »
Hello All,

I am wondering if my 5498-SA is wrong?

In spring of 2016 I had made a deposit to my HSA for 2015 tax year in order to max it.

On my HSA website it clearly shows a $600 contribution in January of 2016 made for tax year 2015.

For my 2016 contributes it says that I contributed $3455.82 which I expected because I goofed up some of the auto-contribution amounts.

The weird thing is that my 5498-SA for 2016 says that total contributions are $4055.82.

Is this correct?  I thought that the contribution made for tax year 2015 would not be included in my 2016 contributions.

Thanks,
Kyle

MDM

  • Senior Mustachian
  • ********
  • Posts: 11493
Re: 5498-SA Incorrect?
« Reply #1 on: February 27, 2017, 01:48:56 AM »
It's correct.  E.g., see 2017 Instructions for Forms 1099-SA and 5498-SA - i1099sa.pdf:

Quote
Box 2. Total Contributions Made in 2017
Enter the total HSA or Archer MSA contributions made in 2017.
Include any contribution made in 2017 for 2016.

Also note Where do I enter Form 5498-SA? - TurboTax Support