How are my employer’s contributions reported? Your employer’s HSA contributions are reported on your W2 and included as part of the total account contributions listed on form 5498-SA.

Why are my HSA contributions showing as employer contributions?

The most likely reason that excess contributions are showing is because the HSA interview has not been completed. The IRS assumes that contributions are taxable until a properly completed form 8889 is attached to the return. TurboTax completes form 8889 only at the end of the HSA interview.

Where does the money go on form 5498-sa?

Note that if you made a qualified funding distribution (IRA to HSA transfer), this amount is reflected in Box 2 of Form 5498-SA. That amount will also need to go in Line 10 of Form 8889. Form 5498-SA is a fairly simple form but may change from year to year depending on IRS rules and regulations.

What is the balance on HSA form 5498-sa?

They did this by contributing $3,000 during the year (note: this $3,000 may include employer contributions), and in the following year (before April 15th) made a $350 prior year contribution. They also transferred $100 from another HSA (not counted as a contribution) and their year end balance of their HSA was $10,000. Boxes on Form 5498-SA

Is the W2 match on my HSA 5498?

I have yet to get my 5498 form from my HSA for 2019, but from my calculation, my W2 will not match it. It appears my employer reports only the employee contribution and not the employer contribution with it. My 5498 form obviously captures both my employee and employer contribution.

Do you need to file Medicare Advantage form 5498-sa?

If you are the trustee or custodian of a Health Savings Account (HSA), Archer Medical Savings Account (Archer MSA), or Medicare Advantage MSA (MA MSA) file this form for each person for whom you maintained an HSA, Archer MSA, or MA MSA. A separate form is required for each type of plan.