| Author | Message | ||
     Last_avataar Comedian Username: Last_avataar Post Number: 1884 Registered: 09-2012 Posted From: 12.10.219.224 Rating: N/A |
Bank should be aware of the type of authorizations from VISA, as only allowed transactions are authorized. There is no way for bank to say that they are not aware of our medical transactions I have been doing this for last 4 years without any questions Distrinutions means not that medical expenses you paid using card | ||
| Pawanism Comedian Username: Pawanism Post Number: 1512 Registered: 04-2013 Posted From: 24.21.141.236 Rating: N/A |
You should call your Bank about that. You should receive 1099-SA if you pay the medical bills using your HSA card. I believe your bank won't generate 1099-SA and they might be not aware of it. Karige loga ee kshanam... Gadipeyali ee Jeevitham... | ||
| Pawanism Comedian Username: Pawanism Post Number: 1511 Registered: 04-2013 Posted From: 24.21.141.236 Rating: N/A |
Yes, That is correct. Distributions are not taxable unless if they are used for personal expenses other than Medical. Karige loga ee kshanam... Gadipeyali ee Jeevitham... | ||
| Last_avataar Comedian Username: Last_avataar Post Number: 1881 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
These distridutions cannot be taxable as the person used for valid expenses they are 100% non-taxable what is the use of not taxing it before and when you use taxing it Out of 5000, last yeat i have used 2000+ as medical exp did not show that amount as distribution return accepted as is , and i have been doing this from last 4 years | ||
| Pawanism Comedian Username: Pawanism Post Number: 1510 Registered: 04-2013 Posted From: 24.21.141.236 Rating: N/A |
It looks like you went to hospital and paid(distribution) $2000.00 using HSA card for medical expenses. You won't get 1099-SA if you don;t spend that amount. Cross check your account and call the Bank or Credit union which is holding your HSA account about the $2000.00 distribution amount. Karige loga ee kshanam... Gadipeyali ee Jeevitham... | ||
| Last_avataar Comedian Username: Last_avataar Post Number: 1877 Registered: 09-2012 Posted From: 12.10.219.227 Rating: N/A |
nenu tax act chesanu. Looks like it has little issues keep zero for all the distrinutions you have received then it will automatically take out the taced amoount | ||
| Sodi Junior Artist Username: Sodi Post Number: 239 Registered: 01-2014 Posted From: 72.64.169.152 Rating: N/A |
oka saari mee HSA provider ki call chesi adagandi i am on HSA, never saw the money indistribution akkada meeku 3k vundali adi meeru tax act lo I used it for medical anagane pakki tosestadu i also use TaxAct | ||
| Amigo Side Hero Username: Amigo Post Number: 2474 Registered: 05-2011 Posted From: 68.196.100.133 Rating: N/A |
right this is what taxact says..but what I thought in the beginning when I signed was that...when all money was not used up..the remaining would be rolled over and I can use it for qualified med expenses next year. not sure why it says distributed....it is not like they cut me a check | ||
| Manthri Junior Artist Username: Manthri Post Number: 146 Registered: 02-2013 Posted From: 50.155.250.156 Rating: N/A |
taxact asks: if all your distributions money is used for qualified medical expenses, then its not taxable. Whatever is not used, then its taxable. Please go through each screen carefully. | ||
| Amigo Side Hero Username: Amigo Post Number: 2473 Registered: 05-2011 Posted From: 68.196.100.133 Rating: N/A |
ante my whole year HSA contributions 5K. I used 3K for qualified medical expenses. So they gave me 1099 with difference as distribution | ||
| Amigo Side Hero Username: Amigo Post Number: 2472 Registered: 05-2011 Posted From: 68.196.100.133 Rating: N/A |
adhenti...asalu form 8889 fill cheyyakkarledha? | ||
| Amigo Side Hero Username: Amigo Post Number: 2471 Registered: 05-2011 Posted From: 68.196.100.133 Rating: N/A |
adhe ardham avvatam ledhu.....ekkado wrong step padinatlu undhi | ||
| Sodi Junior Artist Username: Sodi Post Number: 237 Registered: 01-2014 Posted From: 72.64.169.152 Rating: N/A |
assalu 2000 gross distribution kinda ela ichhadu? | ||
| Maverick Legend Username: Maverick Post Number: 49508 Registered: 01-2008 Posted From: 70.39.231.189 Rating: N/A |
you dont have to..taxact could be wrong. and u just mention about hsa. u should not take out 5k again from your agi | ||
| Amigo Side Hero Username: Amigo Post Number: 2469 Registered: 05-2011 Posted From: 68.196.100.133 Rating: N/A |
I see. Is this the case even when you get a 1099SA, which has 2000 as gross distribution? Taxact is adding to tax for this amount in my case. | ||
| Sodi Junior Artist Username: Sodi Post Number: 234 Registered: 01-2014 Posted From: 72.64.169.152 Rating: N/A |
HSA is noting but a 401k . the money is pretax and you do not pay tax it carries over. as long as you use it for medical bills you do not pay tax | ||
| Amigo Side Hero Username: Amigo Post Number: 2467 Registered: 05-2011 Posted From: 68.196.100.133 Rating: N/A |
so ippudu 2K ki tax kattakkarledha? | ||
| Uppu Side Hero Username: Uppu Post Number: 7039 Registered: 11-2007 Posted From: 76.21.86.19 Rating: N/A |
yes it will go to next year 'Poverty is a state of mind' - Rahul Gandhi. Future of India Rahul  | ||
| Amigo Side Hero Username: Amigo Post Number: 2466 Registered: 05-2011 Posted From: 68.196.100.133 Rating: N/A |
Last year ma company lo HSA start chesaru. For e.g, calender year lo 5K USD HSA account lo vesthe, if we used 3K, migilina 2K ki tas kattala? It came distribution in 1099SA I thought that 2000 will go to next year and we can use for medical expenses following year. |
