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8853 or 8889 Form: What You Should Know

How can I report a distribution from an Archer MSA? — Affects Form 8889 — IRS The IRS allows you to make the first distribution on Form 8889 before you enter it into the 1040 tax return. If you are withdrawing money from an HSA to pay for medical expenses, make the first payment on Form 8809. The first payment must be from the account at the time of the distribution: Do not include a prior distribution and do not report an existing or subsequent distribution on a 1099-SA Form 8889. How do I determine if an HSA withdrawal is taxable? — TurboT ax The IRS offers the following tax information in Publication 539, Distributions From HSA (Health Savings Accounts): Distributions from HSA-Qualified Plans -HSA-QPP Distributions from HSA-Qualified Plans -HAPPY HSA-QPP can be useful if you receive distributions from an IRA that you are responsible for paying. The following is not included in the HSA-QPP for any distributions you receive under an HSA: (1) distributions from a Roth HSA (after the 6-year grace period) (2) distributions from a traditional HSA (after the 6-year grace period) (3) distributions from a Health Savings account (Has) or a Health Reimbursement account (HEAR), a health savings account (Has) or a health reimbursement account (HEAR) (4) distributions from an individual retirement plan (IRA) (5) distributions from any trust or custodial account established by you or a trust or custodial administrator under a plan if your contributions are not tax-deductible, and (6) the same distributions from any other retirement or savings account. However, you may have income or deductions such as self-employment income that you may want a 1099-B to report to help determine how much is taxable under the IRS's requirements. (See IRS Pub. 519 for more information.) What happens if my employer makes a distribution without my permission? You must first report the withdrawal on Form 8889, or Form 8853, if that Form applies. If you aren't sure if Form 8889 applies, check the box to report the withdrawal using Form 8889 in place of the Form 8769 to which your employer will report the withdrawal.

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