ETax847 Posted June 3, 2020 Report Posted June 3, 2020 I'm amending a new client's 2018 tax return as her previous tax preparer considered her HSA distribution as taxable income plus a 20% penalty. In doing this amendment, should I include a transaction summary for the qualified medical expenses for the HSA distribution or is that not needed? Thanks! Quote
Abby Normal Posted June 3, 2020 Report Posted June 3, 2020 Not needed. The IRS will not question it. This is what happens when you only know to enter 1099's and don't understand the implications. 2 Quote
ETax847 Posted June 4, 2020 Author Report Posted June 4, 2020 Thanks Abby. As always, I greatly appreciate your help. 1 Quote
ILLMAS Posted June 4, 2020 Report Posted June 4, 2020 Why do people when they quit their job cash out their HSA? 1 Quote
Catherine Posted June 5, 2020 Report Posted June 5, 2020 On 6/4/2020 at 10:52 AM, ILLMAS said: Why do people when they quit their job cash out their HSA? You could as accurately have ended that comment after the word "people," my friend! 2 Quote
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