rxrebelParticipantStatus: PharmacistPosts: 1Joined: 02/07/2019
I have a potential problem I just realized.
When I first signed up and started my HSA account I did it with HSA bank in 2015. I didn’t fund it for the first time until February of 2016 for what was supposed to be for the 2015 tax year. I was unfamiliar with the website and what I was doing in general so when I contributed in Feb of 2016 I meant to fund for the tax year 2015. Later in 2016 I also contributed for that year. Basically what I have is double the allowed contribution for 2016 and $0 for the year of 2015.
I know this a form to fill out if you overfund your account but this was more of a clerical error. Hoping for some direction, but realize I may need to speak with a tax specialist or accountantFebruary 7, 2019 at 11:30 am MST #188972jfoxcpacfpModeratorStatus: Financial Advisor, Accountant, Small Business OwnerPosts: 7797Joined: 01/09/2016
Good news – you’re ok. Just contact HSA Bank and let them know that the 2/16 contribution was for the 2015 tax year and you clicked on the wrong box. You had until 4/17/18 to contribute for 2015 so you contributed on a timely basis. I had this problem once except I chose the right box and Optum recorded the wrong year. I tried to get it straightened out and they told me it was but I never got a corrected form. Strangely, I never heard from the IRS, either, so maybe they only corrected on that end.February 7, 2019 at 11:33 am MST #188979
Did you mean 4/18/16?February 7, 2019 at 6:36 pm MST #189104February 7, 2019 at 6:41 pm MST #189106jfoxcpacfpModeratorStatus: Financial Advisor, Accountant, Small Business OwnerPosts: 7797Joined: 01/09/2016
Did you mean 4/18/16?Click to expand…
Will definitely take your word for it. I didn’t look it up, just knew it was at least 4/17.February 7, 2019 at 8:31 pm MST #189148