Which 1040 form to list HSA distribution?

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Subject Author Date Which 1040 form to list HSA distribution? Cal Evans 01-30-2007  Re: Which 1040 form to list HSA distribution? cballard@tyyni.net 01-31-2007
Posted by Cal Evans on January 30, 2007, 12:09 pm Please log in for more thread options After filling out the bottom part of a Form 8889, I looked at both the 1040A and 1040 and can only find a line on the 1040 for HSA contributions/deductions. There is nothing under the "income" sections to list an HSA distribution. Should I just declare it on the 1040 as "other income"? << ======================================================= >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Posted by cballard@tyyni.net on January 31, 2007, 5:31 pm Please log in for more thread options > After filling out the bottom part of a Form 8889, I looked > at both the 1040A and 1040 and can only find a line on the > 1040 for HSA contributions/deductions. There is nothing > under the "income" sections to list an HSA distribution. > Should I just declare it on the 1040 as "other income"? If all of the HSA distributions were for qualified medical expenses, then the distribution gets reported on line 12a of Form 8889 and nowhere else--it's not taxable income. If you received distributions from the HSA that were not for qualified medical expenses and that were not rolled over to another HSA, that distribution amount will appear on line 14 of Form 8889. These distributions are taxable income and this number is then carried over to line 21 on Form 1040 (write the letters "HSA" on the line next to the entry). In this case, you might also be subject to an additional 10% penalty on the distribution, calculated on line 15b of Form 8889, which is then carried over to line 63 of Form 1040. --Chris << ======================================================= >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2006) - All rights reserved. >> << ======================================================= >> Similar Threads Posted Anyone on this list deal with looking over a form 5500? September 16, 2007, 8:53 pm 2006 Form 1040 returned May 31, 2007, 12:58 am Form 1040 mailing label change February 18, 2008, 7:09 pm Under age Rollover to Roth IRA, how do I show that on the 1040 form March 2, 2009, 1:03 am Form 1040X to reclaim 10% early distribution penalty April 16, 2009, 8:38 pm Can I file 1040 as an amended tax form after I file a 1040A? August 24, 2009, 1:18 pm list of Board of Directors 501(c) May 31, 2007, 12:58 am site to list historical prices for many securities May 21, 2008, 3:31 pm IRS Invites Public Comments on Items That Should Be Included in 2009-2010 Guidance Priority List May 6, 2009, 2:00 pm IRS follies: form 56 fiduciary vs. form 8822 change of address April 21, 2008, 9:54 pm