Which 1040 form to list HSA distribution?


C

Cal Evans

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"?
 
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C

cballard

Cal Evans said:
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
 
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