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Instructions for Forms 1099-SA and 5498-SA (2025) If a regular contribution is made to the HSA that is closed, and a distribution is made to the participant, enter the gross distribution in box 1 If no earnings are distributed, enter zero in box 2
What Does 1099-SA Code 1 Mean for Your Taxes? A “Code 1” in this box specifically indicates a normal distribution, meaning the withdrawal was taken under standard conditions Seeing Code 1 does not automatically mean the distribution is tax-free; it simply classifies the withdrawal as a standard one
What Is IRS Form 1099-SA: Distributions from an HSA, Archer . . . - TurboTax Provided you only use the funds to pay qualified medical expenses, box 3 should show the distribution code No 1, which indicates normal tax-free distributions Earnings from investments in HSAs and MSAs are never taxed as long as withdrawals are spent on qualifying health expenses
What is HSA Distribution Code 1? | Understanding the Basics of HSA . . . HSA Distribution Code 1 is a crucial element for anyone utilizing a Health Savings Account It signifies that your distribution is categorized as 'Normal distributions', primarily used to cover qualifying medical expenses
Whats the correct 1099-SA Box 3 distribution code for HSA withdraw . . . Does anyone know what the different distribution codes mean for a 1099-SA and if code "1" is correct for qualified medical expenses? Thanks in advance for any help! The code "1" in Box 3 of your 1099-SA is correct for qualified medical expenses, so you're all set!
My 1099-SA box 3 has code 1. The correct option is 2, yes? 1 . . . - Intuit You'll need to sign in or create an account to connect with an expert If your 1099-SA funds are reported as a normal distribution with Code 1 in Box 3, and if you have no excess contributions to withdraw, then selecting one of the options from what you shared in your question would not be correct
HSA Distribution Codes on Form 1099-SA Explained Code 1 is the most common and is used for any normal distribution paid to you or directly to a medical provider This code is a default category used when no other specific circumstance applies
Understanding Distribution Code 1 in HSA: What Does It Mean? Distribution code 1 in an HSA refers to a normal distribution This means that the distribution is being made for qualified medical expenses, which is typically the primary purpose of an HSA
Understanding HSA Tax Forms - Insurance Is Boring Most HSA distributions are "normal" or "code 1" distributions This includes distributions for eligible medical expenses (a doctor visit) and most non-eligible medical expenses (a car muffler)