HSA Excess Contribution, Negative Earnings on Excess
twinklelalala
Member Posts: 2 Newcomer
Hi,
In 2024, I overcontributed $400 to my HSA. I'm filling out the excess removal form, and I calculated the net income attribute to be -$20. This means the money returned to me from my HSA will only be $380.
How do I correctly show this on my tax return? So far I have…
Will [name] withdraw part or all of [name]'s 2024 excess contributions by April 15, 2025? → Yes
Enter the amount of 2024 excess contributions of $400 that will be withdrawn or meet the conditions above: → $400
Enter the excess earnings for these contributions in miscellaneous income on the Other Sources of Income screen. → Do I go to the miscellaneous section and enter "-$20" here?
Thank you!
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