Monday, December 19, 2016

Funding a Health Savings Account (HSA)

You can make a one time nontaxable transfer of funds from your IRA to your HSA. It has to be made directly by the trustee of the IRA to the HSA. On the tax return you report the IRA distribution on line 15a and 0 (the taxable part) on line 15b and write HFD next to line 15b.

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