Client says she contributes to an HSA, on her own, not through her multiple employers. She called Fidelity and set it up. She is not self employed. I have never heard of HSA without employer participation. ???
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"I have never heard of HSA without employer participation."
It's definitely allowed, if maybe not common. A Form 5498-SA should show the contribution amount. This is why Form 8889 has two lines to show contributions:- one for amounts that went through the hands of the employer (regardless of whether an employee deduction or fringe benefit), and
- one for those that were directly made by the individual.
"You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard -
I wonder if Fidelity required proof that she has high deductible insurance?"Dude, you are correct" Rapid RobertComment
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You need to be sure she has a qualified HDHP, and not just a plan with a high deductible. Details are in the pub, and of course, the regs. If it doesn’t meet all the requirements for a qualified HDHP, she has excess contributions.Comment
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That is what line 13 of Schedule 1 is for.Comment
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