Dear forum!
Here is the situation: Brother married and had chosen family coverage in a HDHP plan with HSA for January thru June. Wife then got another job and started insurance plan (not HDHP w/ HSA) as self-insured only at her job. Brother then switched coverage from July-Dec as self-only coverage in the same HDHP w/ HSA plan.
Contribution on W2, box 12W was $1792.50 ($480 taken from paychecks, $1312.50 employer contribution for the year).
Questions: Brother and his wife are married, filing taxes jointly. Do I fill out a separate Form 8889 for each of them? They don't have separate HSA accts (only HSA was what was contributed to the plan while they were on a family plan together for the first 6 months), so I am assuming one form for both will be good...correct?
But then Part I, 1-should it be self or family coverage (for each, if filing separate forms, or both?). What to put on lines 3 and 6? For line 3-he was considered an eligible individual on the first day of the last month of the tax year, but she wasn't...so if I use the Limitation chart n WS to calculate the amt then I get two different amounts for each of them-how would that work if I'm filling only one form 8889? Agh! :wallbang:
I keep reading and re-reading the instructions :wallbang:, but his particular situation is not listed as an example...since the wife doesn't continue having another HSA acct at her other job...:confused:
Thank you for any and all help!
Here is the situation: Brother married and had chosen family coverage in a HDHP plan with HSA for January thru June. Wife then got another job and started insurance plan (not HDHP w/ HSA) as self-insured only at her job. Brother then switched coverage from July-Dec as self-only coverage in the same HDHP w/ HSA plan.
Contribution on W2, box 12W was $1792.50 ($480 taken from paychecks, $1312.50 employer contribution for the year).
Questions: Brother and his wife are married, filing taxes jointly. Do I fill out a separate Form 8889 for each of them? They don't have separate HSA accts (only HSA was what was contributed to the plan while they were on a family plan together for the first 6 months), so I am assuming one form for both will be good...correct?
But then Part I, 1-should it be self or family coverage (for each, if filing separate forms, or both?). What to put on lines 3 and 6? For line 3-he was considered an eligible individual on the first day of the last month of the tax year, but she wasn't...so if I use the Limitation chart n WS to calculate the amt then I get two different amounts for each of them-how would that work if I'm filling only one form 8889? Agh! :wallbang:
I keep reading and re-reading the instructions :wallbang:, but his particular situation is not listed as an example...since the wife doesn't continue having another HSA acct at her other job...:confused:
Thank you for any and all help!
Federal Taxes: Reporting Health Savings Account Activity, IRS Form 8889
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