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Form 8889 online DE: What You Should Know
The contributions to and distributions from the HSA and the HSA's qualified organization can be reported on Form 1040 line 20. Form 8889, Health Savings Account (HSA) — IRS July 9, 2023 — HSA: a. Health Savings Account (HSA) Contribution Amount: a.1 If you are a U.S. citizen or resident, file Form 8889. a.2 If you are not a citizen or resident, report the amount of the HSA on the HSA line of your Form 1040. b. Health Savings Account (HSA) Disposal Amount or Amounts Required to Be Reported: If you have not made any contributions to an HSA, make the contribution for the year you begin to withdraw money from the HSA and deduct the amount on line 5a of Form 1040, Part II. If you withdraw money from the account, report the withdrawal on line 13a of Form 1040 line 26 (as described in instructions for Form 1040, line 26). c. Qualified Organization: a. An organization of employees, the members of an eligible organization, or a person to whom you direct any of your HSA contributions. This includes your employer or your employer's representative. b. Organization Qualified: A. Qualified Organization: Does not include the proceeds of a sale of an interest in real property or a partnership interest that is qualified property if the proceeds from the sale will be used to purchase real property or a partnership interest that is qualified property. b. Proportionate Share: Your employee is qualified to participate in the qualified organization. c. Eligible Organization: Does not include a trust. d. Eligible Employee: The employee is a qualified member of the qualified organization. e. Qualified Employee: An eligible employee may be: (1) A spouse, a de facto spouse, unmarried partner, former spouse, a former unmarried partner of a former spouse, head of a household. (2) A head of household at least 65 years of age who is not separated from his or her spouse. f.
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