Download an official IRS 1099SA: https://eforms.com/irs/form1099/sa/
A 1099SA form is an IRS tax document that reports distributions made from a health savings account (HSA), Archer medical savings account (Archer MSA), or Medicare Advantage MSA (MA MSA). The trustee or custodian of the savings account is responsible for filing Form 1099SA with the IRS and furnishing a copy to the account beneficiary.
In this video we cover:
Who gets a 1099SA
How it’s used
1099SA vs. 5498SA
Filing deadlines
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This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
#healthsavingsaccount #taxseason #taxfiling #irsform1099SA #healthcareexpenses
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0:00 Intro
0:34 Who gets a 1099SA?
1:10 Using form 1099SA
1:28 What are qualified medical expenses?
1:46 1099SA vs. 5498SA
2:07 HSA, Archer HSA and, MA SA
2:22 Filing Deadlines
2:38 Steps to filing
3:02 Conclusion