Reporting Health Savings Account Distributions: Complete Guide to IRS Form 1099-SA

Download an official IRS 1099-SA: https://eforms.com/irs/form-1099/sa/

A 1099-SA 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 1099-SA with the IRS and furnishing a copy to the account beneficiary.

In this video we cover:
- Who gets a 1099-SA
- How it’s used
- 1099-SA vs. 5498-SA
- Filing deadlines

DISCLAIMER:
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 1099-SA?
1:10 Using form 1099-SA
1:28 What are qualified medical expenses?
1:46 1099-SA vs. 5498-SA
2:07 HSA, Archer HSA and, MA SA
2:22 Filing Deadlines
2:38 Steps to filing
3:02 Conclusion

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