Understanding IRS Form 1099-SA: Distributions From an HSA, Archer MSA, or Medicare Advantage MSA

Form 1099-SA reports distributions from Health Savings Accounts (HSAs) and similar accounts.

What Is Form 1099-SA?
  • Reports money withdrawn for qualified medical expenses.
Who Receives Form 1099-SA?
  • Individuals who took distributions from HSAs or MSAs.
Why Is It Important?
  • Qualified distributions are tax-free.
  • Nonqualified distributions are taxable and may have penalties.
How to Use Form 1099-SA
  • Report distributions on Form 8889.
  • Calculate taxable amounts and penalties.
Tips
  • Keep receipts for medical expenses.
  • Understand what expenses qualify.
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