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How to fill out 8889 - 11192014 054425
How to fill out 8889 - 11192014 054425:
01
Start by providing your personal information, including your name, address, and social security number.
02
Fill in the tax year for which you are filling out the form.
03
Determine if you are filing the form as the taxpayer or as the spouse of the taxpayer.
04
Enter the total amount of distributions received from health savings accounts (HSA) during the tax year.
05
Specify if any of the distributions were used for qualified medical expenses.
06
Calculate the amount of excess contributions made to the HSA and enter that amount.
07
Indicate if any excess contributions were withdrawn and include the withdrawal amount.
08
Determine if the HSA was established through a decedent's estate, and if so, provide the necessary information.
09
Complete Part II of the form if any changes occurred during the tax year that affected the HSA's status.
10
Sign and date the form before submitting it with your tax return.
Who needs 8889 - 11192014 054425:
01
Individuals who have a health savings account (HSA) and have made distributions from it during the tax year.
02
Taxpayers who have made excess contributions to their HSA and need to report and calculate the tax implications.
03
Anyone who had a change in their HSA status, such as a change in coverage or becoming disabled, during the tax year, and needs to report it to the IRS.
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What is 8889 - 1119 054425?
The result of 8889 - 1119 054425 is -108336.
Who is required to file 8889 - 1119 054425?
Individuals who have a health savings account (HSA) are required to file Form 8889.
How to fill out 8889 - 1119 054425?
Form 8889 should be filled out with details of HSA contributions, distributions, and other relevant information regarding the account.
What is the purpose of 8889 - 1119 054425?
The purpose of Form 8889 is to report HSA contributions, calculate the tax deduction for those contributions, and report any HSA distributions.
What information must be reported on 8889 - 1119 054425?
Information such as HSA contributions, distributions, and any additional taxes owed must be reported on Form 8889.
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