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Form 5498 SA 2011 Instructions current General Instructions for Certain Information Returns for more The information on Form 5498 is submitted to the Internal Revenue Service. Form 5498 and Form 5498SA
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How to fill out form 5498 sa 2011

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How to fill out form 5498 sa 2011

01
To fill out form 5498 SA for the year 2011, follow these steps:
02
Begin by entering your personal information, such as your name, address, and social security number.
03
Next, report any contributions made to a health savings account (HSA) or Archer Medical Savings Account (MSA) during the year.
04
If you received any distributions or rollovers from your HSA or MSA, provide the necessary details in the corresponding sections.
05
Enter any repayments made to your HSA or MSA if you previously had an excess contribution that was distributed to you.
06
If you had an excess contribution and did not withdraw it, report the amount in the appropriate section.
07
If you made a qualified HSA funding distribution during the taxable year, provide the required information.
08
Indicate if you are the designated beneficiary of a deceased HSA account holder and provide the necessary details.
09
If you received any distributions as the beneficiary of a deceased HSA account holder, report them accordingly.
10
Finally, review your completed form for accuracy and ensure all required information has been provided.
11
Sign and date the form before submitting it to the appropriate party or including it with your tax return.

Who needs form 5498 sa 2011?

01
Form 5498 SA for the year 2011 is needed by individuals who made contributions to a health savings account (HSA) or Archer Medical Savings Account (MSA) during that year.
02
This form is also needed by individuals who received distributions or rollovers from their HSA or MSA, and those who made repayments, had excess contributions, or made qualified HSA funding distributions.
03
Additionally, individuals who are designated beneficiaries of deceased HSA account holders or who received distributions as beneficiaries will need to fill out this form.
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