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ColumnField (*required Example field) ValuesA B CForm Type Tax Year Trustee TIN Type* Trustee TaxTrustee ID Number* Trustee Name Type* Trustee Business or Entity Name Line 1*DE F1099SA 2022 SSNFormatting
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Instructions for forms 1099-SA provide guidance on how to fill out and file the 1099-SA form, which reports distributions from Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), and Medicare Advantage MSAs.
Any entity that makes distributions from HSAs, Archer MSAs, or Medicare Advantage MSAs is required to file Form 1099-SA, including banks, financial institutions, and employers.
To fill out Form 1099-SA, the filer must provide the recipient's name, taxpayer identification number, address, account number, and the total distribution amount. The form must be completed with accurate information following the IRS instructions for the specific tax year.
The purpose of the instructions for Form 1099-SA is to ensure that filers correctly report distributions, thereby complying with tax regulations and providing recipients with the necessary information for their tax returns.
The information that must be reported includes the total amount distributed from the HSA, the type of account (HSA, Archer MSA, or Medicare Advantage MSA), and any applicable codes that indicate the reason for the distribution.
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