Jump to content

Qualified HSA Funding Distribution


Recommended Posts

A participant wants to take a distribution from his IRA to perform a qualified HSA funding distribution (under IRC Section 408(d)(9)(B)). The transaction is not reportable on the 1099-R, and shows up on the 5498-SA as a regular contribution. Is there any obligation of the IRA trustee to confirm the participant is eligible to perform such a distribution, i.e. has never previously performed on in his lifetime?

Thanks for the help.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...