2023-2024 Form

Instructions and help about HSA Tax Form A Guide To IRS Form 1099 SA

welcome to this informative video on IRS tax form 1099sa distributions from an HSA Archer NSA or Medicare Advantage MSA this form may seem confusing at first but today we'll help you understand what it's used for when you should use it and what causes a taxpayer to receive it so what is form 1099 sa and why might you receive it in simple terms it's an IRS tax form that reports any distributions made from a health savings account HSA Archer medical savings account Archer MSA or Medicare Advantage medical savings account m-a-msa you'll need this form to report those distributions on your federal income tax return what could cause a taxpayer to receive form 1099 sa well if you've received any distributions from HSA Archer MSA or mamsa during the tax year you'll get the form the institution that manages your account such as a bank or insurance company is responsible for sending you this form by January 31st of the following year it's important to understand that form 1099 essay does not in