It makes unforgetable memories. Just like there is nothing that compares to a Puerto Rican Navidad, nothing compares with what Puerto Ricans go through their first Christmas away from the Island. It is indeed a triste Navidad like the song says. Puerto Ricans traditionally continued to celebrate Las Navidades until after Los Reyes.
In January of each year, you should receive Form 1099-SA, which will indicate the total distributions you took from your HSA during the previous year. Distributions are not taxed if you spent the money on qualified medical expenses. In January of each year, you will receive an HSA Statement of Account, which serves as a substitute 5498-SA form. This statement will include your Fair Market Value. The Fair Market Value will include the balance in your HSA tiered rate account and your mutual fund investment balance as of year end.
When you file, youâll need to include Form 8889 to report all contributions and withdrawals associated with your HSA in 2013. The form has a line for reporting your direct contributions to your HSA, and youâll carry that deduction to line 25 of your Form 1040.The form also has a line to report employer contributions, which youâll fill in if you made pretax contributions via payroll deduction or if your company contributed to your account.eporting HSA Contributions on Your Tax Return. Follow these steps to report money that went into -- and came out of -- a health savings account. By Kimberly LankfordSee my bio, plus links to all my recent stories.