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You wont get a 5498-SA form if you didnt have contributions and your balance was zero dollars at the end of the year. Please note this form is informational only and doesnt need to be filed with your income tax return.
What is the difference between 5498 and 5498-SA?
In addition to Form 5498, there are two related forms: Form 5498-ESA for Coverdell education savings account (ESA) plan contributions and Form 5498-SA for health savings accounts (HSA) or medical savings accounts (MSA).
Do I have to report 5498-SA on my tax return?
The trustee of your HSA, Archer MSA, or MA MSA may provide other information about your account on this form. Note: Dont attach Form 5498-SA to your income tax return. Instead, keep it for your records.
Do I need to report form 5498 on my tax return?
No. You arent required to do anything with Form 5498 because its for informational purposes only. Please be sure to keep this form for your records as youll need this information to calculate your taxable income when you decide to take distributions from your IRA.
Is form 5498 and 5498-SA the same?
Similarly, if reportable contributions have been made for the year, Form 5498 must be filed even if the account was subsequently liquidated or closed. For HSAs, Form 5498-SA information must be sent to the IRS for every individual who maintained an HSA in the prior year.
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The IRS Form 1099-SA is used for reporting HSA distributions; the IRS Form 5498-SA is used for reporting contributions. If you did not have contributions during the year, then you will not see the IRS Form 5498-SA. Although HSAs have triple-tax advantages, you are required to report distributions to the IRS.
How do I get a copy of my form 5498-SA?
Due to the very low volume of paper Forms 1099-SA and 5498-SA received and processed by the IRS each year, these forms have been converted to an online fillable format. You may fill out the forms, found online at IRS.gov/Form1099SA and IRS.gov/Form5498SA, and send Copy B to the recipient.
Related links
2016 Publication 969
Feb 10, 2017 Contributions made by your em- ployer and qualified HSA funding distributions are also shown on the form. You should receive Form 5498-SA, HSA,
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