À propos de BMcCalpin

Niveau 13

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Bill McCalpin is an Enrolled Agent (EA). He spent 5 years writing tax software (1120) for another tax company and 3 years doing tax returns for a third tax company. He specializes in questions dealing with HSAs and other health-related programs.

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Re: tax on carry over HSA Excess Contribution in Form 5329

"If $1800 is taken from account or spent on non-medical is 20% penalty on $ 1800 only or on total income for that year ?"The 20% penalty is only on that portion...

BMcCalpin

Updated nov. 13, 2020
Solved Re: Could I claim the 30% federal solar tax credit for portion or al...

Yes. As noted at this IRS webpage, the amount of credit available for installing a PV system is 26% is installed during tax year 2020. Seehttps://www.irs.gov/ne...

BMcCalpin

Updated nov. 13, 2020
Re: Is the required minimum distribution waved for IRA's for 2020?

The answer is "yes", depending on your birthday. Please see https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-di...

BMcCalpin

1

Updated oct. 10, 2020
Re: HSA Excess Contribution Error

It is possible to accidentally indicate to TurboTax that you made excess HSA contributions when perhaps you haven't.I understand that the following list is long...

BMcCalpin

Updated oct. 08, 2020
Solved Re: It is saying that form 8889-t: line 12 wks should be blank. Then...

As you can imagine, it is difficult to diagnose situations on returns that we cannot see. However, your description is consistent with the following sequences o...

BMcCalpin

3

Updated mars 11, 2023

Fil d'activités pour BMcCalpin

Compliment obtenu pour Yes, you can deduct fees for your HSA in California. As.... ‎avril 13, 2025 10:59 PM
Compliment obtenu pour Let me clarify my answer from before (yes, that was me yo.... ‎avril 2, 2025 7:26 PM
Compliment obtenu pour I believe you are entering the data from your 1099-SA. In.... ‎mars 29, 2025 7:23 PM
Compliment obtenu pour In this situation, TurboTax gets conflicting information.... ‎mars 28, 2025 9:04 PM
Compliment obtenu pour The form 8889-S is the TurboTax name for the 8889 for you.... ‎mars 6, 2025 7:58 AM
Compliment obtenu pour No, a Medical Savings Account is different from a Health.... ‎février 28, 2025 4:47 PM
Compliment obtenu pour Line 2 is your personal contributions to your HSA. Line 9.... ‎octobre 12, 2024 8:18 AM
Compliment obtenu pour You are permitted to deduct up to $5k in startup costs (w.... ‎octobre 8, 2024 11:18 AM
Compliment obtenu pour Re: TurboTax will select the method that gives you the best r.... ‎août 11, 2024 11:28 AM
Compliment obtenu pour This is correct. The IRS considers both your employer's.... ‎mai 28, 2024 11:54 AM
Compliment obtenu pour Both comments above are correct, but let me explain a lit.... ‎avril 16, 2024 2:55 PM
Compliment obtenu pour The IRS considers, by default, HSA contributions to be ta.... ‎avril 12, 2024 4:53 AM
Compliment obtenu pour "What type of HDHP coverage did [name] have on December 1.... ‎mars 3, 2024 9:06 AM
Compliment obtenu pour The reason that your HSA contribution is called the "empl.... ‎mars 2, 2024 1:29 PM
Compliment obtenu pour Both comments above are correct, but let me explain a lit.... ‎février 27, 2024 11:53 AM
Compliment obtenu pour To be eligible for an HSA, you must have an HDHP (High De.... ‎février 19, 2024 9:22 AM
Compliment obtenu pour The Payer's name is the name of the HSA plan administrato.... ‎janvier 24, 2024 5:44 PM
Compliment obtenu pour The amount with code "W" in box 12 in your W-2 is the sum.... ‎avril 17, 2023 7:43 PM
Compliment obtenu pour There will be two parts to this answer; please read both..... ‎avril 17, 2023 7:33 PM
Compliment obtenu pour You have capital gains or qualified dividends. While t.... ‎avril 11, 2023 2:55 AM

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Date d'inscription	‎mars 12, 2018 1:44 PM
Date de dernière visite	‎novembre 13, 2020 6:53 PM
Total de messages envoyés	2 975
Total de compliments reçus	223

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Re: tax on carry over HSA Excess Contribution in Form 5329

Solved Re: Could I claim the 30% federal solar tax credit for portion or al...

Re: Is the required minimum distribution waved for IRA's for 2020?

Re: HSA Excess Contribution Error

Solved Re: It is saying that form 8889-t: line 12 wks should be blank. Then...

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