HSA withdraw questions

[jIMOh]

I am taking the HR block basic tax course. We discussed HSA's and he and I had a point of discussion:

I interpret HSA rules to be that you can withdraw HSA monies in any year after the HSA was created for a valid medical expense.

The instructor said you can only withdraw from an HSA in the year you incurred the medical expense.

Other opinions?

 

[ziggy29]

The instructor is wrong. You are correct.

 

[frayne]

I interpret HSA rules to be that you can withdraw HSA monies in any year after the HSA was created for a valid medical expense.


You are correct sir !

And you should also get a 1099 SA from your HSA trustee to show how much was taken out of the account for the tax year.