Multi-year HSA distribution without proof. Will the IRS audit me?
I currently have around $250K in my HSA. I had it with two different companies and transferred the acct to Fidelity a few months ago. I think I would like to take some profits in the stocks in the account and get a distribution for around $30K. This would be my HSA expenses for the past eight years. I do have a line item spreadsheet that my healthcare provider, Aetna, provided via their website but that is the only "proof" of expenses that I have. I have not called Fidelity yet but figured that some of you have been through this before. A few questions:
1) A few clicks on Fidelity's website and I will receive a $30K check. Do I print out my 560 line excel spreadsheet (33 printed pages) and file it with my taxes next year as proof?
2) Is this likely to trigger an IRS audit?
3) Any suggestions on how to handle the eight year claim or filing with IRS?
I currently have around $250K in my HSA. I had it with two different companies and transferred the acct to Fidelity a few months ago. I think I would like to take some profits in the stocks in the account and get a distribution for around $30K. This would be my HSA expenses for the past eight years. I do have a line item spreadsheet that my healthcare provider, Aetna, provided via their website but that is the only "proof" of expenses that I have. I have not called Fidelity yet but figured that some of you have been through this before. A few questions:
1) A few clicks on Fidelity's website and I will receive a $30K check. Do I print out my 560 line excel spreadsheet (33 printed pages) and file it with my taxes next year as proof?
2) Is this likely to trigger an IRS audit?
3) Any suggestions on how to handle the eight year claim or filing with IRS?
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