Creating Form 5498-SA
- Click on the Payer List button.
- Double click on the payer name.
- Highlight the recipient to add the form to.
- Click on the Add Form button.
- Choose 5498-SA from the Form Type drop down menu.
- Fill in the necessary fields on the form:
- Corrected: Check if this box applies.
- Employee Archer MSA contributions: Enter the employee's or self-employed person's regular contributions to the Archer MSA.
- Total contrib. return year: Enter the total HSA or Archer MSA contributions made in return year.
- Total HSA or Archer MSA contrib. year after: Enter the total HSA or Archer MSA contributions made year after.
- Rollover contributions: Enter rollover contributions made to the HSA or Archer MSA.
- Fair market value of HSA, Archer MSA or MA MSA: Enter the fair market value of the HSA, Archer MSA, or MA MSA.
- HSA: Check if applies. (Health Savings Account)
- Archer MSA: Check if applies. (Archer Medical Savings Account)
- MA MSA: Check if applies. (Medicare Advantage Medical Savings Account)
- Text boxes: Additional information for the recipient only.
- Account Number: A number assigned to recipient by the payer. This field is optional except for the following cases:
- The recipient has multiple returns for the same return type.
- Click Save.