How do I create Form 5498-SA?

Creating Form 5498-SA

  1. Click on the Payer List button.
  2. Double click on the payer name.
  3. Highlight the recipient to add the form to.
  4. Click on the Add Form button.
  5. Choose 5498-SA from the Form Type drop down menu.
  6. 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.
  7. Click Save. 
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