How do I create Form 1099-SA?

Creating Form 1099-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 1099-SA from the Form Type drop down menu.
  6. Fill in the necessary fields on the form:
    • Corrected:  Check if this box applies.
    • Gross distribution:  Enter the total amount of the distribution.
    • Earning on excess contributions:  Enter the total amount of earnings distributed with any excess contributions returned by the due date of the account holder's tax return.
    • Distribution code:  Select the appropriate distribution code.
    • FMV on date of death:  Enter fair market value amount at date of death.
    • HAS:  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)
    • 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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