Creating Form 1099-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 1099-SA from the Form Type drop down menu.
- 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.
- Click Save.