Leo Williams is single and 45 years old.
Leo works as an IT manager and his Form W-2 shows wages of $47,250.
Leo participated in his employer's self-only coverage High Deductible Health Plan (HDHP) all
year.
Leo does not have any other health coverage.
Leo has had an HSA for two years.
Leo's employer contributed $1,500 in 2017 to Leo's HSA.
In 2017, Leo's Aunt contributed $2,000 to Leo's HSA.
Leo is a U.S. citizen and has a valid Social Security number.
1. Is Leo an eligible individual for HSA purposes even though he did not make his own
contributions? - ANSYes (Correct)
Leo Williams is single and 45 years old.
Leo works as an IT manager and his Form W-2 shows wages of $47,250.
Leo participated in his employer's self-only coverage High Deductible Health Plan (HDHP) all
year.
Leo does not have any other health coverage.
Leo has had an HSA for two years.
Leo's employer contributed $1,500 in 2017 to Leo's HSA.
In 2017, Leo's Aunt contributed $1,900 to Leo's HSA.
Leo is a U.S. citizen and has a valid Social Security number.
2. What amount will Leo use to compute his HSA deduction on Form 1040, line 25? -
ANS$1900 (Correct)
Leo Williams is single and 45 years old.
Leo works as an IT manager and his Form W-2 shows wages of $47,250.
Leo participated in his employer's self-only coverage High Deductible Health Plan (HDHP) all
year.
Leo does not have any other health coverage.
Leo has had an HSA for two years.
Leo's employer contributed $1,500 in 2017 to Leo's HSA.
In 2017, Leo's Aunt contributed $2,000 to Leo's HSA.
Leo is a U.S. citizen and has a valid Social Security number.
3. Employer contributions to Leo's HSA are reported on his Form W-2, box 12, code W. -
ANSTrue (Correct)
Ed and Christine are married and will file a joint return.
Ed is 47 years old, and Christine is 56 years old.
Both were enrolled in self-only coverage High Deductible Health Plans (HDHPs) through their
employers for the entire year of 2017.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.