What type of distributions does the 1099-SA form report?

The 1099-SA form specifically reports distributions made from Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), and Medicare Advantage MSAs. These distributions are related to health expenses and must be reported to ensure that individuals are using their tax-advantaged account funds appropriately.

This form is essential for taxpayers since it helps them manage their tax obligations associated with these accounts and confirms that distributions were used for qualified medical expenses. Understanding that the 1099-SA is directly tied to health-related accounts distinguishes it from other forms, like those that report pension or retirement plan distributions, which have their own specific tax forms.