9. Carl’s HSA deduction amount on Form 1040, Schedule 1, line 25, is $_____.

10. The amount Carl paid for his health club membership is a qualified medical expense for HSA purposes.

 a. True

 b. False

11. What is the total amount of unqualified medical expenses paid by Carl for HSA purposes?

a. $250

b. $975

c. $1,075

d. $1,325

 

Transcribed Image Text:

Interview Notes • Carl, age 46, and Monica, age 42, are married and will file a joint return. • They have two children, Adriane and Robert, whom they will claim as dependents on their joint return. • Monica's cousin, Michael (age 29), came to live with them in July 2018. Michael does not qualify as their dependent, but they paid $500 of Michael's medical bills in November 2018. • Carl was enrolled all year in an HDHP with family coverage. • Carl has had an HSA for four years. He has no other health insurance. • In 2018, Carl made regular contributions to his HSA totaling $4,000. • In 2018, Carl took $1,800 from his HSA to pay the following medical expenses: - $300 to purchase Monica's eyeglasses (needed for medical reasons). - $725 for a health club membership for Carl. - $250 for over-the-counter eye medicine for their son, Robert (no prescription from doctor). $525 for Adriane's physical therapy sessions. Carl, Monica, Adriane, Robert, and cousin Michael are all U.S. citizens and have valid Social Security numbers. Interview Notes • Carl, age 46, and Monica, age 42, are married and will file a joint return. • They have two children, Adriane and Robert, whom they will claim as dependents on their joint return. • Monica's cousin, Michael (age 29), came to live with them in July 2018. Michael does not qualify as their dependent, but they paid $500 of Michael's medical bills in November 2018. • Carl was enrolled all year in an HDHP with family coverage. • Carl has had an HSA for four years. He has no other health insurance. • In 2018, Carl made regular contributions to his HSA totaling $4,000. • In 2018, Carl took $1,800 from his HSA to pay the following medical expenses: - $300 to purchase Monica's eyeglasses (needed for medical reasons). - $725 for a health club membership for Carl. - $250 for over-the-counter eye medicine for their son, Robert (no prescription from doctor). $525 for Adriane's physical therapy sessions. Carl, Monica, Adriane, Robert, and cousin Michael are all U.S. citizens and have valid Social Security numbers.

Answer rating: 100% (QA)

9 Carls HSA deduction amount on Form 1040 is 4000 The ... View the full answer