Lina, age 32, has a high-deductible health plan (HDHP) at her work. She is single and contributes $3,000 each year to her HSA plan. She rarely uses the funds, so she has built up a balance. If Lina took $10,000 from the HSA for a down payment toward buying a house, what would the tax outcome be?
Lina, age 32, has a high-deductible health plan (HDHP) at her work. She is single and contributes $3,000 each year to her HSA plan. She rarely uses the funds, so she has built up a balance. If Lina took $10,000 from the HSA for a down payment toward buying a house, what would the tax outcome be?
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 2DQ
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Lina, age 32, has a high-deductible health plan (HDHP) at her work. She is single and contributes $3,000 each year to her HSA plan. She rarely uses the funds, so she has built up a balance. If Lina took $10,000 from the HSA for a down payment toward buying a house, what would the tax outcome be?
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