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Archer MSA and Medicare Advantage MSA distributions are reported on Federal Form 1099-SA Distributions from an HSA, Archer MSA, or Medicare Advantage MSA. The information is transferred to Federal Form 8853 Archer MSAs and Long-Term Care Insurance Contracts.

To enter this information into TaxACT:

  1. From within your TaxACT return (Online or Desktop), click on the Federal Q&A tab
  2. Click Other Adjustments to expand the category, then click on Archer Medical Savings Account 
  3. The program will proceed with the interview questions for you to enter the appropriate information

Generally, if you receive a taxable distribution, you must also pay an additional tax on the amount included in income. The amount included in income is the amount not used to pay qualifying medical expenses during the year.

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