For this purpose, the definition of stock includes non-publicly traded stock (of a publicly traded corporation). Under a de minimis exception, the excise tax does not apply if the total value of stock repurchased during the taxable year does not exceed $1 million. The de minimis exception ...
Overall, understanding IRS Form 5498-SA is essential for maintaining accurate records, ensuring tax compliance, and maximizing the benefits of an HSA. By providing detailed information about contributions, distributions, and the FMV of assets, this form allows individuals and the IRS to monitor the ...