Jamar Jackson (50) took a distribution of $4,800 from his health savings account (HSA) to...

80.2K

Verified Solution

Question

Accounting

Jamar Jackson (50) took a distribution of $4,800 from his health savings account (HSA) to pay for qualified medical expenses. Jamar's federal adjusted gross income (AGI) is $52,930. He is itemizing deductions on his federal return, but has no medical expense deduction because all of his medical expenses were paid with the funds from his HSA. What adjustment would you make on his California return?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students