Pledging. If you pledge any portion of your HSA as collateral for a loan, the amount so pledged will be treated as a distribution and will be included in your gross income for that year.
Appears in 13 contracts
Samples: Health Savings Custodial Account Agreement, Health Savings Custodial Account Agreement, Health Savings Custodial Account Agreement
Pledging. If you pledge any portion of your HSA as collateral for a loan, the amount so pledged will be treated as a distribution and will be included in your gross income for that yearyear and may be subject to the additional twenty percent (20%) tax.
Appears in 8 contracts
Samples: Custodial Agreement, Custodial Agreement and Disclosure Statement, Custodial Agreement and Disclosure Statement
Pledging. If you pledge any portion of your HSA as collateral for a loan, the amount so pledged that portion will be treated as a distribution and will be included in your gross income for that year.
Appears in 2 contracts
Samples: Health Savings Account Custodial Agreement, Health Savings Account Custodial Agreement
Pledging. If you pledge any portion of your HSA as collateral for a loan, the amount so pledged will be treated as a distribution and will be included in your gross income for that yearyear and may be subject to the additional ten percent (10%) tax.
Appears in 1 contract
Pledging. If you pledge any portion of your HSA as collateral for a loan, the amount so pledged will be treated as a distribution and will be included in your gross income for that year. There may be an additional 10% penalty tax.
Appears in 1 contract
Samples: Custodial Agreement
Pledging. If you pledge any portion of your HSA as collateral for a loan, the amount so pledged will be treated as a distribution and will be included in your gross income for that year.. FEDERAL TAX PENALTIES
Appears in 1 contract
Samples: Account Custodial Agreement
