Hi, Aaron. I think I was trying to use the cost basis to tie it together, like maybe have one commodity for HSA dollars that can be withdrawn and one that cannot, but I think your solution is way simpler and will actually work. Thank you!
- Ryan On Mon, Nov 16, 2020 at 8:14 AM Aaron Lindsay <[email protected]> wrote: > Why does the cost basis of the investment in your HSA matter in terms of > tracking the amount you can withdraw? > > My understanding is that the amount you are allowed to withdraw is > accounted using the cash value you withdraw *at the time you make the > withdrawal*. If my understanding is correct, you would not need to account > the cost basis of your investments in the HSA any differently than any > other brokerage. The accounting of how much you are allowed to withdraw > could be done independently. > > What if you setup two accounts like: > Expenses:Medical:HSA-Qualified > Expenses:Medical:HSA-Withdrawn > > And whenever you incurred a qualified medical expense, book it against > 'Expenses:Medical:HSA-Qualified'. Then, whenever you pull money out of your > HSA, move that same amount to 'HSA-Withdrawn'? It would probably be > preferable to come up with some way to tie the two events together, but I > haven't conceived of a simple way to do so. > > -Aaron > > On Sunday, November 15, 2020 at 6:56:26 PM UTC-5 Ryan Mulligan wrote: > >> Hi. >> >> In the USA, you can fund a Health Savings Account (HSA) with pretax >> dollars that you can invest. If you incur a qualified medical expense, you >> are allowed to withdraw money from the HSA account tax free. As long as you >> properly record them, you can withdraw money equal to these expenses at any >> later date tax free. >> >> In my particular case, almost 100% of my HSA balance is invested in a >> stock market ETF. >> >> How would you set up accounts to track the amount you can withdraw from >> the HSA account tax free? It seems like maybe it has to do with setting the >> cost basis of the ETF in the HSA, but I wouldn't be surprised if that was >> overly complicating things. >> >> Sincerely, >> Ryan Mulligan >> > -- > You received this message because you are subscribed to a topic in the > Google Groups "Beancount" group. > To unsubscribe from this topic, visit > https://groups.google.com/d/topic/beancount/FtV-1YJ17GA/unsubscribe. > To unsubscribe from this group and all its topics, send an email to > [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/619d082d-f719-44a5-b5da-82af5aab7083n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/619d082d-f719-44a5-b5da-82af5aab7083n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CA%2B56x2_Lxmi_dBZoOWXjDDew0E%3D5tGgRVMpFmt5bGoqzpDq8Fw%40mail.gmail.com.
