I need some supporting references, it could get me in trouble.
Is it true one can make a one time disbursement from an IRA to a HSA?
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Bertram H
March 24, 2010 at 5:10 pm
Per the Publication 590 on http://www.irs.gov
Qualified health savings account (HSA) funding distribution.
Beginning in 2007, if you are covered by a high deductible health plan (HDHP), you may be able to make a nontaxable HSA funding distribution from your IRA (other than a SEP or SIMPLE IRA) that would otherwise be included in income. The distribution must be a direct trustee-to-trustee transfer to an HSA. The distribution will be nontaxable to the extent it is not more than the limit on your annual HSA contributions.
Generally, you can make only one nontaxable HAS funding distribution during your lifetime. However, if you change your HDHP coverage from self-only to family, you may be able to make an additional distribution during the same year. For more information, see Publication 553. For more information about HSAs, see Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.