How to Start an FHSA account in Virginia

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DaSpurdOfStonkStreet is in Virginia

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Basically, I want to start a First Time Homebuyers Savings Account in Virginia and have a few questions.

Could I open up a Fidelity Brokerage account and make that an FHSA? (Tried talking to a rep, but I think since FHSAs are only open in a few states trust they weren’t much help.)
To designate an account, I’d that something I do during my taxes? I assume so since the benefit is that gains on interest are non-taxable.

Thanks in advance. If you know of other places/subs I can get this info, please let me know!

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DaSpurdOfStonkStreet

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Virginia

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Posted: 2 years ago
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