@bal4469 wrote:
I am working taxes and the person has informed me they received $55,000 unclaimed property from the state of PA. It is a result of charles schwab turning their investments over to the state. I am trying to confirm what type of account it was, regular investments or and roth IRA. I can't imagine this is fully taxable but I have no idea where to start. Any advice? Thank you Beth
Yes, use caution! Who is this "person" that informed you they "received $55,000" (when you were "working taxes") and why did Schwab turn investments "over to the state"?
This almost sounds like some sort of scam. You can check out whether you have unclaimed property with the State of Pennsylvania at the link below. Regardless, make sure you are working with someone reputable.
https://www.patreasury.gov/unclaimed-property/
