I closed out a investment account with Charles Schwab in 2015 (108,855.00. I I did not roll into IRA. Do I need to report that as income?

[Hal_Al · Accepted solution]

Maybe. The closing of an investment account is not, in itself,  a reportable event. The selling of securities (stocks, bonds or mutual funds) to facilitate the closing of the account would be reportable. 

You're not allowed to rollover an "investment account" to an IRA. The fact that you make that statement, provokes this question: was the account you closed an IRA or some other tax deferred account? That would constitute a "distribution" and that would be reportable. 

If you had anything reportable, Charles Schwab most likely would have sent you a tax document; a 1099-B or a 1099-R.