I received a check from my employer that is to be deposited into my Charles Schwab brokerage account, do I enter this amount I received anywhere?
03804
3 Replies
KathrynG3
Expert Alumni
Mar 22, 2020 10:15:51 AM
It depends on when and why you received the check. I recommend calling the contact number at Charles Schwab for further clarification.
craftvfx
New Member
Mar 22, 2020 10:30:41 AM
The check is from my employer as a profit sharing thing instead of a IRA/401k
DaveF1006
Expert Alumni
Mar 22, 2020 11:28:57 AM
if this check was issued this year, you will probably either receive a 1099R for it to be reported on next year's taxes or it may be a taxable event reflected in your next year's W2. In any case, this will be reported in your 2020 return.