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New Member
posted Mar 22, 2020 9:56:20 AM

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?

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3 Replies
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. 

 

 

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

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.