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craftvfx
New Member

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
KathrynG3
Expert Alumni

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?

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

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?

The check is from my employer as a profit sharing thing instead of a IRA/401k

DaveF1006
Expert Alumni

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?

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.

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