[cairi1]

I had a some company stock options. It was managed by a brokerage firm, together with my other investment accounts. I exercised the stock options and sold the stocks and after taxes, was left with some cash. However, there is no where in my portfolio that I can find this money. My question is where the money went. Does it actually go to my employee (ie. My paycheck)?

Thanks.

R

[morgaine300]

Let me guess - you're on the new skin which stuck your question into the homework area even though it's not homework. Hello, developers - this isn't working!

(Just ignore me. Little personal issue with the site.)

Have you contacted the brokerage firm? I assume you're talking about stock options you had in your own employer's company? That's not something I know anything about. This isn't something us little small-time accountants do. So this is really more of an investing topic.

In a normal investment situation, anything you sell through the brokerage goes into a sweep account of some sort. When you exercised the stock options, do you just plain own the stock, like anyone else who would have purchased the stock? If so, I'd think the sale would work like any other sale, like what I would do. And that would end up in a sweep account. (And wouldn't have backup withholding tax taken out either.) The money stays in the sweep account until you decide to do something with it, either have it sent to you, or invest it in something else.

But you might get a better answer on the investing forum:
https://www.askmehelpdesk.com/investing/
Or on the Other Money & Services forum:
https://www.askmehelpdesk.com/other-money-services/