re: Would you be irked by your father in law if he did this?

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I also bet your retirement plan is dependent on inheritance from him dying

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I hope mine dies within the next 10 years. He’s only 71 but is an unhealthy little count

He's testing you. If you lose your head over a small amount of money, then he can't trust you with the large amount that he was considering leaving to you.

Call him out on it on Thanksgiving or Christmas when all the family is together.

Then make a thread with live updates

You definitely should call him out on his shite in a nice busting his balls kind of way with your wife around so she hears the convo. As a father I don’t want my son in law to be an ignorant dumbass. You want someone smart and worth a shite with your daughter, but we all are cheap sometimes too. My father in law does shite like this all the time too because he’s smart and thinks he’s smarter then everyone, I literally told him one time ‘look you are smarter then me but I’m also not a dumbass’. I liked Highcotton’s idea of asking what bank it was ‘so can get 15% interest also’.

Or the daughter should politely say something like ‘dad I know there’s more then $200 in there just close the account and I’ll pay the taxes. Thanks for the help in college, I love you’. And move on.

My point is, you can appropriately call him out so he knows you aren’t an idiot but it’s also not a big deal.

Is your wife at all upset about it? If not, move on and be thankful you got $200

Has he given her the money yet? or just "said" it was $200 in a text? Typo maybe where he dropped a zero?

The 1099 will be issued to the primary account holder and be recorded under that person’s SSN. If it is made out to her then it is her money and he has no legal way of closing the account.

Nowhere did I say that, but keep being you.

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The 1099 will be issued to the primary account holder and be recorded under that person’s SSN. If it is made out to her then it is her money and he has no legal way of closing the account.

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I was assuming it was some sort of custodial account at some point where the dad named on it along with the daughter? Not sure how those work when parents help a kid start it when they are under 18 but then the kid grows up? It’s also very possible the dad doesn’t realize he can’t close it himself and simply said that before trying.

Again there must be a lot of people with shitty relationships with their inlaws. My inlaws and I have a friendly relationship, as in like a friend. I can joke with them and give them a hard time, and they do the same with me. I don’t think there’s anything wrong with letting the father in law know you understand it’s his money but you know there’s a couple thousand in the account.