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If payments received by a bank is over 10k it sends a red flag or something?

yes, this is flag money laundering. Breaking up payments to avoid this is how you can turn legal money illegal through 'structuring'.

Just write the check. For taxes it depends if this is a gift or this is simply paying them back. If it's a gift the IRS will want a form, and you'll need to dip into your 10 million estate exemption. If it's paying them back, it shouldn't matter.

Original Poster1 point · 6 days ago

Yeah, that's all that I'm doing is paying them back.

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Just write a check and write car in the note.

Moderator of r/personalfinance, speaking officiallyScore hidden · 6 days ago · Stickied comment

Your submission has been removed because it is primarily a business question or discussion. Other subreddits are better equipped to address these topics:

  • /r/smallbusiness is good for questions about starting, owning, and growing a small business.

  • /r/entrepreneur is excellent for business questions, especially about startups offering an innovative product, process, or service.

  • /r/business is appropriate for general business questions and tips (also see their sidebar for a list of business-related subreddits).

  • /r/legaladvice can help you determine if you need to contact a lawyer and you may get some basic advice.

  • /r/realestate

  • /r/landlord

[deleted]
-4 points · 7 days ago

[removed]

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Moderator of r/personalfinance, speaking officially2 points · 6 days ago

Please note that in order to keep this subreddit a high-quality place to discuss personal finance, off-topic or low-quality comments are removed (rule 3).

We look forward to higher quality posts from your account in the future. Thank you.

[deleted]
-14 points · 7 days ago

[removed]

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Moderator of r/personalfinance, speaking officially2 points · 7 days ago

Please note that in order to keep this subreddit a high-quality place to discuss personal finance, posts advising breaking the law (whether serious or not) or asking for advice on how to break the law will be removed.

Find our Subreddit Rules for guidelines on our quality standards. We look forward to higher quality posts from your account in the future! Thanks.

Moderator of r/personalfinance, speaking officiallyScore hidden · 6 days ago · Stickied comment

Your submission has been removed because it is primarily a legal question or discussion which is off-topic for /r/personalfinance. Some other subreddits allow legal questions and discussions:

  • /r/legaladvice can help you determine if you need to contact a lawyer and you may get some basic advice.

  • /r/asklaw may be able to further help you with legal questions.

While those subreddits can sometimes offer basic advice, talking to a local attorney is the best way to answer any legal questions.

Have you read the wiki?

http://goedhartvoordieren.nl/?page=r/personalfinance/wiki/index#wiki_investing

I will eventually be going to grad school soon, but likely not for another 3 years. What is the best thing I can do to not have this money just sitting in my bank account?

not much because you need the money to avoid loans.

Original Poster1 point · 7 days ago

150 give or take

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is that worth it? it's ~4 weeks of work.

Original Poster1 point · 7 days ago

I'm 30 years old and afraid of messing up. Bought when I was 25 and overanalyze everything.

I know it sounds like it's worth it but literally nobody in my family can help, offer advice or support if I ever mess up...hence the living well below means and scrutinizing everything I do.

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I'd sit on it for a month to half a year. If you still hate it, move out.

Moderator of r/personalfinance, speaking officiallyScore hidden · 7 days ago · Stickied comment

This submission has been removed because it does not meet the subreddit submission guidelines (rule 1). Other subreddits are better equipped to address these topics:

[deleted]
1 point · 7 days ago

[removed]

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Moderator of r/personalfinance, speaking officially1 point · 7 days ago

Personal attacks are not okay here. Please do not do this again.

[deleted]
1 point · 7 days ago

[removed]

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Moderator of r/personalfinance, speaking officially1 point · 7 days ago

Your comment has been removed because we don't allow political discussions, political baiting, or soapboxing (rule 6).

[deleted]
25 points · 8 days ago · edited 8 days ago

[removed]

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Moderator of r/personalfinance, speaking officially0 points · 7 days ago

Your comment has been removed because relationship advice is off-topic here and better suited for /r/relationships (rule 9).

[deleted]
1 point · 8 days ago

[removed]

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Moderator of r/personalfinance, speaking officially1 point · 8 days ago

Your comment has been removed because we don't allow political discussions, political baiting, or soapboxing (rule 6).

Moderator of r/personalfinance, speaking officiallyScore hidden · 8 days ago · Stickied comment

Your post has been removed because the sincerity of this post is questionable. If this post is legitimate, we hope you've gotten the answers and advice you need.

Moderator of r/personalfinance, speaking officiallyScore hidden · 8 days ago · Stickied comment

AskReddit-style questions, surveys, and polls aren't allowed on this subreddit so this post has been removed (rule 1).

Please feel free to repost a question about your finances and be sure to include enough information about your situation or the specific questions you have so that you will get helpful answers.

didn't notice until tax season that he gave me a 1099 instead of a w-2, so despite being the top seller, I ended up making less than others after taxes.

Your boss is not your friend. 1099 independent contractors have much less protections, and are responsible for their own payroll taxes. Your boss likely knew this, which is why he put you as a 1099 employee to begin with. This is fraud and by not reporting it to the IRS, you're an accessory to the fraud.

My suggestion is to follow this guide https://www.nolo.com/legal-encyclopedia/what-should-you-do-if-youve-been-misclassified-independent-contractor.html and make an a report to the IRS if you work this job again.

Moderator of r/personalfinance, speaking officiallyScore hidden · 9 days ago · Stickied comment

Your submission has been removed because it is primarily a legal question or discussion which is off-topic for /r/personalfinance. Some other subreddits allow legal questions and discussions:

  • /r/legaladvice can help you determine if you need to contact a lawyer and you may get some basic advice.

  • /r/asklaw may be able to further help you with legal questions.

While those subreddits can sometimes offer basic advice, talking to a local attorney is the best way to answer any legal questions.

[deleted]
1 point · 9 days ago

[removed]

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Moderator of r/personalfinance, speaking officially0 points · 9 days ago

Please note that in order to keep this subreddit a high-quality place to discuss personal finance, off-topic or low-quality comments are removed (rule 3).

We look forward to higher quality posts from your account in the future. Thank you.

[deleted]
-5 points · 9 days ago · edited 9 days ago

[removed]

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Moderator of r/personalfinance, speaking officially-1 points · 9 days ago

Please note that in order to keep this subreddit a high-quality place to discuss personal finance, off-topic or low-quality comments are removed (rule 3).

We look forward to higher quality posts from your account in the future. Thank you.

[deleted]
0 points · 9 days ago

[removed]

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Moderator of r/personalfinance, speaking officially-1 points · 9 days ago

Personal attacks are not okay here. Please do not do this again.

Look up the department of labor and talk with them.

Moderator of r/personalfinance, speaking officiallyScore hidden · 9 days ago · Stickied comment

This submission has been removed because it does not meet the subreddit submission guidelines (rule 1). Other subreddits are better equipped to address these topics:

Yeah that sucks, but here's what you do.

1, simply call them and dispute the fact that you don't owe anything. If you can, pull up the statement where you last paid and give them the confirmation number. You should be able use a search function to find it.

2, if that doesn't work, then i suggest you do this; there are companies out there that you can hire to look over everything on your credit report and make an official dispute to anything on it. If the company cannot provide adequate proof, then its taken off your report. I forget the name of this action, but IT WORKS. This company i employed was able to take off numerous things on my report and boosted my score. It does cost money, but they update you on everything! Good luck!

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Moderator of r/personalfinance, speaking officially1 point · 9 days ago

Please note, using "# " at the start of a line makes the text bold. Using " # " is the correct formatting.

If you want to make a list you can use " * " or " 1."

I would call the non-emergency line and tell them your account was hacked and 1600$ was stolen, but the bank stopped it. Let them decide if they want an official report; there likely is already one from the bank's compliance regulations.

Moderator of r/personalfinance, speaking officiallyScore hidden · 9 days ago · Stickied comment

This submission has been removed because it does not meet the subreddit submission guidelines (rule 1). Other subreddits are better equipped to address these topics:

  • /r/almosthomeless if you are homeless or in immediate danger of becoming homeless and need advice or assistance.

  • /r/homeless for homelessness-related articles and resources.

  • /r/assistance is a place to request various types of assistance big or small.

  • /r/food_pantry is a place where you can request a meal or hygienic necessity.

  • /r/randomkindness is for when a small act of kindness can go a long way.

  • /r/frugal for tips on maximizing resource allocations.

  • /r/beermoney for discussing ways to make some extra cash online.

  • /r/slavelabour for odd jobs listings.

  • /r/depression is a supportive place for those struggling with depression.

[deleted]
1 point · 10 days ago

[removed]

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Moderator of r/personalfinance, speaking officially1 point · 9 days ago

Flaming and personal attacks are not okay here. Please do not do this again.

[deleted]
1 point · 9 days ago

[removed]

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Moderator of r/personalfinance, speaking officially1 point · 9 days ago

Using combative language that is likely to elicit an emotional response. Generally any commentary directed at the user rather than the idea is discouraged.

1 point · 9 days ago · edited 9 days ago

I feel for you. #1 take care of yourself. You can not lose your job.

#2 - when the landlord calls you to do something from 1000 miles away, politely say that you cannot and encourage him to call the police or an ambulance.

You have tried, your father is not listening to you, he is an adult. You are not responsible for another adult especially one that has already mentally scarred you. He will get committed. It's much easier to do most of this after he gets committed or is in some type of nursing facility. Someone will be appointed his guardian, maybe you. They will apply for his SS and for Medicaid.

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Moderator of r/personalfinance, speaking officially1 point · 9 days ago

Please note, using "# " at the start of a line makes the text bold. Using " # " is the correct formatting.

Moderator of r/personalfinance, speaking officiallyScore hidden · 9 days ago · Stickied comment

AskReddit-style questions, surveys, and polls aren't allowed on this subreddit so this post has been removed (rule 1).

Please feel free to repost a question about your finances and be sure to include enough information about your situation or the specific questions you have so that you will get helpful answers.

u/PaxilonHydrochlorate
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