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#1289588 - 11/19/09 04:12 PM CTR - how to complete
codyc Offline
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Joined: Apr 2009
Posts: 9
Customer has large check - deposits small amount into joint checking, cash out is over $10,000. Should Part I be on receiver of cash only or both account owners? Part III - Boxes 32, 34 and 35 all checked?

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#1289629 - 11/19/09 04:35 PM Re: CTR - how to complete codyc
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,868
Cape Cod
Treat the transaction as you would a cashed check over $10,000. You don't report the deposit at all.
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#1290431 - 11/20/09 03:52 PM Re: CTR - how to complete John Burnett
nemsi Offline
Gold Star
Joined: Nov 2005
Posts: 383
IF THE CHECK IS PAYABLE TO BOTH ACCOUNT HOLDERS I WOULD ASSUME THAT THEY BOTH WILL BENEFIT FROM THE CASH- I WOULD COMPLETE 2 SECTION A's. IF CHECK IS ONLY PAYABLE TO THE INDIVIDUAL CASHING THE CHECK I WOULD COMPLETE 1 SECTION A.

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