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#1949366 - 08/05/14 08:23 PM CTR Question
BSA Lady Offline
100 Club
Joined: Jul 2012
Posts: 124
My brain is not working today. Can someone help?

60k in cash deposited into a Realtor's account. (Escrow)

Owner of Realty came in with his client to deposit funds.

Owner also deposited 610.00 into another one of his accounts.

How would the CTR read?

Thanks in advance.
Last edited by BSA Lady; 08/05/14 08:26 PM.
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#1949374 - 08/05/14 08:29 PM Re: CTR Question BSA Lady
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,724
Illinois
There will be three Part I's

Realty - Check box 2c deposit on whose behalf transaction was conducted. Check Box 3 Multiple transactions. $60,610 cash in.

Client - Check box 2a conducted on own behalf for $60,000 cash in.

Realtor - Check box 2b - Transaction conducted on behalf of another - $60,610 cash in.
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#1949376 - 08/05/14 08:32 PM Re: CTR Question BSA Lady
BSA Lady Offline
100 Club
Joined: Jul 2012
Posts: 124
THANK YOU!

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#1949434 - 08/05/14 09:59 PM Re: CTR Question BSA Lady
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,724
Illinois
As a follow-up my answer above assumes that the "Other account" the $610 went into was an operating account for the realty. If it went into the realtor's personal account, then check box 2a for the realtor since he conducted the $610 on his own behalf.

Thanks to Cornhusker for pointing out this alternative interpretation to me.
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