A customer came in and withdrew over $14,000 in cash from his business account (not a DBA)
He then brought the same cash back in a few hours later saying he was going to buy a vehicle but the seller backed out of the deal.
The cash in CTR would have him as the conductor making the deposit on behalf of the business.
Am I correct in thinking that the cash out CTR would depend on if the vehicle was for the business or personal use?
Business use would be the same as above, but if he were buying a car for personal use wouldn't be on his own behalf?
I am going to call the teller and see if he mentioned what he was buying, but if they don't know, how do I complete the CTR?
PS Our software keeps our CTR's for cash ins and outs separate, that is why I am completing two different forms.
Auto racing, bull fighting, and mountain climbing are the only real sports ... all others are games. - Ernest Hemingway