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#2093710 - 08/17/16 03:17 PM How to report a cash in and currency exchange CTR?
Amandak Offline
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Joined: Jul 2013
Posts: 80
Wisconsin
So here is the scenario... business customer brings in a deposit of $15,773 in cash and also does a currency exchange of $315. On the CTR in box 21/22 do I put $15,773 or $16,088?

Then in box 25 put $15,773 deposit and $315 currency exchange? Correct.

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#2093782 - 08/17/16 06:12 PM Re: How to report a cash in and currency exchange CTR? Amandak
Beachbum, CRCM Offline
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Joined: Dec 2006
Posts: 482
Knee Deep in Regs
We would report 15,773 in box 21 because the exchange never went in or came out of an account, and report 16,088 in box 25, $15,773 deposit and $315 currency exchange
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What we think, we become.
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#2093785 - 08/17/16 06:18 PM Re: How to report a cash in and currency exchange CTR? Amandak
Amandak Offline
Member
Joined: Jul 2013
Posts: 80
Wisconsin
That is what I was thought but just want to check. Thank you!

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#2093788 - 08/17/16 06:24 PM Re: How to report a cash in and currency exchange CTR? Amandak
Big Dog Offline
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Posts: 2,659
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Box 21 should be a total of all cash in, including exchanges. Exchanges have a cash in and a cash out for CTR purposes. In the above example, the cash out would not be reported since it is under the reporting threshold
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#2093791 - 08/17/16 06:29 PM Re: How to report a cash in and currency exchange CTR? Amandak
Beachbum, CRCM Offline
Gold Star
Joined: Dec 2006
Posts: 482
Knee Deep in Regs
I will defer to you Big Dog smile
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What we think, we become.
Buddha

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#2093799 - 08/17/16 06:39 PM Re: How to report a cash in and currency exchange CTR? Amandak
Amandak Offline
Member
Joined: Jul 2013
Posts: 80
Wisconsin
Thanks for the clarification Big Dog.

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