Here's the scenario
Business A: 14,393 cash brought in by Transactor 1
Business B dba ABC: $2,675 brought in by Transactor 1
Business B dba XYZ: $4,790 brought in by Transactor 2
Business B is organized under Transactor 1's SSN.
So I know I have to report Business A and Business B dba ABC due to both transactions being brought in by Transactor 1. My question is, do I have to bring in Business B dba XYZ by transactor 2? The reason I am thinking it might, is because it is part of Business B which is being reported on. The reason why I don't think it should be is because Transactor 2 and Business B total deposits of cash are both less than $10,000.00.
Any feedback would be appreciated.
Last edited by Bec; 05/24/18 05:29 PM.
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