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#2261253 - 10/19/21 05:33 PM CTR Question
Complycated Offline
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I feel really dumb for having to ask this question at this point in my career, but I'm stuck in a loop of overthinking and can't get out. This is the scenario: Two individuals come in together and both sign to withdraw $15,000 in cash from their joint account. So both conducted the transaction and both will benefit from it. How many Part I entries will we have? Due to the multiple roles will each person have a 2a, 2b, and 2c page or is it a lot simpler than that? Thanks in advance.

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#2261260 - 10/19/21 06:14 PM Re: CTR Question Complycated
rlcarey Offline
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rlcarey
Joined: Jul 2001
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Galveston, TX
You have two individuals that conducted a transaction on their own behalf.
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#2261261 - 10/19/21 06:17 PM Re: CTR Question Complycated
Complycated Offline
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Joined: Aug 2013
Posts: 149
So since it was just one transaction with one amount of currency it isn't considered having multiple roles and multiple Part I pages aren't needed? This is what I'm hung up on since the FAQs changed.

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#2261263 - 10/19/21 06:27 PM Re: CTR Question Complycated
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 77,591
Galveston, TX
If two people are conducting a transaction on a joint account, what other choices are there?
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#2261564 - 10/25/21 09:06 PM Re: CTR Question Complycated
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,408
Cape Cod
If the two individuals each did separate cash deposit transactions in their joint account, you would have four part 1 sections.

A as conductor on own behalf (2a and 3 checked)
B as person on whose behalf (2c and 3 checked)
B as conductor on own behalf (2a and 3 checked)
A as person on whose behalf (2c and 3 checked)

But when there's only one transaction co-conducted, just two part 1 sections.
A with 2a checked
B with 2a checked
Last edited by John Burnett; 10/25/21 09:07 PM. Reason: spelling correction
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