There will be four part 1s. But not quite as you've described them.
Last edited by John Burnett; 07/26/22 09:26 PM. Reason: add clariity
John, 2a and 3 checked, $500 with the joint account number
John, 2b and 3 checked, $11,000, with the LLC account
Wife, 2c checked, $500 with the joint account number
LLC, 2c checked, $11,000, with the LLC account number
Deposits by a conductor to his joint account only have the 2a designation. You don't do a 2b. The second Part 1 for a joint account deposit by an owner is the 2c for the joint owner. That's all. The combination of the two part 1s with a common account number shown indicates it's a deposit to a joint account owned by the two identified individuals.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8