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#545901 - 05/10/06 03:52 PM Filing CTRs on Joint Accounts
Simply Sheldon Offline
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Simply Sheldon
Joined: Oct 2005
Posts: 2,047
S.E. TX
When you file a CTR on an individual, as I understand it, if the transactions are involved with a joint account you have to include both individuals on the account. In other words you must check Box B for multiple persons. If I understand it correctly we have to assume that the transactions conducted where on behalf of both individuals. Am I interpreting this correctly?

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#545902 - 05/10/06 04:31 PM Re: Filing CTRs on Joint Accounts
John Burnett Online
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John Burnett
Joined: Oct 2000
Posts: 39,630
Cape Cod
That is true, Sheldon, if you're dealing with a deposit, since all joint owners of the account benefit from the deposit.

However, if you're dealing with a withdrawal, you start with the assumption that only the transactor will benefit from the withdrawal unless you get information to the contrary.
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#545903 - 05/10/06 05:41 PM Re: Filing CTRs on Joint Accounts
Simply Sheldon Offline
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Simply Sheldon
Joined: Oct 2005
Posts: 2,047
S.E. TX
Thank you. Apparently we've been doing everything right so this is good reassurance.

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