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#738227 - 05/22/07 08:51 PM CTR for Minor Account
mkp122 Offline
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Joined: Aug 2005
Posts: 219
NJ
We have a customer who deposited money into an individual account and into a UTMA account. Currently I have the minor's info in Section A and the custodian's info in section B with both accounts listed in item #35. Is this correct?

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#738579 - 05/23/07 02:39 PM Re: CTR for Minor Account mkp122
JacF Offline

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Joined: Nov 2001
Posts: 6,719
PA
If I understand you correctly, the custodian made a deposit on his/her own behalf, as well as a deposit to the minor's account. As such, you will need to check Multiple Persons at the top, list the custodian (since he/she owns the individual account) in section A, then check box e- conducted on own behalf in section B. Then, on the second page, complete section A for the minor.

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#738739 - 05/23/07 03:54 PM Re: CTR for Minor Account JacF
Sing A Little Offline
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Sing A Little
Joined: Jul 2006
Posts: 3,889
CA
Jac is right on the money, that is how I would fill out the CTR.
_________________________
He who sings scares away his woes. ~Cervantes

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#805957 - 08/30/07 03:40 PM Please help - CTR for Minor Account Sing A Little
WonderWoman Offline
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WonderWoman
Joined: Mar 2007
Posts: 2,108
gone fishin'
What do you use for Box 14 on the CTR (Identification) for a Minor? He does not have a driver's license.
Last edited by newbsa; 08/30/07 04:49 PM.
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#806830 - 08/31/07 01:08 PM Re: Please help - CTR for Minor Account WonderWoman
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Since the minor did not conduct the transaction - enter N/A:

Item 14. If an Individual, Describe Method Used To
Verify Identify. If an individual conducts the
transaction(s) on his/her own behalf, his/her identity must
be verified by examination of an acceptable document
(see General Instructions). For example, check box a if
a driver’s license is used to verify an individual’s identity,
and enter the state that issued the license and the number
in items e and f. If the transaction is conducted by an
individual on behalf of another individual not present
or on behalf of an entity, enter N/A in Item 14.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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