That I should know the answer to.... But it's Friday and I am drawing a blank. Customer (restaurant) deposits $10,500 in cash, then they cash a check for $1100 for petty cash for the weekend. I know we don't aggregate and we don't net.... so what goes on the form?? Just the cash in amount, both amounts, do I not need to file - I can't believe I don't know this.... THANKS

Report cash in only, no net. You received $10500 incoming - you gave $1100 outgoing. The outbound currency is under $10k, so no report for that side. Have a good weekend!

I agree with Bart...only report the cash in since it was over $10K and not the amount of the cash out...

Only the cash in is reported. If this is going to be normal activity, give the restaurant an exemption and report nothing.

That's my usual tactic Steve, but they haven't had their account opened quite long enough! We are in a heavy summer tourist area and do a lot of restaurant exemptions....