CTR - complicated??

Posted By: unknown

CTR - complicated?? - 09/29/21 07:25 PM

Here’s the scenario:

A deposits $500 into account owned by A, B, C

E deposits $7000 into account owned by E, B, C

B deposits $6000 into account owned by B and F.

So, B is the account owner for all three accounts.


Two Part 1 sections for “B”, correct?
For “B”, we would put $6000 (Conductor on own behalf) and also $7500 (account owner on behalf of)?
And list the other owners accordingly?
Posted By: John Burnett

Re: CTR - complicated?? - 09/29/21 09:01 PM

The trigger for the CTR is the fact that there was $13,500 deposited on behalf of B

All three deposits are included, so yes, you have

Part I for B, with 2a and 3 checked, for $6,000
Part I for B, with 2c and 3 checked, for $7,500
Part I for A, with 2c checked, for $500
Part I for C, with 2c and 3 checked, for $7,500
Part I for E, with 2a checked, for $7,000
Part I for F, with 2c checked, for $6,000
Posted By: unknown

Re: CTR - complicated?? - 09/30/21 02:09 PM

Thank you
Posted By: unknown

Re: CTR - complicated?? - 10/13/21 08:59 PM

Here’s this scenario:

John deposits $6000 cash into Business A and $7000 cash into Business B. Businesses are not comingling funds.

Mark deposits $200 cash into Business A.

Part I for Business A with 2c - $6000
Part I for Business B with 2c - $7000
Part I for John with 2b, multiple - $13000

Does Mark go on this CTR even though Business A did not go over $10000?
Posted By: Sunshine Lady

Re: CTR - complicated?? - 10/13/21 09:01 PM

Mark does not go on the CTR because Business A did not receive benefit of over 10k.
Posted By: BrianC

Re: CTR - complicated?? - 10/13/21 09:01 PM

Correct.

Mark's deposit is not aggregated because Mark did not conduct over $10,000 and business A did not have over $10,000 deposited on its behalf.

Our CTR aggregates John's two deposits because John conducted over $10,000.
Posted By: unknown

Re: CTR - complicated?? - 12/07/21 03:04 PM

Hi John,

Going back to the initial scenario - if A also made a deposit of $1000 cash into his sole account, would this deposit need to be reported for A as additional 2a? Or is this deposit not reported since the CTR triggered based on B?
Posted By: BrianC

Re: CTR - complicated?? - 12/07/21 05:16 PM

A did not deposit more than $10,000 and A did not have more than $10,000 deposited on their behalf so that would not be aggregated.