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CTR Filing on Separate Deposits

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We have a customer, Joe, who is the sole-proprietor of Joe's Auto. He has a Joe's Auto account and a joint account with his wife. He brings in $6000 and deposits it into his Joe's Auto account and deposits $6000 into his joint account. I know we need to file a CTR on Joe, but do we need to also complete section A on Joe's Auto and his wife since their portions are less than $10,000?

Yes, you have to indicate all of the parties on whose behalf the deposits were made in additional Section A entries.

First published on 7/16/07

First published on 07/16/2007

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