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CTRs on joint accounts

Answered by: 

Question: 
If a cash deposit for $15,000 into a joint account, do I report it on one of the joint owners or both?
Answer: 

You report the 2 Part Is—one on each of the individuals who own the joint account since they both benefit from the funds. On the money going out, it could just be on the one owner.

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First published on 10/16/2022

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