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Including a Trust on a CTR

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Question: 
We have a client who deposited a reportable cash transaction into he and his wife's trust account. We know we have to file the CTR for both wife and husband (joint account) but do we have to include the trust as a beneficiary?
Answer: 

A cash deposit to a trust account is treated no differently than a deposit to any other legal entity.

First published on 04/14/2024

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