FBAR filing for closed account?

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lanman2000
Posts: 143
Joined: Wed Jul 29, 2009 8:30 am

FBAR filing for closed account?

Post by lanman2000 »

I have a question about the US requirements for "Report of Foreign Bank and Financial Accounts (FBAR) - Form TD F 90-22.1". If I had bank accounts in Canada with TD and then closed them and moved all the money to CIBC do I have to report my old closed TD accounts AND my new CIBC accounts or just the new CIBC accounts?

I've googled far and wide for this but nobody seems to have ever asked this question before... Pretty unbelievable as its a fairly common thing...

Thanks in advance for your help.
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nelsona
Posts: 18678
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Any account you had during the year in question is to be reported.

Btw. This is also true for from 8891 for any RRSPs you transfer during a year. Both old and new must be reported.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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lanman2000
Posts: 143
Joined: Wed Jul 29, 2009 8:30 am

Post by lanman2000 »

Great thanks.
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