How to report undeposited cheque in FBAR

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snowbird
Posts: 30
Joined: Sat Mar 13, 2021 8:37 pm

How to report undeposited cheque in FBAR

Post by snowbird »

I closed one Canadian account last month, they sent me a cheque.
I didn't deposit cheque yet, how to report this part of money in 2021 FBAR?
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nelsona
Posts: 18697
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: How to report undeposited cheque in FBAR

Post by nelsona »

You don't report individual transactions, you report accounts. Your withdrawal didn't create a new account, so you report the old account with its maximum annual value.
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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