Funds Transfer

[otto]

I am a US citizen and a Canadian Resident. During my first year of living in Canada I moved funds from my US bank account to my canadian bank account. I did this via personal check that was more than $10,000. I just wrote out the check and deposited it my Canadian bank. The check cleared and it was no problem.

My question is whether I am responsible for reporting this transaction or -- as in the case of wire transfer -- the banks report it to the IRS themselves.
I do fill out the yearly TDF 90-22.1.


Thanks.

Otto

[nelsona]

The banks take care of this. Yo uare only required to report when you carry large sums of untraceable money (cash, thrd-paty endorsed checks, etc) across the border.