HelloWorld08 Posted June 15, 2009 Report Share Posted June 15, 2009 my fiancee plans to bring about $10,000 USD, does she need to declare this and will there be some sort of tax or fees associated with this amount? what if we split the amount to carry, does it make a difference? Link to comment Share on other sites More sharing options...
Guest jin979 Posted June 15, 2009 Report Share Posted June 15, 2009 (edited) over $10,000 you must declare. bty I'm moving this to another furum, hope you dont mind Edited June 15, 2009 by jin979 (see edit history) Link to comment Share on other sites More sharing options...
samsong Posted June 15, 2009 Report Share Posted June 15, 2009 ...but if you split it, you won't have to report it. Link to comment Share on other sites More sharing options...
HelloWorld08 Posted June 15, 2009 Author Report Share Posted June 15, 2009 over $10,000 you must declare. bty I'm moving this to another furum, hope you dont mind thanks for moving it. Link to comment Share on other sites More sharing options...
HelloWorld08 Posted June 15, 2009 Author Report Share Posted June 15, 2009 ...but if you split it, you won't have to report it. cool, i just wanted to confirm it. Link to comment Share on other sites More sharing options...
whome? Posted June 15, 2009 Report Share Posted June 15, 2009 The US Customs and Border Protection website (CBP.GOV) has this answer and many other answers to questions relating to entry in the USA, international travel, etc. The FAQ response to this question is: There is no limit on the amount of money that can be taken out of or brought into the United States. However, if a person or persons traveling together and filing a joint declaration (CBP Form 6059- have $10,000 or more in currency or negotiable monetary instruments, they must fill out a "Report of International Transportation of Currency and Monetary Instruments" FinCEN 105 (former CF 4790). If assistance is required, a Customs and Border Protection (CBP) officer can help with filling out the form. Please be aware, if persons traveling together have $10,000 or more, they cannot divide the currency between each other to avoid declaring the currency. For example, if one person is carrying $5,000 and the other has $6,000, they have a total of $11, 000 in their possession and must report it on a FinCEN 105. If a person or family fails to declare their monetary instruments in amounts of over $10,000, their monetary instrument(s) may be subject to forfeiture and could result to civil and criminal penalties. The FinCEN 105 can be obtained prior to traveling or when going through CBP. Link to comment Share on other sites More sharing options...
Sebastian Posted June 15, 2009 Report Share Posted June 15, 2009 (edited) Ya - I've had to do this - reporting is NOT A PROBLEM. Just fill out the form. There are NO FEES when carrying currency through a POE. Edited June 15, 2009 by Sebastian (see edit history) Link to comment Share on other sites More sharing options...
dnoblett Posted June 15, 2009 Report Share Posted June 15, 2009 You will not be taxed on foreign income, so simply be honest and declare it at customs. Link to comment Share on other sites More sharing options...
whome? Posted June 16, 2009 Report Share Posted June 16, 2009 You will not be taxed on foreign income, so simply be honest and declare it at customs. Actually you are taxed on foriegn income you declare if you decide to file as a US legal resident but you are not taxed on money you bring into the country. I hope he got to read the answer before taking his flight today .... Link to comment Share on other sites More sharing options...
Stone Posted June 16, 2009 Report Share Posted June 16, 2009 She can wire this amount to your bank account for a fee. She can inquire this at a large Bank of China branch. Carrying large amount of cash involves risk. Other options include American Express traveler's check, Western Union, a VIP Visa/Master Card from her local bank. Link to comment Share on other sites More sharing options...
Guest Pommey Posted June 16, 2009 Report Share Posted June 16, 2009 you can buy money panties in China real cheap, get lots of cash in there and safe. Jin still carries cash in them here Link to comment Share on other sites More sharing options...
HelloWorld08 Posted June 16, 2009 Author Report Share Posted June 16, 2009 You will not be taxed on foreign income, so simply be honest and declare it at customs. Actually you are taxed on foriegn income you declare if you decide to file as a US legal resident but you are not taxed on money you bring into the country. I hope he got to read the answer before taking his flight today .... thanks for everybody's response, i got the answer!! Link to comment Share on other sites More sharing options...
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