How much money $s can I take to the U.S on a K1 visa

[yukfou 0]

Hey team

I am sure this question has arrised in the past. I am just curious as to how much money can I take to the U.S on a K.1 visa?....cash that is! I actually wanted to take traveller checks with me but for some stupid reason american express has stopped giving out traveller checks about a month ago in Pakistan. The only way I can get traveller checks is by having a foregin exchange account and it takes time to open it which unfortunately I don't have.

Its only $15K that I am taking with me so not like I am taking a million in cash, I wish I was though The customs at the aiport won't bother me right? or will they tax me after certain amount?

Thank you guys.

[TinTin and Samby 11]

Hey team

I am sure this question has arrised in the past. I am just curious as to how much money can I take to the U.S on a K.1 visa?....cash that is! I actually wanted to take traveller checks with me but for some stupid reason american express has stopped giving out traveller checks about a month ago in Pakistan. The only way I can get traveller checks is by having a foregin exchange account and it takes time to open it which unfortunately I don't have.

Its only $15K that I am taking with me so not like I am taking a million in cash, I wish I was though The customs at the aiport won't bother me right? or will they tax me after certain amount?

Thank you guys.

You can take any amount. However, if you travel with more than 10,000 USD on a sinlge trip, you MUST disclose it on the appropriate customs forms.

Warm Regards,

Samby

[yukfou 0]

Thank you Samby. I've just found information pertaining to my question on the U.S customs website. I guess I can take any amount and there is no tax on it but I just have to declare it.

Here is the source

http://help.cbp.gov/cgi-bin/customs.cfg/ph...HRvIHRoZSBVLlM*

[Nich-Nick 3,354]

Just wanted to add a quick comment about cash over $10,000. It probably has to do with the Patriot Act of 2001 and the part dealing with money laundering. They just want a paper trail of large sums of cash that move about, especially from foreign accounts/visitors. There's extra paperwork regulations for financial institutions now. A bank or broker has to report deposits/transfers over $10k. It's supposed to help in drug trafficking and identifying terrorist funding activities. So the form you would present at customs just makes a record for the paper trail. I would think by doing so, shows you have nothing to hide and it's your legitimate money. No tax, just a record to comply with the law.

(No, I haven't been studying this because I want to launder money. I work for a broker, and it's required for all employees to be trained in the regulations. So I had to take a little learning module on the computer system and pass a short test so they could tick-off that I had been suitably trained)

[baezalex 0]

dont take more the $9,999 because you will be taxed on in forget patriot act or anything always been the law can go out or cant come in with $10,000 and you will be taxed 15-20% that kinda sucks if you ask me just send 6,000 western union and pick it up when you get here

[Mags 112]

If you take over $10,000 and don't declare it (and are found out at the airport) you will have your money confiscated and you'll never lay eyes on it again...

[yukfou 0]

dont take more the $9,999 because you will be taxed on in forget patriot act or anything always been the law can go out or cant come in with $10,000 and you will be taxed 15-20% that kinda sucks if you ask me just send 6,000 western union and pick it up when you get here

There is NO tax on any amount you take but you just have to declare it. Here is the source to prove it.

http://help.cbp.gov/cgi-bin/customs.cfg/ph...HRvIHRoZSBVLlM*

[yukfou 0]

Sorry I think the link is not working so here is a copy and paste for ya from the Faqs of customs website . Though I do think amount over 10 k should be wired. You never know if they are in a bad mood, we might get screwed

Question

Traveling with monetary instruments, currency, checks, etc., do I have to pay duty?

Answer

Customs and Border Protection (CBP) does not collect duty on currency. However, travelers leaving or entering the U.S. are required to report monetary instruments (i.e. currency or checks) valued at $10,000 or more on a "Report of International Transportation of Currency or Monetary Instruments" form FinCEN 105. You can obtain the form in advance and download it from here FinCEN 105, or a CBP officer can give it to you upon your departure or return to the U.S. Failure to declare currency in amounts of over $10,000 can result in its seizure. Information on the FinCEN 105 is provided to the IRS, and they determine whether or not the importation of monies constitutes income subject to taxation. The requirement to import currency on a FinCEN 105 does not apply to imports of gold bullion.

[verunka 0]

I brought over 10K in cash and declared everything including every other coin i had, dollars, pounds, crowns, euros, and the officer made sure he wrote it right. he gave me really hard time, spent there about 30 mins trying to explaining how I saved that amount in cash. he didnt believe me that I saved it and all tat. I told him I had proof from all of my bank acc and working in the Uk, paying tax for that bla bla bla. But he was probably happy giving me hard time coz he had something to do in that boring afternoon.

Yes, u should declare it. Also, in the bank following monday, when i opened new bank account, the lady told me, she had to report any amount over 10K.

Good luck.

[yukfou 0]

I brought over 10K in cash and declared everything including every other coin i had, dollars, pounds, crowns, euros, and the officer made sure he wrote it right. he gave me really hard time, spent there about 30 mins trying to explaining how I saved that amount in cash. he didnt believe me that I saved it and all tat. I told him I had proof from all of my bank acc and working in the Uk, paying tax for that bla bla bla. But he was probably happy giving me hard time coz he had something to do in that boring afternoon.

Yes, u should declare it. Also, in the bank following monday, when i opened new bank account, the lady told me, she had to report any amount over 10K.

Good luck.

Wow, it seems like a hassle and waste of time at the airport. I am leaving right now to wire the money to my fiance well what ever amount I have over 10k. I don't want to deal with custom guys over a couple of grand. I'll just carry the 10k with me and buy some beer at the airport, this way I'll have less then 10k and don't have to declare squat