Bringing in high value items to the US

[dancingcrab 0]

Hello there. I have touched briefly on this in another topic, but would be grateful if someone could clarify for me.

Bascially, I'm going to be bringing in a couple of higher value items when I enter the USA with my K1 visa. This includes a pure gold 20 CH fr. piece and a 5g gold ingot. They are not massively valuable, but are between $150 and $200 each. Will I get taxed for them? At what price-point do things need to be declared?

How about high value gifts?

Thanks for any help!

[Otto 83]

Bascially, I'm going to be bringing in a couple of higher value items when I enter the USA with my K1 visa. This includes a pure gold 20 CH fr. piece and a 5g gold ingot. They are not massively valuable, but are between $150 and $200 each. Will I get taxed for them? At what price-point do things need to be declared?

You're not going to be taxed on these items. (If you were bringing $10,000 in cash/jewelry/etc. you'd have to declare.)

Edited August 18, 2009 by Otto und Karin

[Penguin_ie 5,997]

You're not going to be taxed on these items. (If you were bringing $10,000 in cash/jewelry/etc. you'd have to declare.)

We brought in some valuable antiques through a shipping company, so there was a customs manifest with the value of each item etc. We did not get charged any customs fees, as they were our items and not for sale. I also have "Gold Vreneli" btw

[dancingcrab 0]

How about gifts purchased within the last year? Are they subject to tax when declared?

Edited August 18, 2009 by d00der

[Krikit 1,165]

Some very helpful links for you from Customs & Border Protection (CBP) Find Answers:

Moving to the US

Gifts

[imaisha 1]

Gifts are not considered household or personal items. Anything above $100 (total for all gifts) must be declared and is dutiable.