Travelling with cash above 10,000 us dollars

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sindra

Registered Users (C)
Hi, I would like anyone who have experienced travelling with cash exceeding the amount that is permitted to travel with....let's say for example 50,000 dollars well definitely it will have to be declare at the port of entry so can anyone guess how much tax have to be paid on that amount.I am thinking of selling my property here and would not like to do a bank to bank transfer for that would amount to a lot of money to do that transaction so the next option is to travel with the cash.Thank you.
 
sindra said:
Hi, I would like anyone who have experienced travelling with cash exceeding the amount that is permitted to travel with....let's say for example 50,000 dollars well definitely it will have to be declare at the port of entry so can anyone guess how much tax have to be paid on that amount.I am thinking of selling my property here and would not like to do a bank to bank transfer for that would amount to a lot of money to do that transaction so the next option is to travel with the cash.Thank you.
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50,000???? :eek: Can i be your friend? :D :D :D
If you can split up the money among your family members travelling with you, the total money per person would be less and you pay less in taxes??m not sure about how much in tax you have to pay as it depends on the country you are travelling to. You may want to check with the customs department of that country.
 
Hey you both,I would like you to be my friends.Thanks for the answer too but I did research if each family members could take in 10,000 each but the customs form have you have to fill it up as a family with more than 10,000 dollars must be declared on the form.I have'nt sold my house and car yet but am thinking of doing so after we recieved the visa and I am looking at options on how to carry it over to the USA.What I would like to know is someone who travelled with more than the above cash how the customs officer determined how much tax to deduct.I could always go over and come back until I took all over without having to declare it but it may end up and cost more than what taxes I will have to pay.Hope someone can advice me more.Any suggestion is welcome by my two friends too.
 
We had a client who came to the US with $ 90,000 in cash and travellers check, the FBI detained him for 5 hours for questioning. So if you come with so much cash have the deed of sale of your house and car with you else you will have a hard time.
 
Thanks bp,I really did'nt think of that well if I do make that decision then I will definitely walk with those proof of sale for I won't wish to be grilled by the FBI with four kids at my side too.
 
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