how much money do you need to get into the states?

[bogartnoir 1]

hello everyone!

g's moving day to the states is just 2 weeks away and i have a VERY important question for you...

do they ask how much money you have when you cross the border with the k-1 visa? do you need a certain amount to cross?

because my fiance has practically NONE. i mean seriously. is there a baseline requirement or do they just let you pass through without asking questions like that?

thanks again, you guys!

[Danu 19]

they don't care as long as you dont bring more than 10k across, because at that point you would be taxed. I crossed with all my money still in my Canadian account, there was no questions, they only ask if you have money to make sure if its over the tax amount that they get paid.

[MrsCat 6]

A K-1/CR-1 is unlike a student visa where you have to prove certain assets to enter the country. You're financially responsible for him, so his assets (or lack there of) are a moot point for denying entry.

[CDAgirlMI 51]

they don't care as long as you dont bring more than 10k across, because at that point you would be taxed. I crossed with all my money still in my Canadian account, there was no questions, they only ask if you have money to make sure if its over the tax amount that they get paid.

You will NOT be taxed on any money over $10,000. You MUST declare it, but it is not subject to any taxes.

[Wis-Can 0]

No it doesn't matter

[Danu 19]

You will NOT be taxed on any money over $10,000. You MUST declare it, but it is not subject to any taxes.

Oops..thanks for the correction!

[Darnell 8,478]

they don't care as long as you dont bring more than 10k across, because at that point you would be taxed. I crossed with all my money still in my Canadian account, there was no questions, they only ask if you have money to make sure if its over the tax amount that they get paid.

Is that a special 'Candien' thing?

Cause I know it's 10K and under - not need to DECLARE it at CUSTOMS, but thats NOT for TAX Purposes.

IMO, you can carry 300K of US Currency, and even more, and not be TAXED on it, at the BORDER.

there is no 'tax amount' - perhaps is different 'label' ?

[Danu 19]

i already said i was wrong.

[CDAgirlMI 51]

Is that a special 'Candien' thing?

Cause I know it's 10K and under - not need to DECLARE it at CUSTOMS, but thats NOT for TAX Purposes.

IMO, you can carry 300K of US Currency, and even more, and not be TAXED on it, at the BORDER.

there is no 'tax amount' - perhaps is different 'label' ?

Read my above post.

It's not a Canadian thing. It's a US Customs thing.

[Kathryn41 3,205]

Just make sure he has $6 or 7 dollars US to pay for the I-94. Other than that they won't care.

[BriCar 0]

You will NOT be taxed on any money over $10,000. You MUST declare it, but it is not subject to any taxes.

I think over 10K triggers a question at the bank when it's deposited, like where is this large amount coming from?

Like maybe it's from illegal drug sales or some other unusual activity.

So have fun makin money in the US the taxes are lower, the potential is unlimited, and for helpful, hard working detail oriented Canadians there are lots of jobs to be had in the great Capitalist machine called the USA!

Happy Dreams!

[Texanadian 10]

I think I paid $18 at the border for processing fees.

[Malrothien 6]

I think over 10K triggers a question at the bank when it's deposited, like where is this large amount coming from?

Like maybe it's from illegal drug sales or some other unusual activity.

So have fun makin money in the US the taxes are lower, the potential is unlimited, and for helpful, hard working detail oriented Canadians there are lots of jobs to be had in the great Capitalist machine called the USA!

Happy Dreams!

It has to be reported to the IRS when an amount over $10000 is deposited into a bank account.

[Gary and Alla 3,694]

they don't care as long as you dont bring more than 10k across, because at that point you would be taxed. I crossed with all my money still in my Canadian account, there was no questions, they only ask if you have money to make sure if its over the tax amount that they get paid.

No amount of money is required. 10K does not trigger a tax. 10K triggers a "raised eyebrow" and maybe some questions as to how it was obtained, "you are moving to the US?" No problem. The money you bring from a foriegn coutry, which was earned and taxed in a foreign country is not "income" and is not subject to tax.

That said, we just left money overseas and withdrew by ATM as needed.

[Gary and Alla 3,694]

It has to be reported to the IRS when an amount over $10000 is deposited into a bank account.

Wow, where does all this come from. Banks report depsoits of over $3000 cash (which is not in a business account) or $10,000 in any form to the dept. of the Treasury, this is NOT the same as the IRS. This in turn gets reported to Homeland Security. It is not a tax matter per se, it is a matter of a means to catch criminal activity. It is how they caught the Governor of NY paying for protitutes. Not only is he strange he is really stupid.

A single depost of large amounts, say after selling a home or a big bonus at work will not trigger an investigation, particularly if it from a known source (an insurance settlement for example) But multiple large deposits from strange sources or unknown sources may have the DEA coming to talk to you.