Do I have to declare less than $10,000 in cash to US customs when coming back from vacation?
- By
- Aparna Patel
- |
- 27 Jul, 2023
- |
If you have various undeclared kinds of currency, (whether coins or banknotes, and whether US issue or not), that, when added together, superede the $10,000 threshold, you need to select
YES
and declare it.
New rules passed in 2012, you need to submit fin105_cmir Form.
Prepaid access devices count as “monetary instruments” like bitcoin wallet, prepaid credit card (money that can be spent by anyone who bears the instrument) need to be declared.
More Info US Gov Declaring currency when entering the U.S. in-transit to a foreign destination
The form you have to fill out on landing asks
I am (we are) carrying currency or monetary instruments over $10,000 US or foreign equivalent
And you can choose Yes or No
It does not ask you to fill out that you have $73.87 with you. What the article is saying is that when you answer that question, you must include your foreign bills, foreign coins, solid gold collector coin worth $5000 each, and various cashlike things such as money orders. You can’t later say “oh! I thought you just meant US cash!” or “oh! I didn’t count these Krugerrands they aren’t money really!”
Any regular watcher of Border Security will observe people who say “no” to that question, have tens of thousands of dollars with them, and say things like “well I have $9000 US (or Canadian) and the rest is Chinese money so it doesn’t count.” It counts.
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It would plainly be ridiculous to require all travelers to declare the small change in their pockets, yet allow undeclared paper money up to $10,000.
What the second part tries to say is that all kinds of currency, whether coins or banknotes, and whether US issue or not, count towards the $10,000 threshold. (And if you do hit that threshold, then in principle you must declare all of what you’ve got, including pocket change).
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Credit:stackoverflow.com‘
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