#21
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Re: WSOP Preregistration and support problems
[ QUOTE ]
from help.cbp.gov: Question Traveling with monetary instruments, currency, checks, etc., do I have to pay duty? Answer Customs 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. [/ QUOTE ] Is this only coming into the U.S. or traveling within the U.S.? If I go from Baltimore to Vegas can I bring 10K? Should I put it in my bag or carry it on? Thanks. |
#22
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Re: WSOP Preregistration and support problems
I never check bags containing anything worth stealing///10K is only entering/leaving US
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#23
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Re: WSOP Preregistration and support problems
Checked bags have to remain unlocked, or they will cut or break the lock. Putting 10 grand in a checked bag is like scotch-taping it to the outside.
I would just keep it in my pockets. |
#24
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Re: WSOP Preregistration and support problems
[ QUOTE ]
Checked bags have to remain unlocked, or they will cut or break the lock. Putting 10 grand in a checked bag is like scotch-taping it to the outside. I would just keep it in my pockets. [/ QUOTE ] Haha nice analogy. I do plan on keeping it my pockets but just wanted to make sure. |
#25
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Re: WSOP Preregistration and support problems
The key thing with brining in the cash is to declare it... It's perfectly legal to bring it in, they just need to know. @ the end of the day, you have a valid reason for having that much cash, so declare & explain.
As I understand it - please correct me if I'm wrong - but bringing in $10k+ of travellers cheques also needs to be declared... |
#26
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Re: WSOP Preregistration and support problems
Ontario Tory, the short answer is Yes.
Quotes below from:FinCEN 105 form instructions from SEC.gov [ QUOTE ] WHO MUST FILE: (1) Each person who physically transports, mails, or ships, or causes to be physically transported, mailed, or shipped currency or other monetary instruments in an aggregate amount exceeding $10,000 at one time from the United States to any place outside the United States or into the United States from any place outside the United States, and (2) Each person who receives in the United States currency or other monetary instruments In an aggregate amount exceeding $10,000 at one time which have been transported, mailed, or shipped to the person from any place outside the United States. A TRANSFER OF FUNDS THROUGH NORMAL BANKING PROCEDURES, WHICH DOES NOT INVOLVE THE PHYSICAL TRANSPORTATION OF CURRENCY OR MONETARY INSTRUMENTS, IS NOT REQUIRED TO BE REPORTED. [/ QUOTE ] [ QUOTE ] (Definition) Monetary Instruments— (1) Coin or currency of the United States or of any other country, (2) traveler’s checks in any form, (3) negotiable instruments (including checks, promissory notes, and money orders) in bearer form, endorsed without restriction, made out to a fictitious payee, or otherwise in such form that title thereto passes upon delivery, (4) incomplete instruments (including checks, promissory notes, and money orders) that are signed but on which the name of the payee has been omitted, and (5) securities or stock in bearer form or otherwise in such form that title thereto passes upon delivery. Monetary instruments do not include (i) checks or money orders made payable to the order of a named person which have not been endorsed or which bear restrictive endorsements, (ii) warehouse receipts, or (iii) bills of lading. [/ QUOTE ] |
#27
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Re: WSOP Preregistration and support problems
do bellagio chips count too? [img]/images/graemlins/cool.gif[/img]
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#28
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Re: WSOP Preregistration and support problems
[ QUOTE ]
do bellagio chips count too? [img]/images/graemlins/cool.gif[/img] [/ QUOTE ] Not sure. I would guess no. You don't have to declare stuff like rare valuable coins as far as I know. Casino chips could be different though. You are boycotting the WSOP? I wish there was some alternative to play in. |
#29
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Re: WSOP Preregistration and support problems
Within the US, there is no limit to the amount of currency you can carry. That doesn't mean you won't get hassled if you have 200k taped to your chest. But 10k in your back pockets and a plane ticket to Vegas shouldn't be a problem.
Jeff |
#30
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Re: WSOP Preregistration and support problems
[ QUOTE ]
Checked bags have to remain unlocked, or they will cut or break the lock. Putting 10 grand in a checked bag is like scotch-taping it to the outside. I would just keep it in my pockets. [/ QUOTE ] Rickrollbelt |
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