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Type: Posts; User: Rebbe17
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So I've decided to wire her 13K, get a travelers check for 5K or so and take 4K in cash. Therefore I won't have to declare it leaving the US and then just not declare it entering China. They say...
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Well, I plan on declaring it at both custom checkpoints because it's over $10k, and as long as it doesn't exceed any Chinese limits. Also, I thought the reason for explaining the money was mainly...
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Ok, I will. I'm pretty sure that I have to declare anything over $10k when leaving or entering the US, but didn't think there was any taxes on it because I'll be using it for a wedding/honeymoon...
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And I should declare that money at customs, correct? Just say that it'll be used for the wedding and stuff? Then, it'll be exempt from a gift tax?
Sorry, I'm asking so much. Just trying to...
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Yes, I definitely will. Thank you for all of your help, I really appreciate it.
So I guess I'm just going to take the $22k with me in form of travelers check and then give it to her to put in...
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I have no idea how filing married works. I've never been married.
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She will definitely have income from China as she has a good job in Shanghai...
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Is there a clear cut, better option between the two ways of filing married? It seems that "married filing separately" would be easier internationally.
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Would it be better to keep filing single until after we sell the property? Is that even an option? It seems that it will be complicated filing jointly internationally.
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... as the apartment will be in her name only.
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What if I just bring the $22k with me on the plane via travelers check and give it to her after we marry for the down payment? I'll declare it on the flight and say that it will be used for a...
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Do you think it'd be best to do this in 3 transfers of $7k?
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Sorry I'm asking so many questions. I really appreciate the help. One more question: She will be buying the apartment in her name. How will the potential Capitol gain tax work? Is there...
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So, is everything I've mentioned doing legal? I can just send her $22k? Anything else I need to know? Also, is this the best way to go about doing this?
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My friend said something about filing a gift tax return for $0. Not sure why
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So, I'll be OK by just sending 22k per wire transfer from my US bank to her Chinese bank?
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She'll be using the money to help with the down payment of an apartment in Shanghai. We will marry next month, before completion of sale.
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Since we are buying an apartment with this money, what about calling it an investment and not a gift? Someone told me that we can write up a contract saying that we're going to mutually enter an...
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Can I just take the money with me on the plane and give it to her when I get there next month? Then, instead of calling it a GIFT, if asked, I'll just say that I used the money for our wedding...
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So, would it be better for us to get married first and then wire transfer the money to her in full? What kind of percentage do they take for the GIFT tax?
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Yes, we're very close. No need for concern.
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I am a US citizen and am wanting to send around $22,000 to my fiancée in China. What's the best way to do this? I was thinking of sending $13k per wire transfer to her account and then taking...
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