Rich Hartford
Silver Member
- Nov 27, 2008
- 4,291
- 5
Lets say I return from an overseas trip with 20 Krugerrands in my pocket. Does that have to be declared? Can it be taxed?
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Rich Hartford said:Lets say I return from an overseas trip with 20 Krugerrands in my pocket. Does that have to be declared? Can it be taxed?
wharghoul said:Agree with Obediah, Kitco Forum is a great place to lurk to learn about such things.
Darth Walker said:Yes, you have to declare the Kurr because is more then $10,000 and it is South Africa Legal tender
You will not be taxed UNTIL you sell them
DW
jim4silver said:wharghoul said:Agree with Obediah, Kitco Forum is a great place to lurk to learn about such things.
Anyone who utilizes blogs for legal and/or tax advice is taking a great risk. Anyone can post any idea, no way to know if it is correct or not.
Jim