foreigner bringing savings into the US - tax?

hi! im a european citizen (EU member country) with an american fiance. soon i will be moving into the US to marry him. i have a small amount of savings in my home country which im planning on taking with me into the US - possibly buy a tiny apartment or house to live in.

unfortunately i have no idea of how taxing and such work, im trying to do my research online but i cannot find much info on this. right now i am a foreigner, nothing to do with the USA, but a few days after my arrival i will be marrying a US citizen and thus applying for a green card right after. when i take my savings into the US (as a foreigner), do I have to pay any taxes on that? as i dont have a bank account anywhere right now, id be doing that as cash on me - reporting it to customs on a form on arrival to texas (final destination is another state). (i have done this before with a smaller amount, i know that everything over 10k has to be declared at customs on a form when entering the US.) so i would just like to clarify, this is not in a bank, its all cash.

i mean, as at that point in time i have nothing to do with the US, i didnt think i would have to pay tax on money that had nothing to do with the US. however, i will become a green card holder soon after that. not to mention the money i take with me (about 60k dollars) would be deposited in my fiance's account, or an account we open together after our marriage. this is still my property (unless paying into his account counts as a gift...), so what would be the consequences to this regarding tax?

so what causes my biggest doubt is: this money was earned before this tax year (i saved up from 2009-2013) so its not really income that was generated this year or anything. this is something i saved up before even applying for a green card. im just moving it with me into the US, haha.

Reply to
Erika
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Normally you will only be required to pay taxes in the US on income earned while you are a US citizen or resident. Savings from prior years should not be taxed.

Even if money you earned overseas might be technically taxable in the US, you will be entitled to a credit for taxes you already paid to your home country.

As you noted, you may be required to declare money you bring into the US, but you should not be taxed on it.

Reply to
Stuart A. Bronstein

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