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Through September 29 2013 www.ukrainianmuseum.org
Posted by Jason on December 14, 2003 at 20:16:29:
In Reply to: Re: Gifts to my Ukrainian friends posted by John on December 14, 2003 at 06:01:16:
: Hi Jason,
: From my understanding, you will not be taxed on any gifts up to a total value of $200. If you claim over $200 in gifts you will be taxed on the entire amount .. not just the amount over $200. I know this because I claimed $270 in gifts once before thinking that I would be taxed for just $70 .. but no, I was taxed on all $270 by law. I ended up paying about $145 in taxes and waiting 3 hours to get all their paperwork done. My advice .. make sure you claim under $200 in gifts.
: I hope this helps.
---Thanks John, really helpful. Thanks again. Just a quick another question- Do i need to declare my digital camera (NOT a present) that I am planning to bring with me? I would imagine that i have.. is this correct??
Thanks much again.
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