You’ve won 10,000,000 Rials from a lottery in Oman upon purchasing a lucky ticket by chance, but it’s given to you all in cash (each stack is worth around 5000 Rials, given to you via 2 travel sized suitcases). It’s a lot more money when you factor in currency exchange.
That amount is equal to ~$26,041,666 but are you allowed to import that much into the United States tax free? All you have at the airport is 2 suitcases, each one containing 5m Rials in hard cash. However, the stress is on CBP declaration of 10,000 USD or greater.
Even if you disclosed & declared that you possess the equivalent of 26m USD in face value worth of lottery winnings from another country, would they let you keep it or seize all that money? Is it still going to be subjected to taxation despite it NOT being in Dollars?
This is the second foreign-lottery-related question I’ve seen this morning. From two different accounts.
