I-864 - Gross Total Income

[raian 2]

Hi folks,

I've read through some of the thread via the search engine regarding this question I have. People have stated that on the 1040, Line 22 is where the Gross Total Income value is.

On the form 2011 1040 on Line 22, my total income says $15,000.

However, on my 2011 SCHEDULE C under Part I Income, Line 7 Gross Income....I have the amount value of $27,000.00

Which one should I put on my I-864?

Please note that I just rounded off the actual income values for ease of post sake.

Thank you in advance everybody.

[KayDeeCee 4,891]

Hi folks,

I've read through some of the thread via the search engine regarding this question I have. People have stated that on the 1040, Line 22 is where the Gross Total Income value is.

On the form 2011 1040 on Line 22, my total income says $15,000.

However, on my 2011 SCHEDULE C under Part I Income, Line 7 Gross Income....I have the amount value of $27,000.00

Which one should I put on my I-864?

Please note that I just rounded off the actual income values for ease of post sake.

Thank you in advance everybody.

For self-employed, the income they use is line 22 of the 1040, so it would be $15k.

[raian 2]

For self-employed, the income they use is line 22 of the 1040, so it would be $15k.

Thank you for your reply

Will the NVC be aware that I did earn $27,000 based on the submission of my income tax return files?

I was going to put $27,000 as my estimated income for 2012 on the I-864, the same as my gross income in 2011. Is that correct? Or should I put $15,000?

Sorry folks, I'm just terribly confused

[KayDeeCee 4,891]

Thank you for your reply

Will the NVC be aware that I did earn $27,000 based on the submission of my income tax return files?

I was going to put $27,000 as my estimated income for 2012 on the I-864, the same as my gross income in 2011. Is that correct? Or should I put $15,000?

Sorry folks, I'm just terribly confused

For self-employed, your total income from line 22 of the 2011 1040 is also going to be what you list as your current income.

[raian 2]

I do have a Schedule C form. So should I consider myself on the I-864 as "Self-Employed" even though I work for an employer?

I do get pay checks every 2 weeks from my employer.

And I was going to submit a verification letter of employment stating my estimated salary of $27,000.

Which is why I am confused because on Part 6 #23 My current individual annual income was supposed to be estimated based on the pay checks I have been receiving this year of 2012. It was estimating again as $27,000.

I do get a 1099 from my employer. I am somewhat of a contractor.

Edited May 23, 2012 by raian

[KayDeeCee 4,891]

I do have a Schedule C form. So should I consider myself on the I-864 as "Self-Employed" even though I work for an employer?

I do get pay checks every 2 weeks from my employer.

And I was going to submit a verification letter of employment stating my estimated salary of $27,000.

Which is why I am confused because on Part 6 #23 My current individual annual income was supposed to be estimated based on the pay checks I have been receiving this year of 2012. It was estimating again as $27,000.

I do get a 1099 from my employer. I am somewhat of a contractor.

You are an independent contractor that receives 1099s, and not an actual employee. This means you are self-employed. You can use your projected income for 2012 as the current income I suppose, but they will base the 125% off of line 22 of your 1040 anyway. Your Schedule C profit or loss is entered on line 12 and added or deducted before getting to line 22- total income. If you had deductions, this will lower the amount of your total income on line 22, but that is the one they use.

Someone else can come along and correct me if I am wrong on this.

[raian 2]

i agree with you Jay-Kay, thanks