Evidence of Current Annual Income from 1099-DIV?

[Frank and Sophie 0]

Hello,

My joint sponsor and his household member have proof of current annual income through employment letters and pay stubs yet a portion of their current annual income being reported on I-864 and I-864A will also come from their 1099-DIV. My question is how can we show evidence of current annual income for a 1099-DIV and if this is even necessary? Thank you for your time.

Frank

[Nich-Nick 3,354]

Hello,

My joint sponsor and his household member have proof of current annual income through employment letters and pay stubs yet a portion of their current annual income being reported on I-864 and I-864A will also come from their 1099-DIV. My question is how can we show evidence of current annual income for a 1099-DIV and if this is even necessary? Thank you for your time.

Frank

Can you give more information?

Does the joint sponsor make enough with salary alone (as reported by the employer letter) to sponsor.

Does he need the dividend income to make it over the minimum required income?

You mention his household member. Does joint sponsor's salary plus household member's salary together qualify?

Is the dividend income needed to meet the requirement even after both salaries are combined.

Edited October 23, 2015 by Nich-Nick

[Frank and Sophie 0]

Hello Nich-Nick,

Thank you for your response. The joint sponsor's salary plus household member's salary together (which can be proved through employment letter, pay stubs) qualify and are well over the minimum required income and 1099-DIV would not be required to meet the minimum. Yet in past tax returns they've had portions of their total income coming from investment accounts (1099-DIV) so I wanted to provide an accurate assessment of current annual income for them both.

Do you know of a way to show evidence of current income from an investment account (1099-DIV)?

Frank

[Nich-Nick 3,354]

Hello Nich-Nick,

Thank you for your response. The joint sponsor's salary plus household member's salary together (which can be proved through employment letter, pay stubs) qualify and are well over the minimum required income and 1099-DIV would not be required to meet the minimum. Yet in past tax returns they've had portions of their total income coming from investment accounts (1099-DIV) so I wanted to provide an accurate assessment of current annual income for them both.

Do you know of a way to show evidence of current income from an investment account (1099-DIV)?

Frank

There isn't a box on the form I-864 to specifically list dividend income. When I did the form, I skipped additional income like that even though it was five figures because the employment letter reported income was enough. I also left the assets section blank. You don't get more approved by exceeding the threshold ten fold. The required tax return will show the interest and dividend income as separate line items, so it is actually presented in that way. My tax return exceeded what I listed on the "I am employed as..." section for total income. I got no RFE.

You could always say "see attached" in the total income line and add a sheet breaking down the income. Then include the employer letter and all 1099-INT and 1099-DIV to prove it.

$50,000 salary (employer letter attached)

$ 1,000 interest income. (1099-INT attached)

$11,000 dividend income (1099-DIV attached)

$62,000 TOTAL YEARLY INCOME

I considered doing that but decided to keep it simple since I didn't need the dividend income to qualify.

Edited October 23, 2015 by Nich-Nick

[Frank and Sophie 0]

Thanks for your advice. I think I will remove the 1099-DIV portion of their current annual income so that those numbers reported line up exactly with the employment letter and pay stubs.