using cash to sponsor (split topic)

[Sodhi 0]

Hi, I have a question as well about sponsoring my spouse. Can i sponsor him by showing cash (Since it's an asset as well) in my account? Since i dont have a job right now and actually in process to buy an existing business but that will take two months or maybe less! Also, Am i required to submit my tax return still? I am a recent college graduate and after graduation i only had one internship and got married. So till last year i was dependent.

[Ryan H 3,865]

***Posts split into separate thread as poster is asking their own question and not replying to the OP of the other thread.  Please start your own thread with your own questions instead of hijacking threads started by other members.***

[mallafri76 1,012]

You can use cash to sponsor. It needs to be three times the poverty guidelines and have been in your possession for at least a year.

[Penguin_ie 5,999]

Yes you can use cash; it would be around $61'000 for two people, though if using assets, they like you to be comfortably over for an easy approval, so aim for 70'000+.  One issue will be that your I-864 needs to be up to date, so you may have cash savings for the NVC stage, and then need to show the business for the interview.

 

Yes you will still need to show tax returns, or prove you didn't make enough to file.  

[Sodhi 0]

thank you so much for helping out. I was not sure about the whole sponsoring my spouse with cash. I am selling property in india and taking the money back to states so i can open a business. I will have over $70000 for sure which is why i was asking. The money i am getting is after the sale of an asset and its mine not borrowed if i can prove that, can i use it to sponsor my husband. The only question and concern i have would i be allow to use that money to sponsor him since its not borrow. Yes it hasn't been in my account for 12 months but still it will be there. I don't know who else i can ask to joint sponsor my spouse.