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cyyz2000

Should we combine immigrant assets with joint sponsor?

By cyyz2000 in Bringing Family Members of US Citizens to America

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cyyz2000 Explorer

cyyz2000   24

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Filed: F-3 Visa Country: Canada
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Hi, we have a joint sponsor and I wanted to confirm a couple things: 

 

1. 2019 income is over the poverty line for our household size, however 2018 and 2017 are below it. Projected 2020 income is to be over the poverty line. Do we need to fill out Part 7 of I-864? The wording is a little vague: "If your income, or the total income for you and your household, from Part 6., Item Numbers 20. or 24.a. - 24.c., exceeds the Federal Poverty Guidelines for your household size, YOU ARE NOT REQUIRED to complete this Part 7. Skip to Part 8."

 

2. If the answer to number 1 is yes, then how do they consider the 5x limit if the most recent tax return (2019) is already above 125% of the poverty line? I found this a little confusing. To put it into perspective, we have $300K USD in real estate and cash. 

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Boiler Grand Master

Boiler   43,429

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Filed: K-1 Visa Country: Wales
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Current income is what is needed unless you are not salaried.

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”

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