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Negative Gross Adjusted Income on I-864

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I am a Retired US Citizen Sponsoring my wife & preparing the Affidavit of Support Form.

My Income total Income is $ 25,404. (combination of Social Security & a Pension Annuity from a private company) . I meet the income requirements for a household size of 2 

which is $ 21,550 for 2019. 

 

However, prior to my retirement i had Business & Investment losses from 2008-2009 ( Financial Crisis). So i have a NET OPERATING LOSS Carryforward  per IRS Regulations that is applied to any Taxable income i have each year.

After adjusting for this Credit my Total adjusted Gross Income each year shows as a negative (minus) number on my Tax Return. 

I don't want this to be confused as a LOSS number. 

I have  a Record of Account transcript from the IRS that shows that the Negative (Minus) number is a credit for my Taxes. 

So If i attach this IRS Record of Account in the Additional Information page of the i-864 form will that be the place to attach it with an explanation ? 

Has anyone else applied when they had a NOL ( Net Operating Loss Carryforward) ? 

Thanks for any helpful replies.

 

 

 

 

 

Edited by millefleur
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Filed: IR-1/CR-1 Visa Country: Ukraine
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18 minutes ago, snahmed said:

I am a Retired US Citizen Sponsoring my wife & preparing the Affidavit of Support Form.

My Income total Income is $ 25,404. (combination of Social Security & a Pension Annuity from a private company) . I meet the income requirements for a household size of 2 

which is $ 21,550 for 2019. 

 

However, prior to my retirement i had Business & Investment losses from 2008-2009 ( Financial Crisis). So i have a NET OPERATING LOSS Carryforward  per IRS Regulations that is applied to any Taxable income i have each year.

After adjusting for this Credit my Total adjusted Gross Income each year shows as a negative (minus) number on my Tax Return. 

I don't want this to be confused as a LOSS number. 

I have  a Record of Account transcript from the IRS that shows that the Negative (Minus) number is a credit for my Taxes. 

So If i attach this IRS Record of Account in the Additional Information page of the i-864 form will that be the place to attach it with an explanation ? 

Has anyone else applied when they had a NOL ( Net Operating Loss Carryforward) ? 

Thanks for any helpful replies.

 

Hi,

 

Yours is a pretty unusual situation, so I am not sure how NVC or CO will evaluate your current income and previous years' tax returns.

 

One thing I noticed, however.  That is the wrong transcript.  They will need your Tax Return Transcript.  That transcript will show Total Income in addition to AGI.

 

Do you have sufficient assets?  The minimum is 3x the difference between the 125% poverty amount and your current income, which they could evaluate as 0.  But more is better in the eyes of immigration.

 

 

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Filed: IR-1/CR-1 Visa Country: Ukraine
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Also,

 

You may want to remove your tax account transcript from your post.  I know it doesn't show your entire SSN, name and address, but there is enough that someone with malicious intent can utilize.

 

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OP - I assume you're on Medicare?  You will want to have a plan in place for your wife's health insurance, since she won't be eligible for Medicare.

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Assuming this carryover minus will continue next year, your current income could also be considered negative.  You can make a case for qualifying and state your current income as you have.  Maybe it will fly.  It's going to be a judgment call.  I would submit a letter of explanation that this is a carryover loss, that only impacts your tax liability, not your financial stability.

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Filed: Citizen (apr) Country: Russia
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**Removed documents containing personal information; please be careful about what you post on this very public forum**

 

VJ Moderation

🇷🇺 CR-1 via DCF (Dec 2016-Jun 2017) & I-751 ROC (Apr 2019-Oct 2019)🌹

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Info about my DCF Moscow* experience here and here

26-Jul-2016: Married abroad in Russia 👩‍❤️‍👨 See guide here
21-Dec-2016: I-130 filed at Moscow USCIS field office*
29-Dec-2016: I-130 approved! Yay! 🎊 

17-Jan-2017: Case number received

21-Mar-2017: Medical Exam completed

24-Mar-2017: Interview at Embassy - approved! 🎉

29-Mar-2017: CR-1 Visa received (via mail)

02-Apr-2017: USCIS Immigrant (GC) Fee paid

28-Jun-2017: Port of Entry @ PDX 🛩️

21-Jul-2017: No SSN after three weeks; applied in person at the SSA

22-Jul-2017: GC arrived in the mail 📬

31-Jul-2017: SSN arrived via mail, hurrah!

 

*NOTE: The USCIS Field Office in Moscow is now CLOSED as of February 28th, 2019.

 

Removal of Conditions - MSC Service Center

 28-Jun-2019: Conditional GC expires

30-Mar-2019: Eligible to apply for ROC

01-Apr-2019: ROC in the mail to Phoenix AZ lockbox! 📫

03-Apr-2019: ROC packet delivered to lockbox

09-Apr-2019: USCIS cashed check

09-Apr-2019: Case number received via text - MSC 📲

12-Apr-2019: Extension letter arrives via mail

19-Apr-2019: Biometrics letter arrives via mail

30-Apr-2019: Biometrics appointment at local office

26-Jun-2019: Case ready to be scheduled for interview 

04-Sep-2019: Interview was scheduled - letter to arrive in mail

09-Sep-2019: Interview letter arrived in the mail! ✉️

17-Oct-2019: Interview scheduled @ local USCIS  

18-Oct-2019: Interview cancelled & notice ordered*

18-Oct-2019: Case was approved! 🎉

22-Oct-2019: Card was mailed to me 📨

23-Oct-2019: Card was picked by USPS 

25-Oct-2019: 10 year GC Card received in mail 📬

 

*I don't understand this status because we DID have an interview!

 

🇺🇸 N-400 Application for Naturalization (Apr 2020-Jun 2021) 🛂

Spoiler

Filed during Covid-19 & moved states 1 month after filing

30-Mar-2020: N-400 early filing window opens!

01-Apr-2020: Filed N-400 online 💻 

02-Apr-2020: NOA 1 - Receipt No. received online 📃

07-Apr-2020: NOA 1 - Receipt No. received via mail

05-May-2020: Moved to another state, filed AR-11 online

05-May-2020: Application transferred to another USCIS field office for review ➡️

15-May-2020: AR-11 request to change address completed

16-Jul-2020: Filed non-receipt inquiry due to never getting confirmation that case was transferred to new field office

15-Oct-2020: Received generic response to non-receipt inquiry, see full response here

10-Feb-2021: Contacted senator's office for help with USCIS

12-Feb-2021: Received canned response from senator's office that case is within processing time 😡

16-Feb-2021: Contacted other senator's office for help with USCIS - still no biometrics

19-Feb-2021: Biometrics reuse notice - canned response from other senator's office 🌐

23-Feb-2021: Interview scheduled - notice to come in the mail

25-Feb-2021: Biometrics reuse notice arrives via mail

01-Mar-2021: Interview notice letter arrives via mail  ✉️ 

29-Mar-2021: Passed interview at local office! Oath Ceremony to be scheduled

13-Apr-2021: Oath Ceremony notice was mailed

04-May-2021: Oath Ceremony scheduled 🎆 Unable to attend due to illness

04-May-2021: Mailed request to reschedule Oath to local office

05-May-2021: "You did not attend your Oath Ceremony" - notice to come in the mail

06-May-2021: Oath Ceremony will be scheduled, date TBA

12-May-2021: Oath Ceremony re-scheduled for June 3rd, then de-scheduled same day 😡 

25-May-2021: New Oath Ceremony notice was mailed

16-Jun-2021: Oath Ceremony scheduled 🎆 - DONE!!

17-Jun-2021: Certificate of Naturalization issued

 

🎆 Members new and old: don't forget to fill in your VJ timeline! 🎇 https://www.visajourney.com/timeline/

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1 hour ago, SteveInBostonI130 said:

 

Hi,

 

Yours is a pretty unusual situation, so I am not sure how NVC or CO will evaluate your current income and previous years' tax returns.

 

One thing I noticed, however.  That is the wrong transcript.  They will need your Tax Return Transcript.  That transcript will show Total Income in addition to AGI.

 

Do you have sufficient assets?  The minimum is 3x the difference between the 125% poverty amount and your current income, which they could evaluate as 0.  But more is better in the eyes of immigration.

 

 

Thank you !! Yes  this is not the correct Transcript for NVC submission but I posted it to show how AGI shows up on my Tax Return Transcript.. The Tax Return Transcripts that will be submitted will show all the details including my Social Security Benefits & the 1099 for my Income from my Pension. As proof of Income I have the Social Benefits Letter & the Annuity Benifits Letter from the Private Company. Additionally, the IRS also provides a Wage & Income Transcript for each year with that information.  I do have sufficient liquid cash in savings/checking plus an IRA with Cash + Stocks available as well. 

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1 hour ago, SteveInBostonI130 said:

Also,

 

You may want to remove your tax account transcript from your post.  I know it doesn't show your entire SSN, name and address, but there is enough that someone with malicious intent can utilize.

 

Thank you again ... I do not see an option to remove an attachement. Can you provide me info on how to do that ? 

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1 hour ago, Jorgedig said:

OP - I assume you're on Medicare?  You will want to have a plan in place for your wife's health insurance, since she won't be eligible for Medicare.

Thank you & yes we plan on getting her her own private Insurance.

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1 hour ago, pushbrk said:

Assuming this carryover minus will continue next year, your current income could also be considered negative.  You can make a case for qualifying and state your current income as you have.  Maybe it will fly.  It's going to be a judgment call.  I would submit a letter of explanation that this is a carryover loss, that only impacts your tax liability, not your financial stability.

Thank you kindly..I can contact my CPA who has been preparing my Tax Returns for  Decades & have him write a letter of explanation regarding my situation.  ( have others submitted letters from a CPA to explain their situations)

Social Security Benefits & Pensions do qualify as sources of Income to Sponsor your spouse for a visa ??  I have the SS Benefits Statement & also the Pension Benefits Letter. 

 

Edited by snahmed
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1 hour ago, millefleur said:

**Removed documents containing personal information; please be careful about what you post on this very public forum**

 

VJ Moderation

I just want to confirm if you removed my attachments that might have had personal information ? 

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2 hours ago, snahmed said:

I am a Retired US Citizen Sponsoring my wife & preparing the Affidavit of Support Form.

My Income total Income is $ 25,404. (combination of Social Security & a Pension Annuity from a private company) . I meet the income requirements for a household size of 2 

which is $ 21,550 for 2019. 

 

However, prior to my retirement i had Business & Investment losses from 2008-2009 ( Financial Crisis). So i have a NET OPERATING LOSS Carryforward  per IRS Regulations that is applied to any Taxable income i have each year.

After adjusting for this Credit my Total adjusted Gross Income each year shows as a negative (minus) number on my Tax Return. 

I don't want this to be confused as a LOSS number. 

I have  a Record of Account transcript from the IRS that shows that the Negative (Minus) number is a credit for my Taxes. 

So If i attach this IRS Record of Account in the Additional Information page of the i-864 form will that be the place to attach it with an explanation ? 

Has anyone else applied when they had a NOL ( Net Operating Loss Carryforward) ? 

Thanks for any helpful replies.

 

 

 

 

 

Ok thank you for removing the attachments ..

6 minutes ago, snahmed said:

I just want to confirm if you removed my attachments that might have had personal information ? 

Thanks the attachments have been removed !!! 

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Filed: Citizen (apr) Country: Russia
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19 minutes ago, snahmed said:

I just want to confirm if you removed my attachments that might have had personal information ? 

Yes, Gobal Mods can remove attachments and edit posts to remove personal info. Hit the "Report" button if you ever see anything else that needs to be removed for personal info.

🇷🇺 CR-1 via DCF (Dec 2016-Jun 2017) & I-751 ROC (Apr 2019-Oct 2019)🌹

Spoiler

Info about my DCF Moscow* experience here and here

26-Jul-2016: Married abroad in Russia 👩‍❤️‍👨 See guide here
21-Dec-2016: I-130 filed at Moscow USCIS field office*
29-Dec-2016: I-130 approved! Yay! 🎊 

17-Jan-2017: Case number received

21-Mar-2017: Medical Exam completed

24-Mar-2017: Interview at Embassy - approved! 🎉

29-Mar-2017: CR-1 Visa received (via mail)

02-Apr-2017: USCIS Immigrant (GC) Fee paid

28-Jun-2017: Port of Entry @ PDX 🛩️

21-Jul-2017: No SSN after three weeks; applied in person at the SSA

22-Jul-2017: GC arrived in the mail 📬

31-Jul-2017: SSN arrived via mail, hurrah!

 

*NOTE: The USCIS Field Office in Moscow is now CLOSED as of February 28th, 2019.

 

Removal of Conditions - MSC Service Center

 28-Jun-2019: Conditional GC expires

30-Mar-2019: Eligible to apply for ROC

01-Apr-2019: ROC in the mail to Phoenix AZ lockbox! 📫

03-Apr-2019: ROC packet delivered to lockbox

09-Apr-2019: USCIS cashed check

09-Apr-2019: Case number received via text - MSC 📲

12-Apr-2019: Extension letter arrives via mail

19-Apr-2019: Biometrics letter arrives via mail

30-Apr-2019: Biometrics appointment at local office

26-Jun-2019: Case ready to be scheduled for interview 

04-Sep-2019: Interview was scheduled - letter to arrive in mail

09-Sep-2019: Interview letter arrived in the mail! ✉️

17-Oct-2019: Interview scheduled @ local USCIS  

18-Oct-2019: Interview cancelled & notice ordered*

18-Oct-2019: Case was approved! 🎉

22-Oct-2019: Card was mailed to me 📨

23-Oct-2019: Card was picked by USPS 

25-Oct-2019: 10 year GC Card received in mail 📬

 

*I don't understand this status because we DID have an interview!

 

🇺🇸 N-400 Application for Naturalization (Apr 2020-Jun 2021) 🛂

Spoiler

Filed during Covid-19 & moved states 1 month after filing

30-Mar-2020: N-400 early filing window opens!

01-Apr-2020: Filed N-400 online 💻 

02-Apr-2020: NOA 1 - Receipt No. received online 📃

07-Apr-2020: NOA 1 - Receipt No. received via mail

05-May-2020: Moved to another state, filed AR-11 online

05-May-2020: Application transferred to another USCIS field office for review ➡️

15-May-2020: AR-11 request to change address completed

16-Jul-2020: Filed non-receipt inquiry due to never getting confirmation that case was transferred to new field office

15-Oct-2020: Received generic response to non-receipt inquiry, see full response here

10-Feb-2021: Contacted senator's office for help with USCIS

12-Feb-2021: Received canned response from senator's office that case is within processing time 😡

16-Feb-2021: Contacted other senator's office for help with USCIS - still no biometrics

19-Feb-2021: Biometrics reuse notice - canned response from other senator's office 🌐

23-Feb-2021: Interview scheduled - notice to come in the mail

25-Feb-2021: Biometrics reuse notice arrives via mail

01-Mar-2021: Interview notice letter arrives via mail  ✉️ 

29-Mar-2021: Passed interview at local office! Oath Ceremony to be scheduled

13-Apr-2021: Oath Ceremony notice was mailed

04-May-2021: Oath Ceremony scheduled 🎆 Unable to attend due to illness

04-May-2021: Mailed request to reschedule Oath to local office

05-May-2021: "You did not attend your Oath Ceremony" - notice to come in the mail

06-May-2021: Oath Ceremony will be scheduled, date TBA

12-May-2021: Oath Ceremony re-scheduled for June 3rd, then de-scheduled same day 😡 

25-May-2021: New Oath Ceremony notice was mailed

16-Jun-2021: Oath Ceremony scheduled 🎆 - DONE!!

17-Jun-2021: Certificate of Naturalization issued

 

🎆 Members new and old: don't forget to fill in your VJ timeline! 🎇 https://www.visajourney.com/timeline/

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