My individual annual income (I-864)

[Aw2047 0]

Hi, I am petitioner and sponsoring to my husband. I filed tax for 5 years, and individual annual income which are included foreign income and U.S. house rent income. Should I only put rent income on Part 6 item 24a-c? As foreign income will not count.. am I right? 

[aaron2020 11,651]

Foreign income can count if it will continue after the immigrant enters the US.

Are you working abroad?  Will this income continue after you return to the US?

[Aw2047 0]

As I will back to New York on July, my current work (foreign income) will not continue and I gonna find a new job when return to the US. 
if I only put rent income as annual income for 3 years (2018,2019,2020), there is approx $43,000. That’s exceed 125% of FPG of 2020? (Household size is 3)

[Chancy 6,241]

3 minutes ago, Aw2047 said:

if I only put rent income as annual income for 3 years (2018,2019,2020), there is approx $43,000.

 

You mean $43,000 per year, right?  Not cumulative for 3 years?

 

[Aw2047 0]

Yes. Average amount $43k per year. Do I need to scan those house leases and my BOA saving statement to support income? 

[aaron2020 11,651]

12 minutes ago, Aw2047 said:

Yes. Average amount $43k per year. Do I need to scan those house leases and my BOA saving statement to support income? 

You definitely can use the rental income for the I-864.  Your tax return (tax transcript) showing the income and leases should do.  

Alternatively, you can use assets for the I-864.  If it's just you and your spouse and no kids, then you need to show around $60,000 of cash and/or stocks in non-retirement accounts.

[Aw2047 0]

Thanks.

I have 1 kid, then how much of cash in accounts for 3 Household size? 

[aaron2020 11,651]

1 minute ago, Aw2047 said:

Thanks.

I have 1 kid, then how much of cash in accounts for 3 Household size? 

Google I-864p. 

At least 3x the 125% poverty line for a family of 3.

[Aw2047 0]

Got it. Thanks

[pushbrk 12,979]

5 hours ago, Aw2047 said:

Yes. Average amount $43k per year. Do I need to scan those house leases and my BOA saving statement to support income? 

Rent income is treated the same as self employment income, because you ARE self employed as a "landlord".  As such it is the profits, not the revenue that constitute "income" in this context.  That rent is being paid is not evidence of income. For the self employed, current income comes from the current income line of the most recently filed US Federal tax return.  Your current rental income is going to be what's left over after you subtract legitimate expenses, such as mortgage payments, maintenance, and depreciation.

[payxibka 10,045]

Interest expense not the entire mortgage payment

[pushbrk 12,979]

53 minutes ago, payxibka said:

Interest expense not the entire mortgage payment

So....Now you know I'm not a landlord. LOL

[Aw2047 0]

Oh.. if the amount subtract mortgage interest, maintenance and other expenses(water & sewage), then only have few amount left 😭 

[carmel34 3,639]

10 hours ago, Aw2047 said:

Oh.. if the amount subtract mortgage interest, maintenance and other expenses(water & sewage), then only have few amount left 😭 

In that case, you will either need to go to the US a few months before your husband, to get a job in the US paying you above the minimum, or get a qualifying joint sponsor whose income is sufficient.  Returning to the US before your husband has his visa is often necessary to establish a US domicile as well.  Good luck!

[pushbrk 12,979]

20 hours ago, Aw2047 said:

Oh.. if the amount subtract mortgage interest, maintenance and other expenses(water & sewage), then only have few amount left 😭 

That is what I expected.  You have rental revenue.  Revenue and income are not the same.  Income is revenue minus expenses, in this case the legitimate expenses you claimed on your tax return.