I am the aforementioned fiance. My 2014 income from SSDI (Social Security Disability Insurance) was $18,623. I had a 401(k) in the amount of $7413 that I rolled over into an IRA, then from that amount, I converted $4413 to a ROTH IRA, so that amount was counted as taxable income. Line 22 of my 2014 1040 form was $4446. (Total Income) Line 20a was $18,623 (Social Security Benefits). For 2015 I will convert the other $3000 from the IRA to a ROTH to boost my combined income over the minimum threshold, and I received a slight increase in my SSDI benefits.
It was my understanding that SSDI is accepted as income by USCIS (SSI is not) and we should be safe with the additional taxable income from the ROTH conversion. I also have another ROTH IRA valued around $15k to go along with the $7413 as well as a life insurance policy with a cash value around $6k and I own my home, so there sould be equity in excess of $50k.
Does the Affidavit of support rely solely on gross annual income, or would my assets be taken into consideration? A co-sponsor is not out of the question, but we would prefer to avoid that route.
SSDI and K1
in Philippines
Posted
I am the aforementioned fiance. My 2014 income from SSDI (Social Security Disability Insurance) was $18,623. I had a 401(k) in the amount of $7413 that I rolled over into an IRA, then from that amount, I converted $4413 to a ROTH IRA, so that amount was counted as taxable income. Line 22 of my 2014 1040 form was $4446. (Total Income) Line 20a was $18,623 (Social Security Benefits). For 2015 I will convert the other $3000 from the IRA to a ROTH to boost my combined income over the minimum threshold, and I received a slight increase in my SSDI benefits.
It was my understanding that SSDI is accepted as income by USCIS (SSI is not) and we should be safe with the additional taxable income from the ROTH conversion. I also have another ROTH IRA valued around $15k to go along with the $7413 as well as a life insurance policy with a cash value around $6k and I own my home, so there sould be equity in excess of $50k.
Does the Affidavit of support rely solely on gross annual income, or would my assets be taken into consideration? A co-sponsor is not out of the question, but we would prefer to avoid that route.