regu
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pushbrk reacted to a post in a topic:
How to prove IRA withdrawals for I-864 current income?
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regu reacted to a post in a topic:
How to prove IRA withdrawals for I-864 current income?
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Okay, that makes sense, thank you. It turns out my in-laws only withdraw from it on a random basis so they have no paperwork regarding a quarterly or monthly schedule. Since their income from SSA is enough as is, we've decided to add the value of the IRA as an asset with a letter of explanation for the 1099-Rs. -
Sorry if this is a stupid question, but how would I use the 1099-R forms to prove "current income" if I only have 1099-Rs for 2024 and previous?
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Okay, after some more research, it looks like the two investment firms they're drawing from provide some sort of distribution statement. My in-laws do everything by paper, so if they don't have these immediately available, would I be okay to just go ahead with this income left off the I-864, since what they've written down already still meets the threshold for three people?
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My consular interview is in 5 days and my petitioner husband just got laid off (if you don't laugh, you'll cry...), so we're scrambling to sort out a last minute joint sponsor. Thankfully, my husband's mostly-retired parents (the dad the primary joint sponsor, the mum as household income) have agreed to step up to the plate, and they have very good annual income. I'm doing my best to help them with the paperwork. Their initial pass at filling in the I-864 included SSA deposits and part-time work as the calculation for "current income". That alone brings us decently over the threshold for a household of three. But, looking now at their prior tax returns, they clearly are withdrawing a LOT from an IRA, so I can only imagine this is something that also needs to be included in current income also. Honestly, I'm CLUELESS about what an IRA may look like, how it's deposited, how frequently, etc. What can I ask from my in-laws to prove they are withdrawing from their IRA, to the point where it can be evidenced as Current Income? Thanks all.