I-864 with negative income (assets only)

[Kaoticor 5]

Hi all,

I was wondering if anyone had experience with the I-864 in the case of being self-employed and showing a negative number on line 22 for Total income, but overcoming everything with assests only. This is for a joint sponsor: I found some posts on this in the past, but people never posted the outcome!!!! Would any of you have experience with this???

Here is an example using some made up numbers (for the joint sponsor):

1. His tax return shows a negative $20,000 total income for last year.

2. Poverty guidlines for his situation plus sponsoring immigrant is $23,862 for this year.

3. For this to be overcome with assets, he has enough to overcome the -20,000 and the poverty guidlines ($23,862). Combined this equals $43,862.

4. If he can show proof of assets exceeding $43,862 by 5 times (or $219,310), it would seem this would satisfy the requirement.

Am I missing anything or has anyone had specific experience with this? Any comments would be greatly appreciated. Thanks.

[Penguin_ie 5,997]

Your calculation is incorrect. You need x5 the assets to overcome lack of income, not just enough to cover the poverty line.

[Kaoticor 5]

Your calculation is incorrect. You need x5 the assets to overcome lack of income, not just enough to cover the poverty line.

Please explain as I dont understand.

1. The Poverty Guidlines are $23,862

23,862 x 5 = $119,310

2. His income tax is -$20,000

$20,000 x 5 = $100,000

$119,310 + 100,000 = $219,310

That is 5 times his income tax numbers plus the poverty guidlines. Where is the mistake?

[Penguin_ie 5,997]

sorry, I missed your point 5, thought your co-sponsor only had $43,862.

[KayDeeCee 4,896]

Hi all,

I was wondering if anyone had experience with the I-864 in the case of being self-employed and showing a negative number on line 22 for Total income, but overcoming everything with assests only. This is for a joint sponsor: I found some posts on this in the past, but people never posted the outcome!!!! Would any of you have experience with this???

Here is an example using some made up numbers (for the joint sponsor):

1. His tax return shows a negative $20,000 total income for last year.

2. Poverty guidlines for his situation plus sponsoring immigrant is $23,862 for this year.

3. For this to be overcome with assets, he has enough to overcome the -20,000 and the poverty guidlines ($23,862). Combined this equals $43,862.

4. If he can show proof of assets exceeding $43,862 by 5 times (or $219,310), it would seem this would satisfy the requirement.

Am I missing anything or has anyone had specific experience with this? Any comments would be greatly appreciated. Thanks.

That should work, if the assets are liquid and already in cash or can easily be converted to cash with no hardship to the sponsor.