I-134 Self Employed / Inherited IRA Question

[sumbunny 566]

Hey friends!

 

I have a quick question about the I-134 and whether or not I should have a co-sponsor (thinking not, but I'm in that obsessive worrying about everything phase, so I thought it couldnt hurt to ask).

 

I am self employed, and my business income after all of the deductions I can take is around $31k, BUT I have a required minimum distribution from an inherited IRA that I have to take each year which just kicked in in 2017, so my income on line 22 for last year's tax return is well over the poverty requirements, but only around the $30k on the 2016 / 2015 returns. Can you guys tell me if that is ok? Everything I've read says they look at Line 22 in the tax transcripts, but I just want to make sure that Business Income + Pension & Annuity income adding up to the income on line 22 isn't going to cause any issues. Should I include statements from the IRA as assets?

 

Consulate is Montreal if that helps! Household size = 5 (me, fiance, 3 kiddoes)

 

Thanks so much for any info you can offer <3

 

R

[kris&me 572]

I consulted with a lawyer at first and he said they look at line 37 the taxable income / if you can believe a lawyer

[payxibka 10,045]

Current income vs. historical is the most important