Where should we list assets from joint account?

[Sm4598 37]

Form I-864 (Affidavit of Support), Part 7 "Use of Assets to Supplement Income", Item 1 asks me, the sponsor, to “enter the balance of all [my] savings and checking accounts."

 

My husband and I share a joint checking account in the UK. Would the amount in that account be best placed under my assets or below (Item 6) where it asks for the balance of the principal immigrant’s savings and checking accounts?

 

 

[Ryan H 3,834]

Moved from Progress Reports to Process & Procedures.

[Chancy 6,243]

On 9/25/2020 at 11:38 PM, Sm4598 said:

Form I-864 (Affidavit of Support), Part 7 "Use of Assets to Supplement Income", Item 1 asks me, the sponsor, to “enter the balance of all [my] savings and checking accounts."

 

Just checking -- is your current income not sufficient to qualify you to sponsor?

 

[Sm4598 37]

4 minutes ago, Chancy said:

 

Just checking -- is your current income not sufficient to qualify you to sponsor?

 

It’s sufficient as per my 2019 tax return, but my income in 2020 may be much closer to the lower limit. We’re including assets just in case there is a gap. 

[Nitas_man 3,100]

Not if they both live overseas.  If it is not a transfer to a US company with income continuing from the original source their income for immigration purposes is (zero).

 

if petitioner is retired, and that income will continue regardless of where they live, then that income counts as continuing.

Answer:

 

I listed (all)  JOINT assets under petitioner’s assets.  I doubt it matters, just how I chose to do it.

Edited September 27, 2020 by Nitas_man

[Chancy 6,243]

2 minutes ago, Sm4598 said:

It’s sufficient as per my 2019 tax return, but my income in 2020 may be much closer to the lower limit. We’re including assets just in case there is a gap. 

 

I agree that including your assets would be a good idea in that case, as it is current income that matters most, not your 2019 income.  I suggest putting joint accounts under your assets in the form.  You have full access to that money anyway.

 

[Nitas_man 3,100]

2 minutes ago, Chancy said:

 

I agree that including your assets would be a good idea in that case, as it is current income that matters most, not your 2019 income.  I suggest putting joint accounts under your assets in the form.  You have full access to that money anyway.

 

If petitioner and beneficiary both live overseas the income rules are different.  A US expat making $25k or a US expat making $300k who is leaving their overseas employment and returning home both have (zero) income for immigration purposes.

 

Income matters in that case if it is ongoing, continuing income after the petitioner arrived in the US.  The answer depends on petitioner’s circumstance and that has not been defined by OP

[Chancy 6,243]

6 minutes ago, Nitas_man said:

Income matters in that case if it is ongoing, continuing income after the petitioner arrived in the US.  The answer depends on petitioner’s circumstance and that has not been defined by OP

 

23 minutes ago, Sm4598 said:

It’s sufficient as per my 2019 tax return, but my income in 2020 may be much closer to the lower limit. We’re including assets just in case there is a gap. 

 

Are you residing and working in the US?  Or is your current income UK-based and will not continue when you and your husband move to the US?

 

[Sm4598 37]

1 minute ago, Chancy said:

 

 

Are you residing and working in the US?  Or is your current income UK-based and will not continue when you and your husband move to the US?

 

Sorry for not being clear! We both live in the UK. However, my income is US-based (I work remotely and receive US income into a US bank account, and file US taxes) and will continue from the same source after we move. 

It seems like maybe the best thing to do would be to list joint assets under petitioner’s assets? 

 

[Nitas_man 3,100]

OP’s profile location (Scotland, gorgeous town by the way, been there) flagged my comments

[Chancy 6,243]

7 minutes ago, Sm4598 said:

Sorry for not being clear! We both live in the UK. However, my income is US-based (I work remotely and receive US income into a US bank account, and file US taxes) and will continue from the same source after we move. 

It seems like maybe the best thing to do would be to list joint assets under petitioner’s assets?

 

Thanks for clarifying.  Yes, best to list your joint assets under petitioner.  In any case, it will not be an issue for the consul officers in the UK.

 

[Nitas_man 3,100]

23 minutes ago, Sm4598 said:

Sorry for not being clear! We both live in the UK. However, my income is US-based (I work remotely and receive US income into a US bank account, and file US taxes) and will continue from the same source after we move. 

It seems like maybe the best thing to do would be to list joint assets under petitioner’s assets? 

 

Not sure if it matters one way or another but that is what we did.  Twice LOL

[Sm4598 37]

Thank you all so much! :)