Self Employed currently on unemployment. Sufficient funds/assets. Questions on I-864

[Michael SG 0]

Hi all,

 

I am a self employed business owner. I have been for the last 5 years. My business was put on hold in March/April due to the pandemic. Since then, I have been on unemployment. I am currently working on a new business but am making very little still. I expect to grow it over the next several months. I have ~$300k in my bank/brokerage accounts and ~$80k in physical assets, and no debt whatsoever, so I am not too concerned about "public charge".

 

I'm not entirely sure how to answer Part 6 (Sponsor's Employment and Income). 

 

It sounds like unemployment is counted towards income, so I will include that. I will put in the end-of-packet notes that part of my 2020 income is from unemployment and specify the amount. Additionally, I have read mixed comments on how to determine "current income". It sounds like for those who are employed, it is what they are currently making. But for self-employed, it's tricky to do so. From my understanding it would either be based on 2020 expected income or 2019 tax year income. Right now, I am planning to use expected income (which includes what I made before March and what I am making now/expected to make rest of the year (~$22k). I will also include info in the end-of-packet notes. Does this sound correct?

 

Also have a few other questions

1) Am I required to include my entire tax returns or only specific pages?

2) Does selling stocks count towards my income? If not, can you please provide info where it explicitly says it's not counted as income?

 

Thank you all.

[Michael SG 0]

Anyone?

[Michael SG 0]

No one can help with this?

[user555 196]

https://travel.state.gov/content/travel/en/us-visas/immigrate/the-immigrant-visa-process/step-1-submit-a-petition/i-864-affidavit-faqs.html#aos9

you can count assets

 

 

https://www.uscis.gov/i-864

the instructions are helpful (they talk about self-employment)

 

Yes, you can count stock sales as income. 

• Traditional types of earnings that you would report on IRS Form 1040, such as capital gains and interest income, count as earnings, and whether they count as stable depends on their expected duration.

JLJoseph only used assets