N-600K Form - five years physically present in the United States ?

[maxy 2]

Regarding income
I have a S-corporation 1120S. 
Gross Business income of $30,117 in 2022  - 1040 filled with minus income.
Gross Business income of $43,370 in 2021  - 1040 filled with minus income.
Gross Business income of $53,094 in 2020  - 1040 filled with minus income.

 

When I file 1040 for personal I selected Married filing separately (MFS)
and Under Dependent section of 1040 didnt put my wifes name and two chldrens names on it. 
I heard that if I want to sponsor I have to put them as dependent's on 1040?

 

Regarding assets 
I have a house in USA Which I still paying the mortgage. Payoff mortgage value is around 106000.00 . No other loans. 
As of January 1, 2023, The County appraised my property as shown below:
2023 Market Value: $299,316 2023 Appraised Value: $261,583

and I also have $16000.00 in the bank and have $10000.00 cash in hand.

this Will be safe enough right? or do I still have to find a co-sponsor ?
 

[milimelo 4,475]

3 hours ago, maxy said:

Regarding income
I have a S-corporation 1120S. 
Gross Business income of $30,117 in 2022  - 1040 filled with minus income.
Gross Business income of $43,370 in 2021  - 1040 filled with minus income.
Gross Business income of $53,094 in 2020  - 1040 filled with minus income.

 

When I file 1040 for personal I selected Married filing separately (MFS)
and Under Dependent section of 1040 didnt put my wifes name and two chldrens names on it. 
I heard that if I want to sponsor I have to put them as dependent's on 1040?

 

Regarding assets 
I have a house in USA Which I still paying the mortgage. Payoff mortgage value is around 106000.00 . No other loans. 
As of January 1, 2023, The County appraised my property as shown below:
2023 Market Value: $299,316 2023 Appraised Value: $261,583

and I also have $16000.00 in the bank and have $10000.00 cash in hand.

this Will be safe enough right? or do I still have to find a co-sponsor ?
 

Can’t use primary residence for I-864 purposes (assets) as it would put you in a disadvantaged situation if you had to sell it - as in where would you live? 

[maxy 2]

In the I-864 instructions it says nothing about it.? 

[Mike E 11,739]

If a Consular officer believes liquidation of an asset will be a hardship on  the sponsor, the asset will not be considered.

Edited July 5, 2023 by Mike E

[maxy 2]

Then looks like I have to show some profit for 2023 tax. 🙂. 

[maxy 2]

When I file 1040 next year I select Married filing separately (MFS)
and Under Dependent section of 1040 do I have to put wife and children as dependents ? 

[Mike E 11,739]

5 minutes ago, maxy said:

When I file 1040 next year I select Married filing separately (MFS)
and Under Dependent section of 1040 do I have to put wife and children as dependents ? 

Spouses are not dependents. You can claim your children as dependents if you want. You are not forced to do so. 

[maxy 2]

Me and my wife can file tax jointly ? she is not a us citizen. 

[Mike E 11,739]

22 minutes ago, maxy said:

Me and my wife can file tax jointly ? she is not a us citizen. 

 

46 minutes ago, maxy said:

When I file 1040 next year I select Married filing separately (MFS)

Which is it?

[Ontarkie 14,217]

~~MOved to IR1/CR1 P&P, from What VIsa DO I Need- as the OP's questions are more suited to this forum~~

[maxy 2]

Hi, I have fixed deposits in the country that I am living now. But those deposits are not in USD. Can we show those deposits as assets?