Hey guys I'm filling out the I-134 and I'm very confused with so much of it, I'd appreciate some help.
So my only income last year (2022) was from my rental properties, for a total of about $53,000 on my taxes, that's gross, as in my actual income from rents that I took home, after all expenses and before paying taxes for the year.
The I-134 asks if I'm "Self-Employed" which in tax terms I'm not as I don't file a form 1099 like people that are "Self-Employed" for tax purposes do. All my rental income goes on the Schedule E, where landlords enter their rental income. But in layman's terms I'm "Self-Employed" as I don't work a 9 to 5 or get a W2.
So I'm thinking on "Section 11 Employment Status" I should put "Self Employed" since in layman's terms I'm self employed and embassy employees probably will give me grief if I instead check the "Other (Explain)" box and then enter: "I'm a landlord, rents come in every month since 2013."
However if I do that I'm afraid they'll for sure want a 1099 since I'm "Self Employed." But I'm not "Self Employed" by the tax definition, it's just rental income so there's no 1099 (I'm not a real estate agent or anything like that).
Basically will I be shooting myself in the foot by selecting the "Self-Employed" box and then sending my 2022 tax transcript (and 2023 also if we get there in a few months) plus bank statements for all of 2022 and 2023, but no 1099?
Or should I select the "Other (Explain)" box knowing that box will definitely open up a can of worms since by clicking on that box you definitely get on the embassy's "very extra special attention" list.
I also definitely don't want to list my properties as assets since that will entail thousands of dollars in costs for absolutely nothing just to get them appraised, so I'm for sure not listing the properties as assets.
Thanks guys, just wanting to get past this, it's so frustrating, paperwork is the absolute bane of my existence but I managed to do a solid job on the initial K1 application and got approved with no RFE on that part so I want to make sure I fill out the I-134 in a way that raises no red flags/doesn't create any extra work for the embassy folks that would cause them to cause trouble for us.
Thanks guys, much appreciated.