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 ?