form i-864 income and assets
Oct 7th 2017, 8:59 am
#1
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Joined: Oct 2017
Posts: 5
form i-864 income and assets
Hello,
Just filling in form i-864 ahead of the green card interview.
I am a USC and my wife is british but we are both working in the UK at present so will be using assets to cover the poverty level requirement.
When I declare my income ahead in the form, should I just list 0 given it is earned in the UK? The instructions for the form in the IRS filing section suggests only my adjusted income (IRS form 2555) is valid for the income requirement anyway, and I my entire income currently falls below the 2555 exclusion.
I am using my net home value as an asset to cover the poverty guideline. It is a UK home, so valued in sterling. I assume that I should convert the net value of my home into dollars using the latest Treasury conversion rate as I do when filing taxes. Does anyone know if this is right?
Thanks!
Just filling in form i-864 ahead of the green card interview.
I am a USC and my wife is british but we are both working in the UK at present so will be using assets to cover the poverty level requirement.
When I declare my income ahead in the form, should I just list 0 given it is earned in the UK? The instructions for the form in the IRS filing section suggests only my adjusted income (IRS form 2555) is valid for the income requirement anyway, and I my entire income currently falls below the 2555 exclusion.
I am using my net home value as an asset to cover the poverty guideline. It is a UK home, so valued in sterling. I assume that I should convert the net value of my home into dollars using the latest Treasury conversion rate as I do when filing taxes. Does anyone know if this is right?
Thanks!
Oct 7th 2017, 10:48 am
#2
MODERATOR
Joined: Apr 2003
Location: Phoenix, Arizona
Posts: 58,679
Re: form i-864 income and assets
Hi and welcome to BE.
The interview will be for an immigrant visa (not a green card).
Answer all questions honestly. If it asks for current income, you should list it, even though it's earned in the UK. If you have income, the answer won't be 0.
Yes, convert the asset value from Sterling to US dollars.
Rene
The interview will be for an immigrant visa (not a green card).
Answer all questions honestly. If it asks for current income, you should list it, even though it's earned in the UK. If you have income, the answer won't be 0.
Yes, convert the asset value from Sterling to US dollars.
Rene
Oct 7th 2017, 12:27 pm
#3
BE Forum Addict
Joined: Mar 2015
Location: NC, USA (ex Yorkshire)
Posts: 4,375
Re: form i-864 income and assets
Also take proof of the valuation, such as an appraisal.
Also prove that you have the equity on the home. If you have a mortgage still for 50% then you can't use that 50% as an asset.
Also prove that you have the equity on the home. If you have a mortgage still for 50% then you can't use that 50% as an asset.
Oct 8th 2017, 6:37 am
#4
Forum Regular
Joined: Apr 2017
Posts: 197
Re: form i-864 income and assets
What Tom says. I just attended my embassy interview and hadnt read we needed to take proof !! I left with a blue form requesting more info
