I-864 self employed
Mar 6th 2020, 9:50 am
#1
Forum Regular
Thread Starter
Joined: Jul 2019
Posts: 45
I-864 self employed - question about business expenses
Does anyone know how should I answer this question? My husband is about to file his tax return and start I-864 form to sponsor me. His question is:
'Does my income need to be at 125% of the poverty level before or after expenses if my business expenses were subtracted from personal income?'
My husband is self employed. If anyone can help me answer this question I would be very grateful.
'Does my income need to be at 125% of the poverty level before or after expenses if my business expenses were subtracted from personal income?'
My husband is self employed. If anyone can help me answer this question I would be very grateful.
Last edited by Blanca; Mar 6th 2020 at 10:02 am. Reason: Adding more info
Mar 6th 2020, 11:48 am
#2
MODERATOR
Joined: Apr 2003
Location: Phoenix, Arizona
Posts: 58,679
Re: I-864 self employed
After.
It's only his personal income that can be used in the I-864.
So, for example, if the business earned $80,000, but he had $20,000 in business expenses, then his profit (personal income) was $60,000. It's the 60K figure that can be used as income on the I-864.
Rene
It's only his personal income that can be used in the I-864.
So, for example, if the business earned $80,000, but he had $20,000 in business expenses, then his profit (personal income) was $60,000. It's the 60K figure that can be used as income on the I-864.
Rene
