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I 864 sponsor self employed filing joint taxes

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  • I 864 sponsor self employed filing joint taxes

    So i am getting sponsored by my wife's father and I have a question about our I-864. He is self employed and owns a company. He gets about 20k salary per year from the company but the company's gross profit is about 40k per year. He is filing taxes jointly and his wife owns 50 percent of the company. What number do I use for his individual income in that case ? Is it the 20k + 50 percent of the company's profit which is 20k, so 40k total ? I am not sure how company's profit/loss for a family owned business is calculated towards personal income ?

  • #2
    Hello, you have to use number that show on line 8 of your previous Tax Return ( for 2018)- its total income. For 2017 it was line 22 on tax returns. My husbans is also self employed, we used line 22 from his previous tax returns. It usually way less that gross income.

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