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Self employed, Im wondering if inmigration uses gross income…

Self employed, Im wondering if...
Self employed, Im wondering if inmigration uses gross income or net income for their figures... I make about 70,000 gross income on 1099 but after deductions net income is about 32,000.. we are a family of six... im getting ready to file waiver I 601A.
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Answered in 8 minutes by:
12/6/2017
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,142
Experience: Taxes, Immigration, Labor Relations
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Specifically for your situation - only NET business income - after all deductions - is used.

More precisely - for immigration purposes - AGI is used.

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That amount is listed on your 1040 form - last line 37.
https://www.irs.gov/pub/irs-pdf/f1040.pdf

If there are any other income which are not taxable - it may be added to that amount.

Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,142
Experience: Taxes, Immigration, Labor Relations
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