I followed up with the BOI and specifically asked whether monthly distributions from a 401k would count as qualifying passive income for the LTR-WP visa.
Their response was:
"Yes, if your income appears on your tax return (Form 1040) as passive income that you receive regularly, we can accept this as qualifying income for the LTR Visa application."
That sounds promising, but as far as I know, the 1040 doesn’t actually label anything as “passive income.” 401k distributions are usually reported under the Pensions and Annuities section, so it may come down to whether the income looks consistent and recurring.
OK, I will need to tell you again .
I didn't say they were rejecting people .
Before I continue, can you conform that you understand that ?
Just so I don't need to tell you for a third time
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now