Federal Carryforward of the District of Columbia First-Time Homebuyer Credit
Extracted from PDF file 2019-federal-form-8859.pdf, last modified January 2020
Carryforward of the District of Columbia First-Time Homebuyer CreditForm 8859 Department of the Treasury Internal Revenue Service Carryforward of the District of Columbia First-Time Homebuyer Credit ▶ Go OMB No. 1545-0074 2019 to www.irs.gov/Form8859 for the latest information. ▶ Attach to Form 1040, 1040-SR, or 1040-NR. Attachment Sequence No. 106 Your social security number Name(s) shown on return Before you begin: Figure the amounts of any of the following credits you are claiming: adoption credit, mortgage interest credit, alternative motor vehicle credit, qualified plug-in electric drive motor vehicle credit, and credit for the elderly or the disabled. 1 1 2 Credit carryforward from 2018. Enter the amount from line 4 of your 2018 Form 8859 . . . . . . Limitation based on tax liability. Enter the amount from the Tax Liability Limit Worksheet in the instructions below . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Current year credit. Enter the smaller of line 1 or line 2. Also include this amount on Schedule 3 (Form 1040 or 1040-SR), line 6; or Form 1040-NR, line 51. Check box c on that line and enter “8859” in the space next to that box . . . . . . . . . . . . . . . . . . . . . . . . 3 Credit carryforward to 2020. Subtract line 3 from line 1 . 4 4 . . . . . . . . . . . . . . 2 General Instructions Tax Liability Limit Worksheet—Line 2 Purpose of Form 1. Enter the amount from Form 1040 or 1040-SR, line 12b; or Form 1040-NR, line 45 . . . . . . . . . . 1. Use Form 8859 to claim a carryforward of the District of Columbia first-time homebuyer credit from 2018. ! ▲ CAUTION You may claim only a carryforward of any unused credit (which is shown on your prior year Form 8859, line 4). The original credit amount was the smaller of: • $5,000 ($2,500 if married filing separately), or • The purchase price of the home. The credit was phased out when your modified adjusted gross income (AGI) was greater than $70,000 ($110,000 if married filing jointly). No credit was allowed if your modified AGI was greater than or equal to $90,000 ($130,000 if married filing jointly). Specific Instructions Line 2 Complete the following worksheet to determine the amount to enter on line 2 of Form 8859. 2. Form 1040 or 1040-SR filers: Enter the total of any amounts from Schedule 3 (Form 1040 or 1040-SR), lines 1 through 4; line 14 of the Line 14 Worksheet in Pub. 972*; Form 5695, line 30**; Form 8396, line 9; Form 8839, line 16; Form 8910, line 15**; Form 8936, line 23; and Schedule R (Form 1040 or 1040-SR), line 22. Form 1040-NR filers: Enter the total of the amounts from Form 1040-NR, lines 46 through 48; line 14 of the Line 14 Worksheet in Pub. 972*; Form 5695, line 30**; Form 8396, line 9; Form 8839, line 16; Form 8910, line 15**; and Form 8936, line 23 . . . 2. 3. Subtract line 2 from line 1. Enter this amount on Form 8859, line 2. If zero or less, enter -0- here and on Form 8859, lines 2 and 3 . . . . . . 3. * If you are filing Form 2555, enter instead the amount, if any, from line 16 of the Child Tax Credit and Credit for Other Dependents Worksheet in Pub. 972. ** If applicable. Line 4 You can carry forward any unused credit shown on line 4 until you have used all of it. You cannot carry the unused credit back to prior years. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 24779G Form 8859 (2019)
2019 Form 8859
More about the Federal Form 8859 Other Tax Credit TY 2019
We last updated the Carryforward of the District of Columbia First-Time Homebuyer Credit in February 2020, so this is the latest version of Form 8859, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 8859 directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Other Forms:
|Form Code||Form Name|
|Form 8962||Premium Tax Credit|
|Form W-4V||Voluntary Withholding Request|
|Form W-4||Employee's Withholding Allowance Certificate|
|Form 8332||Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent|
|Form 433-D||Installment Agreement|
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8859 from the Internal Revenue Service in February 2020.
Form 8859 is a Federal Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
Historical Past-Year Versions of Federal Form 8859
We have a total of eight past-year versions of Form 8859 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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