8859 District of Columbia First-Time Homebuyer Credit

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I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 8859, PAGE 1 OF 2
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE, WRITING, SUB. 20
INK: BLACK
FLAT SIZE: 216mm (81⁄ 2 ") 3 279mm (11")
PERFORATE: NONE
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

8859

Action

Date

O.K. to print
Revised proofs
requested

OMB No. 1545-0074

District of Columbia First-Time
Homebuyer Credit

Department of the Treasury
Internal Revenue Service

2008

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1
1
©

Name(s) shown on return

Signature

Attachment
Sequence No.

Attach to Form 1040 or Form 1040NR.

106

Your social security number

Note: Do not complete Parts I and II if you only have a credit carryforward from 2007.

Part I
A

General Information

Address of home qualifying for the credit (if different from the address shown on return)
Information from
settlement statement
or deed

Part II
1

©

B

Lot number

Tentative Credit

C

Square number

D

Settlement or closing date

Enter $5,000 ($2,500 if married filing separately). If the purchase price of the home was less than
$5,000, enter the purchase price (one-half of the purchase price if married filing separately). If
someone other than a spouse also held an interest in the home, enter only your share of the
$5,000 (or, if smaller, your share of the purchase price) (see instructions)

2

Enter your modified adjusted gross income (see instructions)

3

Is line 2 more than $70,000 ($110,000 if married filing jointly)?

No. Skip lines 3 through 5 and enter the amount from line 1 on line 6.
Yes. Subtract $70,000 ($110,000 if married filing jointly) from the
amount on line 2 and enter the result

1

2

3

Divide line 3 by $20,000 and enter the result as a decimal (rounded to at least three places).
Do not enter more than 1.000

4

5

Multiply line 1 by line 4

5

6

Subtract line 5 from line 1. This is your tentative credit

6

4

Part III
7

7

Tax Liability Limit

8

Enter the amount from Form 1040, line 46, or Form 1040NR, line 43

9

1040 filers:

8

%

Enter the total of any amounts from Form 1040, lines 47 through 51; line 12 of the line
11 worksheet in Pub. 972 (see instructions); Form 8396, line 11; and Form 8839, line
18.

1040NR filers:

Enter the total of any amounts from Form 1040NR, lines 44 through 46;
line 12 of the line 11 worksheet in Pub. 972 (see instructions);
Form 8396, line 11; and Form 8839, line 18

9

10

Subtract line 9 from line 8. If zero or less, enter -0- here and on line 11 and go to line 12

10

11

Current year credit. If you completed Part II, enter the smaller of line 6 or line 10. If you
completed Part III, enter the smaller of line 7 or line 10. Also include this amount on Form 1040,
line 54, or Form 1040NR, line 49. Check box c on that line and enter “8859” in the space next
to that box

11

Credit carryforward to 2009. Subtract line 11 from line 6 or line 7, whichever applies

12

12

.

Credit Carryforward From 2007

Enter the amount from line 12 of your 2007 Form 8859

Part IV

×

For Paperwork Reduction Act Notice, see back of form.

Cat. No. 24779G

Form

8859

(2008)