Form 8859 District of Columbia First-Time Homebuyer Credit

Form

8859
▶ Information

Department of the Treasury
Internal Revenue Service

District of Columbia First-Time
Homebuyer Credit

OMB No. 1545-0074

2012

about Form 8859 and its instructions is at www.irs.gov/form8859.
▶ Attach to Form 1040 or Form 1040NR.

Attachment
Sequence No. 106
Your social security number

Name(s) shown on return

Before You Begin:

• The District of Columbia first-time homebuyer credit has expired for homes purchased after 2011. In 2012, you can
only claim a carryforward of the unused credit from 2011.
• Figure the amounts of any of the following credits you are claiming: Adoption credit, mortgage interest credit, qualified
plug-in electric vehicle credit, alternative motor vehicle credit, qualified plug-in electric drive motor vehicle credit, and
credit for the elderly or disabled.
Part I
A

Reserved

Reserved

▲

Reserved

Part II

B Reserved

C Reserved

D Reserved

Reserved

1

Reserved

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

Reserved

. . . . . . . . . . . . . . . . . .

2

3

Reserved

. . . . . . . . . . . . . . . . . .

3

4

Reserved

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

5

Reserved

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

6

Reserved

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

Part III
7

8
9

10

×

.

Credit Carryforward From 2011

Enter the amount from line 10 of your 2011 Form 8859 . . . . . . . . . . . .

Part IV

1

7

Tax Liability Limit

Limitation based on tax liability. Enter the amount from the Tax Liability Limit
Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . .
Current year credit. Enter the smaller of line 7 or line 8. Also include this amount on
Form 1040, line 53, or Form 1040NR, line 50. Check box c on that line and enter
“8859” in the space next to that box . . . . . . . . . . . . . . . . . .
Credit carryforward to 2013. Subtract line 9 from line 7 . . . . . . . . . . .

For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 24779G

8
9
10
Form 8859 (2012)

Page 2

Form 8859 (2012)

General Instructions

Tax Liability Limit Worksheet—Line 8

Section references are to the Internal Revenue Code.

1. Enter the amount from Form 1040,
line 46; or Form 1040NR, line 44 .

Future Developments
For the latest information about developments related to
Form 8859 and its instructions, such as legislation enacted
after they were published, go to www.irs.gov/form8859.

What's New
The District of Columbia first-time homebuyer credit has
expired for homes purchased after 2011. In 2012, you can
only claim a carryforward of the unused credit from 2011.

Purpose of Form
Use Form 8859 to claim a carryforward of the District of
Columbia first-time homebuyer credit from 2011.

Parts I and II
When using lines 1 - 6 to figure amounts on other forms or
worksheets, these lines should be considered to be zero.
The lines in these parts have been reserved in case
Congress extends the credit for homes purchased in 2012.

Line 8
Complete the following worksheet to determine the amount
to enter on line 8 of Form 8859.

1.

2. Form 1040 filers: Enter the total of
any amounts from Form 1040, lines
47 through 50; line 12 of the Line 11
Worksheet in Pub. 972*, Form 5695,
line 32; Form 8396, line 9; Form
8834, line 23; Form 8839, line 12;
Form 8910, line 22; Form 8936, line
23; and Schedule R (Form 1040A or
1040), line 22.
Form 1040NR filers: Enter the total
of the amounts from Form 1040NR,
lines 45 through 47; line 12 of the
Line 11 Worksheet in Pub. 972*;
Form 5695, line 32; Form 8396, line
9; Form 8834, line 23; Form 8839,
line 12; Form 8910, line 22; and
Form 8936, line 23 . . . . . .
3. Subtract line 2 from line 1. Enter this
amount on Form 8859, line 8. If zero
or less, enter -0- here and on Form
8859, lines 8 and 9 . . . . . .

2.

3.

*If you are not claiming the child tax credit, you do not need
Pub. 972.

Line 10
Any unused credit shown on line 10 can be carried forward
until it has been used. You cannot carry the unused credit
back to prior years.