8859 District of Columbia First-Time Homebuyer Credit

Form

8859

Department of the Treasury
Internal Revenue Service

Carryforward of the District of Columbia
First-Time Homebuyer Credit
▶ Go

OMB No. 1545-0074

2020

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

1
2
3

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Credit carryforward from 2019. Enter the amount from line 4 of your 2019 Form 8859 . . . . . .
Limitation based on tax liability. Enter the amount from the Tax Liability Limit Worksheet in the
instructions below . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Current year credit. Enter the smaller of line 1 or line 2 here. Include this amount on Schedule 3
(Form 1040), line 6. See your tax return instructions . . . . . . . . . . . . . . . . .

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Credit carryforward to 2021. Subtract line 3 from line 1 .

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General Instructions

Tax Liability Limit Worksheet—Line 2

Purpose of Form

1. Enter the tax liability before the
application of credits from your 2020
income tax return (Form 1040,
1040-SR, or 1040-NR), line 18 . . 1.
2. Enter the total of the following credit(s) if
you are taking the credit(s) on your 2020
income tax return:
• Foreign tax credit, Schedule 3 (Form
1040), Part I, line 1.
• Credit for child and dependent care
expenses, Schedule 3 (Form 1040), Part I,
line 2.
• Credit for the Elderly or the Disabled,
Schedule R (Form 1040), line 22.
• Nonrefundable education credits, Schedule
3 (Form 1040), Part I, line 3.
• Retirement savings contributions credit,
Schedule 3 (Form 1040), Part I, line 4.
• Nonbusiness energy property credit, Form
5695, Part II, line 30.
• Alternative Motor Vehicle Credit, Personal
use part, Form 8910, Part III, line 15.
• Qualified Plug-in Electric Drive Motor
Vehicle Credit (Including Qualified TwoWheeled Plug-in Electric Vehicles), Personal
use part, Form 8936, Part III, line 23.
• Child Tax Credit and Credit for Other
Dependents:
- If filing Form 2555, include the amount from
Pub. 972, Child Tax Credit and Credit for
Other Dependents Worksheet, line 16.
- If not filing Form 2555, include the amount
from Pub. 972, Line 14 Worksheet, line 14.
• Mortgage Interest Credit, Form 8396, line 9.
• Adoption Credit, Form 8839, line 16.
Note. Enter the total of the preceding
credit(s), only if allowed and taken on your
2020 income tax return. Not all credits are
available for all years nor for all filers. See the
instructions for your 2020 income tax return. 2.

Use Form 8859 to claim a carryforward of the District of
Columbia first-time homebuyer credit from 2019.

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▲
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.

3. Subtract line 2 from line 1. Enter this amount
on Form 8859, line 2. If zero or less, enter -0here and on Form 8859, lines 2 and 3 . .

3.

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 (2020)