8859 Carryforward of the District of Columbia First-Time Home

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Form

8859

Department of the Treasury
Internal Revenue Service

Carryforward of the District of Columbia
First-Time Homebuyer Credit

OMB No. 1545-0074

2023

Attach to Form 1040, 1040-SR, or 1040-NR.
Go to www.irs.gov/Form8859 for the latest information.

Attachment
Sequence No. 106
Your social security number

Name(s) shown on return

TREASURY/IRS
AND OMB USE
▲ ONLY DRAFT
October 26, 2023
DO NOT FILE
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Credit carryforward from 2022. Enter the amount from line 4 of your 2022 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 6h. See your tax return instructions . . . . . . . . . . . . . . . .

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Credit carryforward to 2024. Subtract line 3 from line 1 .

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General Instructions
Purpose of Form

Use Form 8859 to claim a carryforward of the District of
Columbia first-time homebuyer credit from 2022.

!

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.

Tax Liability Limit Worksheet—Line 2
1. Enter the tax liability before the
application of credits from your 2023
income tax return (Form 1040,
1040-SR, or 1040-NR, line 18) . . .

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2. Enter the total of the following
credit(s)/adjustment(s) if you are
taking the credit(s)/adjustment(s) on
your 2023 income tax return.
• Negative Form 8978 Adjustment,
Schedule 3 (Form 1040), line 6l.

• Foreign tax credit, Schedule 3 (Form
1040), line 1.
• Credit for child and dependent care
expenses, Schedule 3 (Form 1040), line
2.
• Credit for the Elderly or the Disabled,
Schedule R (Form 1040), line 22.
• Nonrefundable education credits,
Schedule 3 (Form 1040), line 3.
• Retirement savings contributions
credit, Schedule 3 (Form 1040), line 4.
• Energy efficient home improvement
credit, Form 5695, line 32.
• Credit for previously owned clean
vehicles, Form 8936, line 18.
• New Clean Vehicle Credit, Personal
use part, Form 8936, line 13.

• Child tax credit or credit for other
dependents, Form 1040, 1040-SR, or
1040-NR, line 19.*
• Mortgage Interest Credit, Form 8396,
line 9.
• Adoption Credit, Form 8839, line 16.
Note: Enter the total of the preceding
credit(s)/adjustment(s), only if allowed and
taken on your 2023 income tax return. Not
all credits/adjustments are available for all
years nor for all filers. See the instructions
for your 2023 income tax return . . .
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.

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.
* Include the amount from line 14 of Credit Limit Worksheet B in the Instructions for Schedule 8812 (Form 1040) instead of the amount
from Form 1040, 1040-SR, or 1040-NR, line 19, if the Instructions for Schedule 8812 (Form 1040) direct you to complete Credit Limit
Worksheet B.
For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 24779G

Form 8859 (2023)