IRS Form 8859 Carryforward of the District of Columbia First-Time Homebuyer Credit

What Is IRS Form 8859?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 8859?
A: IRS Form 8859 is a form used to claim the carryforward of the District of Columbia First-Time Homebuyer Credit.

Q: Who can use IRS Form 8859?
A: IRS Form 8859 is used by individuals who are claiming the carryforward of the District of Columbia First-Time Homebuyer Credit.

Q: What is the District of Columbia First-Time Homebuyer Credit?
A: The District of Columbia First-Time Homebuyer Credit is a credit that allows eligible individuals to reduce their federal income tax liability.

Q: What does the carryforward mean?
A: The carryforward allows individuals to continue claiming any unused portion of the District of Columbia First-Time Homebuyer Credit from a previous tax year.

Q: Are there any restrictions or limitations on using IRS Form 8859?
A: Yes, there are certain eligibility requirements and restrictions that must be met in order to claim the carryforward of the District of Columbia First-Time Homebuyer Credit using IRS Form 8859.

Q: Is there a deadline for filing IRS Form 8859?
A: Yes, you must file IRS Form 8859 by the due date of your federal income tax return, which is usually April 15th.

Q: Can I e-file IRS Form 8859?
A: No, you cannot e-file IRS Form 8859. It must be filed by mail along with your federal income tax return.

Q: Can I claim the District of Columbia First-Time Homebuyer Credit on my state tax return?
A: The availability of the credit on your state tax return may vary. You should consult your state's tax agency for more information.