This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 8859 for the current year.
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.
Q: What is IRS Form 8859?
A: IRS Form 8859 is a form used to carry forward the District of Columbia First-Time Homebuyer Credit.
Q: What is the purpose of IRS Form 8859?
A: The purpose of IRS Form 8859 is to allow taxpayers to carry forward any unused portion of the District of Columbia First-Time Homebuyer Credit.
Q: Who needs to file IRS Form 8859?
A: Taxpayers who received the District of Columbia First-Time Homebuyer Credit and still have remaining credit to carry forward need to file IRS Form 8859.
Q: What is the District of Columbia First-Time Homebuyer Credit?
A: The District of Columbia First-Time Homebuyer Credit is a tax credit available to individuals who purchased a home in the District of Columbia as their primary residence.
Q: How long can the District of Columbia First-Time Homebuyer Credit be carried forward?
A: The District of Columbia First-Time Homebuyer Credit can be carried forward for up to 15 years.
Q: What information is required to complete IRS Form 8859?
A: To complete IRS Form 8859, you will need information about the original amount of the District of Columbia First-Time Homebuyer Credit received and any previous carryforwards.
Q: What should I do with IRS Form 8859 after filling it out?
A: After filling out IRS Form 8859, you should attach it to your federal tax return for the year in which you are claiming the credit.
Q: Can I file IRS Form 8859 electronically?
A: No, IRS Form 8859 must be filed by mail and cannot be filed electronically.
Q: How long does it take to process IRS Form 8859?
A: The processing time for IRS Form 8859 can vary, but it generally takes about 12 weeks for the IRS to process the form and issue any applicable refunds.
Form Details:
Download a fillable version of IRS Form 8859 through the link below or browse more documents in our library of IRS Forms.