Form 8859 - District Of Columbia First-Time Homebuyer Credit - 2001
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1
28859
OMB No. 1545-1584
District of Columbia First-Time
2001
Form
Homebuyer Credit
Attachment
Department of the Treasury
Attach to Form 1040.
106
Sequence No.
Internal Revenue Service
Name(s) shown on Form 1040
Your social security number
Note: Do not complete Parts I and II if you have a credit carryforward from 2000.
Part I
General Information
A
Address of home qualifying for the credit (if different from the address shown on Form 1040)
Information from
B
Lot number
C
Square number
D
Settlement or closing date
settlement statement
or deed
Part II
Tentative Credit
1
Enter: $5,000 if single, married filing jointly, head of household, or qualifying widow(er); $2,500
if married filing separately. If the purchase price of the home was less than $5,000, enter the
purchase price (one-half of the purchase price if married filing separately). If someone other than
a spouse also held an interest in the home, enter only your share of the $5,000 amount (or, if
1
smaller, your share of the purchase price) (see instructions)
2
2
Enter your modified adjusted gross income (see instructions)
3
Is line 2 more than: $70,000 if single, married filing separately, head
of household, or qualifying widow(er); $110,000 if married filing jointly?
No.
Skip lines 3 and 4 and enter -0- on line 5.
Yes.
Subtract from the amount on line 2: $70,000 if single, married
filing separately, head of household, or qualifying widow(er);
3
$110,000 if married filing jointly
4
Divide line 3 by $20,000 and enter the result as a decimal (rounded to at least three places). Do
×
.
4
not enter more than “1.000”
5
5
Multiply line 1 by line 4
6
Subtract line 5 from line 1. This is your tentative credit
6
Credit Carryforward From 2000
Part III
7
Enter the amount from line 12 of your 2000 Form 8859
7
Part IV
Tax Liability Limit
8
8
Enter the amount from Form 1040, line 42
9
Add the amounts from Form 1040, lines 43 through 49, and any mortgage interest credit included
9
on Form 1040, line 50
10
10
Subtract line 9 from line 8. If zero or less, enter -0-
11
Credit allowed for current year. If you completed Part II, enter the smaller of line 6 or line 10.
If you completed Part III, enter the smaller of line 7 or line 10. Also include this amount in the
11
total for Form 1040, line 50; check box d; and enter “8859” in the space for the form number
12
Credit carryforward to 2002. Subtract line 11 from line 6 or line 7, whichever applies
12
8859
For Paperwork Reduction Act Notice, see back of form.
Cat. No. 24779G
Form
(2001)
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