Form 8859 - District Of Columbia First-Time Homebuyer Credit - 2012 Page 2
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Form 8859 (2012)
Page
General Instructions
Tax Liability Limit Worksheet—Line 8
Section references are to the Internal Revenue Code.
1. Enter the amount from Form 1040,
line 46; or Form 1040NR, line 44
.
1.
Future Developments
2. Form 1040 filers: Enter the total of
For the latest information about developments related to
any amounts from Form 1040, lines
Form 8859 and its instructions, such as legislation enacted
47 through 50; line 12 of the Line 11
after they were published, go to
Worksheet in Pub. 972*, Form 5695,
What's New
line 32; Form 8396, line 9; Form
8834, line 23; Form 8839, line 12;
The District of Columbia first-time homebuyer credit has
Form 8910, line 22; Form 8936, line
expired for homes purchased after 2011. In 2012, you can
23; and Schedule R (Form 1040A or
only claim a carryforward of the unused credit from 2011.
1040), line 22.
Purpose of Form
Form 1040NR filers: Enter the total
Use Form 8859 to claim a carryforward of the District of
of the amounts from Form 1040NR,
Columbia first-time homebuyer credit from 2011.
lines 45 through 47; line 12 of the
Line 11 Worksheet in Pub. 972*;
Parts I and II
Form 5695, line 32; Form 8396, line
9; Form 8834, line 23; Form 8839,
When using lines 1 - 6 to figure amounts on other forms or
line 12; Form 8910, line 22; and
worksheets, these lines should be considered to be zero.
Form 8936, line 23 . . . . . .
2.
The lines in these parts have been reserved in case
Congress extends the credit for homes purchased in 2012.
3. Subtract line 2 from line 1. Enter this
amount on Form 8859, line 8. If zero
Line 8
or less, enter -0- here and on Form
8859, lines 8 and 9 . . . . . .
3.
Complete the following worksheet to determine the amount
to enter on line 8 of Form 8859.
*If you are not claiming the child tax credit, you do not need
Pub. 972.
Line 10
Any unused credit shown on line 10 can be carried forward
until it has been used. You cannot carry the unused credit
back to prior years.
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