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Form 8859 Department of the Treasury Internal Revenue Service Name(s) shown on return District of Columbia First-Time Homebuyer Credit Attach OMB No. 1545-0074 to Form 1040 or Form 1040NR. Attachment
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What is 8859?
8859 refers to IRS Form 8859, a form used by individuals who are eligible for the District of Columbia First-Time Homebuyer Credit.
Who is required to file 8859?
Individuals who meet the eligibility criteria for the District of Columbia First-Time Homebuyer Credit are required to file Form 8859.
How to fill out 8859?
To fill out Form 8859, you need to provide your personal information, details about the home purchase, and any necessary supporting documents. It is recommended to consult the instructions provided by the IRS or seek professional assistance.
What is the purpose of 8859?
The purpose of Form 8859 is to claim the District of Columbia First-Time Homebuyer Credit, which provides eligible individuals with a tax credit for the purchase of their first home in the District of Columbia.
What information must be reported on 8859?
Form 8859 requires reporting of personal information, details about the home purchase, and any other information necessary to determine the eligibility and calculation of the credit.
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