tag:blogger.com,1999:blog-22305958.post1422414906306115165..comments2024-03-25T18:50:15.135-04:00Comments on DCmud - The Urban Real Estate Digest of Washington DC: DC v. Federal Tax CreditsKenhttp://www.blogger.com/profile/08295461340042242438noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-22305958.post-50784202393008538092009-09-22T16:57:56.755-04:002009-09-22T16:57:56.755-04:00Anybody know if the DC credit has been renewed for...Anybody know if the DC credit has been renewed for 2010? (ie if you miss the deadline and the federal one is not extended?)Daniellenoreply@blogger.comtag:blogger.com,1999:blog-22305958.post-87363111439328322982009-08-23T17:49:47.076-04:002009-08-23T17:49:47.076-04:00The draft form linked above is much clearer. Than...The draft form linked above is much clearer. Thanks, Anonymous.Matthttps://www.blogger.com/profile/03405530894978166605noreply@blogger.comtag:blogger.com,1999:blog-22305958.post-74823916353776772322009-08-22T09:01:00.506-04:002009-08-22T09:01:00.506-04:00You cannot claim both.
You can read the 'befo...You cannot claim both.<br /><br />You can read the 'before you begin' section here, at the top of the form<br />http://www.irs.gov/pub/irs-dft/f8859--dft.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22305958.post-88974664197024623882009-08-21T18:48:19.374-04:002009-08-21T18:48:19.374-04:00I bought a home in DC in January of 2009. When I f...I bought a home in DC in January of 2009. When I filed my 2008 taxes, I was told I could claim the $8K credit on my 2008 return, but that in doing so, I was not able to claim the DC Credit on my 2009 return. This was told to me by the DC Office of Tax and Revenue. Not sure if that is correct. I hope not b/c I would LOVE to be able to claim that $5000 credit this year.Gnoreply@blogger.comtag:blogger.com,1999:blog-22305958.post-69253603879125103202009-08-21T13:40:46.645-04:002009-08-21T13:40:46.645-04:00I thought that you could take both the $8k and $5k...I thought that you could take both the $8k and $5k credits, as long as the purchase date is between Jan 1 and Dec 1, 2009. <br /><br />From IRS web site: http://www.irs.gov/formspubs/article/0,,id=203083,00.html<br /><br /><b>You cannot claim the credit if any of the following apply.<br /><br />You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. See Form 8859. This rule does not apply for a home purchased in 2009.</b><br /><br />One of us is reading this rule wrong. Either way it is poorly worded. Is anyone a tax lawyer?Matthttps://www.blogger.com/profile/03405530894978166605noreply@blogger.comtag:blogger.com,1999:blog-22305958.post-87926991940114471002009-08-21T11:05:36.008-04:002009-08-21T11:05:36.008-04:00Thanks for breaking it down!Thanks for breaking it down!Brandon Greenhttp://www.brandongreenandassociates.com/noreply@blogger.com