If you purchased your home in DC in 2008-2010 and received the DC First Time Home-buyer Credit, you may be able to carryforward any unused amount of the credit to the tax return until it is used up.
The original credit was the smaller of:
- $5,000 for all filing status except Married Filing Separate ($2,500) or
- Purchase price of the home
The credit was phased out if your Modified Adjusted Gross Income (MAGI) was greater than $70,000 ($110,000 if married filing joint). No credit was allowed if your MAGI was greater or equal to $90,000 ($130,000 if married filing joint).
The credit has expired and only carryforward amounts can be entered at this time.