Get 1545-0074 Department Of The Treasury Internal Revenue Service Attachment Sequence No - Irs

Filling out the 1545-0074 form is an important step in claiming the District of Columbia first-time homebuyer credit. This guide offers clear and supportive instructions to help you complete this form accurately and efficiently online.

Follow the steps to successfully complete your form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Input your name(s) as shown on Form 1040 and your social security number in the provided fields.
3. In Part I, if applicable, provide the address of the home qualifying for the credit. Use information from your settlement statement or deed.
4. Complete Part II by entering the lot number, square number, and the settlement or closing date of your home purchase.
5. In line 1, enter the tentative credit amount of $5,000, or the purchase price if lower. If filing separately, enter half of these values.
6. On line 2, enter your modified adjusted gross income as directed.
7. Answer the question on line 3 regarding your income level compared to $70,000 ($110,000 if married filing jointly). If applicable, follow the instructions for the subsequent lines.
8. Continue calculating your tentative credit by following the steps outlined from lines 3 to 6.
9. In Part III, enter relevant amounts from Form 1040 based on your tax liability limits and calculations.
10. After completing the calculations, review the lines to determine your current year credit and any carryforward amounts.
11. Once all sections are completed, save your changes. You can choose to download, print, or share the filled form as needed.

Start filling out the 1545-0074 form online today to claim your first-time homebuyer credit.