Form 8859 Fill in Version District of Columbia First Time Homebuyer Credit

Instructions and help about Form 8859 Fill in Version District Of Columbia First Time Homebuyer Credit

hello this is deidre brown your settlement agent serving the district of columbia maryland and virginia today we're going to talk about what documentation needs to be submitted with the application for the reduced recreation tax for first-time district of columbia home buyers this is part two of a two-part video series the buyer will need to complete the application and provide supporting documents the title company will submit the application and supporting documents when recording the transaction in the land records the buyer will need to provide proof of income if the buyer is a w2 employee or 1099 employee they submit a copy of their most recent irs 1040 as well as two current pay stubs showing that they fall within the income guidelines this is for anyone who would be on the deed if you have two people in the deed only one person taking out the loan we need income proof for both people on the deed if your buyers self-employed they will need to submit a profit and loss statement th