Do I qualify for DC's Homeowner Tax Credit (Sch H) if I've been a DC resident all year in 2021 but only purchased a condo/started paying homeowner taxes since March'21?

The eligibility requirement states: "you owned and lived in a condo in DC during all of 2021." Does "all" literally mean you have to own/lived in that condo from 1/1 to 12/31?

posted

I believe it means just exactly that. I don't see any mechanism for prorating the credit for part-year taxpayers.

The only exception I could see is if you rented the unit and then bought it all in the same year, but if not, then no. Look forward to next year.

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How do i enter 2023 1031 exchange when exchanging one rental into two new rentals? Does Turbo Tax support multi-asset exchanges? Also i need to enter 1031 cashout that qulaified for homeowners exemption (2out 5 year rule) on the relinquished property

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Do I qualify for DC's Homeowner Tax Credit (Sch H) if I've been a DC resident all year in 2021 but only purchased a condo/started paying homeowner taxes since March'21?