Clear Form
                                                                 FORM                                    STATE OF HAWAII—DEPARTMENT OF TAXATION                                                 THIS SPACE FOR DATE RECEIVED STAMP
                                                                                                                                                                                             
        (REV.N-202023)                                                            PARTNERSHIP RETURN OF INCOME
                                                                                                           For calendar year  
                                                                                                                                                    2023
                                                                                  or other tax year beginning  ___________________________________ , 2023

      N20_I 2023A 01 VID01                                                           and ending  _____________________________________ , 20 ____
                                                                 Partnership Name                                                                                                               A  Federal Employer I.D. No.
                                                                                                                                                                                                
                                                                 Dba or C/O                                                                                                                     B  Business Code No. (from federal Form 1065)
                                                                                                                                                                                                
                                                                 Mailing Address (number and street)                                                                                            C  Principal business activity
        PRINT OR TYPE                                            City or town, State, and Postal/ZIP Code. If foreign address, see Instructions.                                                D  Hawaii Tax I.D. No.

       E  Check applicable boxes:  (1)                                                                     Initial Return                        (2) Final Return                          (3) Amended Return (Attach Sch AMD)
                                                                                  (4) IRS Adjustment                      (5)                    Electing PTE (Attach Sch PTE)                 (6) Upper-Tier PTE (Attach Sch PTE-U)

                                                                             FOR LINES 1 - 9, ENTER AMOUNTS FROM COMPARABLE LINES ON FEDERAL FORM 1065
                                                                 1 a   Gross receipts or sales .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  1a
                                                                   b   Returns and allowances  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .     1b
                                                                   c    Line 1a minus line 1b .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .   1c
                                                                 2     Cost of goods sold  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .   2
                                                                 3     Gross profit (line 1c minus line 2) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .        3
                                                                 4     Ordinary income (loss) from other partnerships, estates, and trusts .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                              4
                                                                 5     Net farm profit (loss) (attach federal Schedule F (Form 1040)).  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                           5
                                                                 6     Net  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                                                                           6                      gain (loss) from federal Form 4797, Part II, line 17 
                                                                 7     Other income (loss) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .   7
                                                                 8       TOTAL income (loss)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .         8
                                                                 9       TOTAL deductions  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .         9
                                                                 10    Ordinary income (loss) from trade or business activities before Hawaii adjustments (line 8 minus line 9) .  .  .  .                                                  10
                                                                       ADD:
                                                                 11 a   Deductions allowable for federal tax purposes but not allowable or allowable 
                                                                       only in part for Hawaii tax purposes (attach schedule) .  .  .  .  .  .  .  .  .  .  .  .  .  .                   11a
                                                                   b  Net gain or (loss) from Schedule D-1, Part II, line 19 .  .  .  .  . .  .  .  .  .  .  .  .  .  .                  11b
                                                                    c  The portion of the Hawaii jobs credit claimed applicable to current year new employees                            11c
                                                                   d  Other additions (attach schedule)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .         11d
                                                                 12    Total of lines 11a, 11b, 11c, and 11d  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .           12
                                                                 13    Total of lines 10 and 12 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .    13
                                                                       DEDUCT:
Net gain                                                         14 a                                                                                      .  .  .  .                    14a                                                                       or (loss) from federal Form 4797, Part II, line 17 (line 6 above) 
                                                                   b  Federal employment credits  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .        14b
                                                                   c    Other deductions (attach schedule)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .         14c
        ORDINARY INCOME (LOSS) FROM TRADE OR BUSINESS ACTIVITIES 15    Total of lines 14a, 14b, and 14c.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .         15
                                                                 16    Ordinary income (loss) from trade or business activities for Hawaii tax purposes (line 13 minus 15)  .  .  .  .  .  .                                                16
                                                                 DECLARATION  I declare, under the penalties set forth in section 231-36, HRS, that this return (including any accompanying schedules or statements) has been examined by me and, to the 
                                                                 best of my knowledge and belief, is a true, correct, and complete return, made in good faith, for the taxable year stated, pursuant to the Hawaii Income Tax Law, Chapter 235, HRS. Declaration 
                                                                 of preparer (other than general partner or limited liability company member manager) is based on all information of which preparer has any knowledge.

                                                                      †                                                                                                                           †
                                                                                        Signature of general partner or limited liability company member                                           Date
        Pleaseê  MaySigntheHereHawaii Department of Taxation discuss this return with the preparer shown below? .  .  .  .  .  .  .  .  .  .  .  .                                                                                                   Yes   No
                                                                       (See page 2 of the Instructions)    This designation does not replace Form N-848, Power of Attorney
                                                                                                                                                                                         Date                                                  PTIN  
                                                                             Preparer’s Signature                                                                                                  Check if
                                                                                   Print Preparer’s Name†
       Paid                                                                                                                                                                                        self-employed                               †
       Preparer’s 
       Information                                                           Firm’s name (or yours                                                                                                 Federal
                                                                             if self-employed)           †                                                                                         E.I. No. †
                                                                             Address and Postal/ZIP Code                                                                                           Phone no. †

      PRT1H7V9                                                                                                                                                                                                                              FORM N-20 (REV. 2023)
                                                                                                                              ID NO 01

FORM N-20 (REV. 2023)                                                                                                                                                      Page 2
                                                     Partnership Name                                                                             Federal Employer I D  No 

N20_I 2023A 02 VID01

         17 a                Pass-Through entity tax (attach Schedule PTE) (see instructions)                                                  17a
                          b  Interest due under look-back method                                                                               17b
                          c  Add lines 17a and 17b                                                                                                 17c
         18 a                2023 estimated tax payments from N-201Vs                                                                          18a
                          b  Payments with extension                                                                                           18b
                          c  Add lines 18a and 18b                                                                                                 18c
         19                OVERPAYMENT (If line 18c is larger than line 17c), enter AMOUNT OVERPAID and to be REFUNDED                             19
         TAX & PAYMENTS 20 TAX DUE (If line 17c is larger than line 18c) enter the amount due                                                      20
         21                AMOUNT OF PAYMENT (see Instructions)                                                                                    21
  22                       Amount paid (overpaid) on original return — AMENDED RETURN ONLY                                                         22
 AMENDED RETURN23          BALANCE DUE (REFUND) with amended return     (See Instructions)                                                         23

PRT2H7V9                                                               ID NO 01                                                                    FORM N-20 (REV. 2023)

FORM N-20 (REV. 2023)                                                                                                                                                                                 Page 3
                                                                           Partnership Name                                                                                  Federal Employer I.D. No.

N20_I 2023A 03 VID01

                              Schedule K                    PARTNERS’ Pro Rata Share Items                                                                   b.  Attributable             c.  Attributable
                                                                                                                                                             to Hawaii                                Everywhere
                                       1   Ordinary income (loss) from trade or business activities (page 1, line 16) . . . . . .                                             1
                                       2   Net income (loss) from rental real estate activities (attach federal Form 8825) . . .                                              2
                                       3 a    Gross income (loss) from other rental activities  . . . . . . . . . . . . . . . . . . .                                         3a
                                         b  Expenses from other rental activities (attach schedule) . . . . . . . . . . . . . . .                                             3b
                                         c  Net income (loss) from other rental activities (line 3a minus line 3b)  .  .  .  .  .  .  .  .                                    3c
                                       4   Guaranteed Payments to Partners . . . . . . . . . . . . . . . . . . . . . . . . . .                                                4 
                                       5   Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                            5
                                       6   Ordinary dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                             6
                       Income (Losses) 7   Royalty income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                             7
                                       8   Net short-term capital gain (loss) (Schedule D (Form N-20))  .  .  .  .  .  .  .  .  .  .  .  .                                    8
                                       9   Net long-term capital gain (loss) (Schedule D (Form N-20)) . . . . . . . . . . . . .                                               9
                                  10       Net gain (loss) under IRC section 1231 (attach Schedule D-1)  . . . . . . . . . . .                                                10
                                  11       Other income (loss) (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . .                                              11
                                  12       Charitable contributions (attach schedule) . . . . . . . . . . . . . . . . . . . . . .                                             12
                        13                 IRC section 179 expense deduction (attach federal Form 4562)  .  .  .  .  .  .  .  .  .  .                                         13
                                  14       Deductions related to portfolio income (loss) (attach schedule) . . . . . . . . . . .                                              14
                       Deductions 15       Other deductions (attach schedule)  . . . . . . . . . . . . . . . . . . . . . . . . .                                              15
                                  16       Total cost of qualifying property for the Capital Goods Excise  
                                          Tax Credit (attach Form N-312)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                     16
                                  17       Fuel Tax Credit for Commercial Fishers (attach Form N-163) . . . . . . . . . . . .                                                 17
                                  18       Amounts needed to claim the Enterprise Zone Tax Credit (attach Form N-756) .  .          See N-756A                                18
                                  19       Hawaii Low-Income Housing Tax Credit (attach Form N-586) . . . . . . . . . . . .                                                   19
                                  20       Credit for Employment of Vocational Rehabilitation Referrals (attach Form N-884) . . .                                             20
                                  21      Motion Picture, Digital Media, and Film Production  
                                          Income Tax Credit (attach Form N-340) . . . . . . . . . . . . . . . . . . . . . . .                                                 21
                                  22       Credit for School Repair and Maintenance (attach Form N-330)  .  .  .  .  .  .  .  .  .  .                                         22                      23
                       Credits    23       Renewable Energy Technologies Income Tax Credit (attach Form N-342)  .  .  .  .  .                                                 23
                        24                 Important Agricultural Land Qualified Agricultural  
                                          Cost Tax Credit (attach Form N-344)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                        24
                                  25      Tax Credit for Research Activities (attach Form N-346)  . . . . . . . . . . . . . . .                                               25
                        26                 Historic Preservation Income Tax Credit (attach Form N-325) . . . . . . . . . . . .                                                26
                        27                 Renewable Fuels Production Tax Credit for Years After 12/31/21 (attach Form N-360)                                                 27
                        28                 Pass-Through Entity Tax Credit (attach Schedule PTE and/or PTE-U)  . . . . . . .                                                   28
                      . 29                 Credit for income tax withheld on Form N-288A (net of refunds)   .  .  .  .  .  .  .  .  .  .                                      29
                        30 a    Interest expense on investment debts . . . . . . . . . . . . . . . . . . . . . . . .                                                          30a
                       Interest          b  (1)  Investment income included on lines 5, 6, and 7, Schedule K . . . . . . . . .                                                30b(1)
           Investment                     (2)  Investment expenses included on line 14, Schedule K . . . . . . . . . . . . .                                                  30b(2)
                                  31       Attach schedule for other items and amounts not reported above (e.g., credit  
           Other      Items
                                          recapture amounts)  See Instructions.  Check box if schedules attached         .  .                                                 31
                                  32 a     Income (loss).  Combine lines 1 through 11 in column c.  From the result, 
                                          minus the sum of lines 12 through 15 and 30a in column c  . . . . . . . . . . . . .                                                 32a
                                         b  Analysis by type of partner:
                                                                                               (b) Individual
                                                             (a) Corporate                                                                                   (c) Partnership (d) Exempt 
                                                                           i. Active                        ii. Passive                                                      organization (e) Nominee/Other

                       Analysis          1. General Partners

                                         2. Limited Partners

                                                                                                                                                                              FORM N-20 (REV. 2023)

PRT3H7V9                                                                                       ID NO 01