Enlarge image | Clear Form SCHEDULE K-1 FORM N-20 STATE OF HAWAII — DEPARTMENT OF TAXATION (REV. 2023) PARTNER’S SHARE OF INCOME, CREDITS, 2023 PREPARE IN TRIPLICATE DEDUCTIONS, ETC. For EACH Partner Copy 1 File with N-20 For calendar year 2023 or other tax year Copy 2 Partnership Copy beginning , 2023 and ending , 20 Copy 3 Partner's Copy N20SCHK1_I 2023A 01 VID01 Partner’s Social Security No. or Federal Employer I.D. No. Partnership’s Federal Employer Identification No. Partner’s name, address, and Postal/ZIP Code Partnership’s name, address, and Postal/ZIP Code A This partner is a general partner limited partner D Partner’s share of liabilities: LLC member-manager other LLC member Nonrecourse ...........................................................$ Qualified nonrecourse financing .............................$ B What type of entity is this partner? Other .......................................................................$ If the partner is a disregarded entity (DE), enter the partner’s: FEIN ____________________ Name E Check here if this partnership is a publicly traded partnership (i) Before as defined in IRC section 469(k)(2) ........ change (ii) End of or termination year C Enter partner’s percentage of: F Check applicable boxes: (1) Final K-1 (2) Amended K-1 Profit sharing ...........................................__________%_________% Loss sharing ............................................__________%_________% Ownership of capital ...............................__________%_________% G Reconciliation of partner’s capital account: (c) Income included in (d) Deductions included (f) Capital account (a) Capital account at (b) Capital contributed column (c) below, plus in col. (c) below, plus (e) Withdrawals and at end of year (combine beginning of year during year nontaxable income unallowable deductions distributions columns (a) through (e)) ( ) ( ) Caution: Refer to Partner’s Instructions for Schedule K-1 (Form N-20) before entering information from this schedule on your tax return. (a) Distributive share items (b) Attributable to (c) Attributable (d) Form N-11 & N-15 filers Hawaii Everywhere enter the amount in column (b) and /or column (c) on: 1Ordinary income (loss) from trade or business activities. ............... See Partner’s Instructions 2Net income (loss) from rental real estate activities. ........................ for Schedule K-1 3Net income (loss) from other rental activities .................................. (Form N-20) 4Guaranteed payments to partner .................................................... } 5Interest ............................................................................................ Interest Worksheet 6Ordinary Dividends ......................................................................... See Partner’s Instructions for 7 Royalties ......................................................................................... } Schedule K-1 (Form N-20). Income 8Net(Loss)short-term capital gain (loss) .................................................... Capital Gain/Loss Worksheet 9Net long-term capital gain (loss) ..................................................... Capital Gain/Loss Worksheet 10 Net IRC section 1231 gain (loss) (attach Schedule D-1) .................. See Partner’s Instr. for Sch. K-1 (Form N-20). 11Other income (loss) (attach schedule). ........................................... Enter on applicable line of your return. 12Charitable contributions (attach schedule) ..................................... 13Expense deduction for recovery property See Partner’s Instructions for Schedule K-1 (IRC section 179) (attach schedule) ............................................... (Form N-20) Deductions 14Deductions related to portfolio income (attach schedule). .............. } 15 Other deductions (attach schedule). ............................................... Enter on applicable line of your return. 16Total cost of qualifying property for the Capital Goods Excise Tax Credit .................................................... Form N-312 17Fuel Tax Credit for Commercial Fishers.......................................... Form N-163 18Amounts needed to claim the Enterprise Zone Tax Credit ............ See attached Form N-756A Form N-756 Credits 19Hawaii Low-Income Housing Tax Credit ......................................... Form N-586 20 Credit for Employment of Vocational Rehabilitation Referrals ........ Form N-884 21 Total qualified production costs for the Motion Picture, Digital Media, and Film Production Income Tax Credit .............................. Form N-340 ID NO 01 SCHEDULE K-1 FORM N-20 (Rev. 2023) |
Enlarge image | Schedule K-1 (Form N-20) (REV. 2023) Page 2 (a) Distributive share items (b) Attributable to (c) Attributable (d) Form N-11 & N-15 filers Hawaii Everywhere enter the amount in column (b) and /or column (c) on: 22Credit for School Repair and Maintenance ..................................... Form N-330 23Renewable Energy Technologies Income Tax Credit...................... See attached Form N-342A Form N-342 24Important Agricultural Land Qualified Agricultural Cost Tax Credit ............................................. Form N-344 25Tax Credit for Research Activities ................................................... Form N-346 26 Historic Preservation Income Tax Credit ......................................... Form N-325 Credits (cont.) 27 Renewable Fuels Production Tax Credit for Years After 12/31/21 .. Form N-360 28 Pass-Through Entity Tax Credit ...................................................... Form N-362 29 Credit for income tax withheld on Form N-288A (net of refunds) ......................................................... Schedule CR, line 9a 30 a Interest expense on investment debts ........................................ Form N-158, line 1 b (1) Investment income included on Schedule K-1, lines 5 through 7 ........................................... See Partner’s Instructions Investment Interest for Schedule K-1 (2) Investment expenses included in (Form N-20) Schedule K-1, line 14 ........................................................... } 31 Recapture of Hawaii Low-Income Housing Tax Credit a From IRC section 42(j)(5) partnerships ...................................... Form N-586, Part III b Other than on line 31a ................................................................ } 32Capital Goods Excise Tax Credit Properties ................................... See attached Form N-312, Part II Form N-312, Part II Credits 33Recapture of Tax Credit for Flood Victims ...................................... Form N-338 34Recapture of Important Agricultural Land Recapture of Tax Qualified Agricultural Cost Tax Credit ............................................. Form N-344 35Recapture of Capital Infrastructure Tax Credit ................................ Form N-348 36Recapture of Historic Preservation Income Tax Credit ................... Form N-325 37List below other items and amounts not included on Other lines 1 through 36 that are required to be reported See Partner’s Instructions for separately to each partner .............................................................. Schedule K-1 (Form N-20). Other Information Provided by Partnership: |