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                                                                                                                                                   Clear Form
                          STATE OF HAWAII __ DEPARTMENT OF TAXATION                                Copy A - For State of Hawaii, Department of Taxation
  FORM                  Application for Withholding Certificate 
  N-288B                  for Dispositions by Nonresident 
  (REV. 2019)             Persons of Hawaii Real Property 
                                                               Interest
                        File Copies A and B of this form with the Department of Taxation.
                        DO NOT file Form N-288B if the transfer of property has already 
                        taken place. The Department of Taxation will not approve Form 
                        N-288B after the date of transfer reported on line 4a has passed.
                        Please be sure to complete ALL lines and attach ALL supporting 
                        documentation OR your application will be rejected.
                        See Instructions on the back of Copy B.
1  Name of applicant (Transferor/seller)                                                                        Identification number (SSN or FEIN)

  Mailing address where you want withholding certificate sent                                                           Daytime phone no. of applicant
                                                                                                                        (           )
  City, State, and ZIP code (province, postal code, and country)

2  Names of all transferors/sellers (Attach additional sheets if more than one transferor/seller.)              Identification number (SSN or FEIN)

  Address (number and street)

  City, State, and ZIP code (province, postal code, and country)

3  Names of all transferees/buyers (Attach additional sheets if more than one transferee/buyer.)                I.D. no. (Last 4 numbers of the SSN or FEIN)

  Address (number and street)

  City, State, and ZIP code (province, postal code, and country)

4  Description of Hawaii real property transaction:
  a Date of transfer (month, day, year).                                           DO NOT file Form N-288B if the transfer of property has already taken place. 
    The Department of Taxation will not approve Form N-288B after the date of transfer has passed.
  b Location and general description of property (Include tax map key number)  ________________________________________________________
     ____________________________________________________________________________________________________________________

5  Check the box to indicate the reason a withholding certificate should be issued.  
  NOTE:  The transferor/seller is required under section 235-92, HRS, to file an income tax return whether or not the person derives a taxable gain.

  … a  The transferor/seller will not realize any gain with respect to the transfer.  (Complete 5a on the back of Copy A.) 
  … b There will be insufficient proceeds to pay the withholding required under section 235-68(b), Hawaii Revised Statutes, after payment of  
        all costs, including selling expenses and the amount of any mortgage or lien secured by the property. (Complete 5b on the back of Copy A.)
6  Was the property used at anytime as a rental? .................................   Yes …  No …                Hawaii Tax I.D. Number
  If yes, enter your Hawaii Tax I.D. Number.                                                                    GE            -            -          -     
                  I hereby declare under penalties provided by section 231-36, HRS, that I have examined this application and accompanying attachments, and, to the best of my knowledge and 
Please            belief, they are true, correct, and complete.
                  h  ___________________________________________     _______________________________     _________________________
Sign                                 Signature                                            Title (If applicable)                                Date
                  h  ___________________________________________     _______________________________     _________________________
Here                            Spouse’s signature (If applicable)                        Title (If applicable)                                Date

FOR OFFICIAL USE ONLY:

Approved:                                                                                  Disapproved:   
                          Month                                Day     Year                                     Month                 Day           Year

Amount required to be withheld            $

Signature  

 N288B_I 2019A 01 VID01                                            ID NO 01                                                                    FORM N-288B



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FORM N-288B
(REV. 2019)
5a. Calculation and written justification showing that the transferor/seller will not realize any gain with respect to the transfer.  
    Attach a copy of a tentative statement from your escrow company for this transaction showing the gross sales price.  
    Also attach a copy of your closing escrow statement from your purchase or acquisition of this property. (Note: You must 
    provide documentation for all items in the calculation. Do NOT include any carryforward, net operating or suspended 
    passive activity losses on line 2b.)

    1.  Sales Price                                                                 $  __________________________

    2a.  Purchase price of property                    ____________________________

    2b.  Add:  Improvements (attach schedule)          ____________________________

           Selling expenses                            ____________________________

           Other (attach list and schedule)            ____________________________

    2c.  Less:  Depreciation (attach schedule)         ____________________________

           Other (attach list and schedule)            ____________________________

    3.  Adjusted basis of property. (Line 2a plus line 2b, minus line 2c)           $  __________________________

    4.  Line 1 minus line 3. If greater than zero, you DO NOT qualify for  
     a waiver of the withholding. Do not file this form with the State of Hawaii,   
     Department of Taxation.  Exception: If this property was used as your main  
     home and you may qualify to exclude the entire gain, use Form N-103 as a
     worksheet and attach Form N-103 to this Form N-288B.                           $  __________________________

5b.  Calculation and written justification showing that there will be insufficient proceeds to pay the withholding required under 
    section 235-68(b), Hawaii Revised Statutes, after payment of all costs, including selling expenses and the amount of 
    any mortgage or lien secured by the property. Attach a copy of a tentative statement from your escrow company for this 
    transaction showing the distribution of funds received.

    1a.  Sales price                                                                $  __________________________

    1b.  Sales proceeds to be received in forms
     other than cash (describe)    __________________________________                 ___________________________

    1c.  Sales proceeds to be received in cash (Line 1a minus line 1b)                ___________________________

    2a.  Selling expenses. Attach a schedule
     or list below to indicate the breakdown of 
     your calculations.                                $  ________________________

    2b.  Mortgage(s) secured by the property sold to
     be paid off with cash proceeds                       ________________________

    2c.  Other (list):

    3.  Add lines 2a through 2c                                                     $  __________________________

    4.  Amount to be withheld. Line 1c minus line 3 (If less than zero, enter zero) $  __________________________



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                     STATE OF HAWAII __ DEPARTMENT OF TAXATION                                     Copy B - To be returned to Transferor/seller
  FORM           Application for Withholding Certificate 
  N-288B             for Dispositions by Nonresident 
  (REV. 2019)        Persons of Hawaii Real Property 
                                                        Interest
                 File Copies A and B of this form with the Department of Taxation.
                 DO NOT file Form N-288B if the transfer of property has already 
                     taken place. The Department of Taxation will not approve Form 
                     N-288B after the date of transfer reported on line 4a has passed.
                 Please be sure to complete ALL lines and attach ALL supporting 
                     documentation OR your application will be rejected.
                 See Instructions on the back of Copy B.
1  Name of applicant (Transferor/seller) 

  Mailing address where you want withholding certificate sent                                                           Daytime phone no. of applicant
                                                                                                                        (           )
  City, State, and ZIP code (province, postal code, and country)

2  Names of all transferors/sellers (Attach additional sheets if more than one transferor/seller.) 

  Address (number and street)

  City, State, and ZIP code (province, postal code, and country)

3  Names of all transferees/buyers (Attach additional sheets if more than one transferee/buyer.)                I.D. no. (Last 4 numbers of the SSN or FEIN)

  Address (number and street)

  City, State, and ZIP code (province, postal code, and country)

4  Description of Hawaii real property transaction:
  a Date of transfer (month, day, year).                                           DO NOT file Form N-288B if the transfer of property has already taken place. 
    The Department of Taxation will not approve Form N-288B after the date of transfer has passed.
  b Location and general description of property (Include tax map key number)  ________________________________________________________
     ____________________________________________________________________________________________________________________

5  Check the box to indicate the reason a withholding certificate should be issued.  
  NOTE:  The transferor/seller is required under section 235-92, HRS, to file an income tax return whether or not the person derives a taxable gain.

  … a  The transferor/seller will not realize any gain with respect to the transfer.  (Complete 5a on the back of Copy A.) 
  … b There will be insufficient proceeds to pay the withholding required under section 235-68(b), Hawaii Revised Statutes, after payment of  
        all costs, including selling expenses and the amount of any mortgage or lien secured by the property. (Complete 5b on the back of Copy A.)
6  Was the property used at anytime as a rental? .................................   Yes …  No …                Hawaii Tax I.D. Number
  If yes, enter your Hawaii Tax I.D. Number.                                                                    GE            -            -          -     
           I hereby declare under penalties provided by section 231-36, HRS, that I have examined this application and accompanying attachments, and, to the best of my knowledge and 
Please     belief, they are true, correct, and complete.
           h  ___________________________________________     _______________________________     _________________________
Sign                                 Signature                                            Title (If applicable)                                Date
           h  ___________________________________________     _______________________________     _________________________
Here                        Spouse’s signature (If applicable)                            Title (If applicable)                                Date

FOR OFFICIAL USE ONLY:

Approved:                                                                                  Disapproved:   
                     Month                              Day     Year                                            Month                 Day          Year

Amount required to be withheld            $

Signature  

                                                                                                                                               FORM N-288B



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INSTRUCTION                                            STATE OF HAWAII — DEPARTMENT OF TAXATION 
FORM N-288B                                            Instructions for Form N-288B 
(REV. 2019)                 Application for Withholding Certificate for Dispositions by 
                            Nonresident Persons of Hawaii Real Property Interest
                        NOTE:  References to “married” and “spouse” are also references to “in a civil union” and “civil union 
                            partner,” respectively.)
General Instructions                                   transfer. Forms N-288B filed later than 10 work-      return whether or not the person derives a 
                                                       ing days prior to the date of transfer will not be    taxable gain.
Purpose of Form                                        accepted and will be returned to the transferor/      Line  6. If  the  property  was  used as  a rental 
Use Form N-288B to apply for a withholding cer-        seller. The Department will not approve Forms         property at anytime by the transferor/seller(s), 
tificate to waive or adjust withholding on disposi-    N-288B after the date of transfer reported on         check the box marked “yes” and fill in the appropri-
tions by nonresident persons of Hawaii real prop-      line 4a has passed. Timely mailing of Form N-         ate Hawaii Tax I.D. Number. If not, check the box 
erty interest. Use this form only for applications     288B by U.S. mail or any delivery service desig-      marked “no.”
based on (1) a claim that the transferor/seller will   nated for purposes of section 7502 of the federal 
not realize any gain with respect to the transfer, or  Internal Revenue Code will be treated as timely       Back of Copy A
(2) a claim that there will be insufficient proceeds   filed. See Tax Information Release No. 97-3 for 
to pay the withholding required under section          more information.                                     Line 5a(1). Enter the gross sales price from the 
                                                                                                             sale. Attach a copy of a tentative statement from 
235-68(b), Hawaii Revised Statutes (HRS), after        Where to Send Form N-288B                             your escrow company for this transaction showing 
payment of all costs, including selling expenses                                                             the gross sales price, the transferor(s)/seller(s), 
and the amount of any mortgage or lien secured         Copies A and B of Form N-288B must be                 and the transferee(s)/buyer(s).
by the property. If a nonresident transferor/seller    mailed or hand delivered to the taxation district 
transfers two or more Hawaii real property inter-      office listed below which is located in the county    Line 5a(2a). Purchase price of property (attach 
ests, one Form N-288B should be filed for each         where the closing of the sale is taking place, or the tentative statement).
property transferred.                                  county in which the property is located. After the    Line 5a(2b). Improvements: Attach schedule of 
                                                       form has been approved or disapproved, copy B         improvements  with  contracts,  invoices,  receipts 
Who Can Apply for a Withholding                        of Form N-288B will be returned to the transferor/    and any supporting documents. Selling expenses: 
Certificate                                            seller at the address specified on line 1. If copy B  List selling expenses such as commissions, state 
                                                       of Form N-288B is not submitted, a copy of the        transfer taxes, etc. Other: Attach list and schedule 
The transferor/seller can file Form N-288B. If         form will not be returned to the transferor/seller.   any evidence supporting your claim.
two or more nonresident transferors/sellers jointly    We do not fax confidential information concern-
transfer a Hawaii real property interest, a separate   ing Form N-288B, nor do we accept Form N-288B         Line 5a(4). Line 1 minus line 3. If greater than 
Form N-288B should be filed for each nonresident       through fax.                                          zero, you DO NOT qualify for a waiver of withhold-
transferor/seller applying for a withholding certifi-                                                        ing. Do not submit Form N-288B. Exception: If the 
cate. One Form N-288B should be filed for a tax-       Specific Instructions                                 sale of the property was your main home and you 
payer and spouse if they will be filing a joint return                                                       qualify to exclude the entire gain, use Form N-103 
for the year in which they transferred their Hawaii    Line 2. Enter “Same as line 1” unless you are         as a worksheet and attach Form N-103 to Form 
real property interest.                                entering another address. If you entered a mailing    N-288B.
                                                       address on line 1 that is not your actual address, 
Withholding Certificate                                enter your actual address on line 2. If there are     Line 5b(1a). Enter the gross sales price from the 
                                                       multiple transferor/sellers, attach additional sheets sale. Attach a copy of a tentative statement from 
Upon receipt of Form N-288B, the State of Ha-          giving the required information about each one,       your escrow company for this transaction showing 
waii, Department of Taxation (Department) shall        indicating ownership percentage and residency         the distribution of funds received, the transferor(s)/
determine whether the transferor/seller has re-        status.                                               seller(s), and the transferee(s)/buyer(s).
alized or will realize any gain with respect to the                                                          Line 5b(1b). Enter the amount of sales pro-
transfer, or whether there will be insufficient pro-   Line 3. Enter the name, address, and iden-
ceeds to pay the withholding. After the form has       tification number (last 4 numbers of the SSN or       ceeds to be received in forms other than cash, 
been approved or disapproved, a copy of the form       FEIN), if any, of the transferee/buyer. The Internal  such as an agreement of sale or purchase money 
will be returned to the transferor/seller, who shall   Revenue Service (IRS) issues Individual Taxpayer      mortgage.
thereafter transmit the form to the transferee/buyer.  Identification Numbers (ITINs) to certain aliens      Line 5b(2a). Enter any expense of sale, such as 
                                                       who are required to have a U. S. taxpayer identi-     commissions and state transfer taxes.
If the Department is satisfied that no gain will be    fication number but who do not have, and are not 
realized, the Department will waive the withhold-      eligible to obtain, a  social security number. The    Line  5b(2c).  Enter  any other  cost  associated 
ing requirement and the transferee/buyer is not        last 4 numbers of the ITIN issued by the IRS must     with the sale of the property, such as liens secured 
required to withhold any tax. The transferee/buyer     be used as the individual’s identification number. If by the property.
shall attach a copy of the Form N-288B to Forms        the individual has applied for an ITIN but the IRS 
N-288 and N-288A, which must still be filed with       has not yet issued the ITIN, write “Applied For.” If  Signature
the Department.                                        there are multiple transferee/buyers, attach addi-    Form N-288B must be signed by an individual, a 
If the Department is satisfied that there will be      tional sheets giving the required information about   responsible corporate officer, a member or gener-
insufficient proceeds to pay the withholding, the      each one.                                             al partner of a partnership, or a trustee, executor, 
Department will adjust the amount required to be       Line 4. Enter the appropriate information. In 4b,     or other fiduciary of a trust or estate. If Form N-
withheld and the transferee/buyer shall withhold       enter the address and description of the property.    288B is being filed by a taxpayer and spouse, both 
the adjusted amount and submit the payment,            Include the tax map key number.                       must sign the form. In addition, Form N-288B may 
Form N-288, Form N-288A, and Form N-288B to                                                                  be signed by an authorized agent with a power of 
the Department.                                        Line 5. If 5a is checked, 5a on the back of Copy      attorney. 
                                                       A must be completed. If 5b is checked, 5b on the 
When to File Form N-288B                               back of Copy A must be completed.
Form N-288B must be filed with the Department          NOTE: The transferor/seller is required under 
no later than 10 working days prior to the date of     section 235-92, HRS, to file an income tax 

                                                       MAILING ADDRESSES
OAHU DISTRICT OFFICE        MAUI DISTRICT OFFICE                          HAWAII DISTRICT OFFICE                       KAUAI DISTRICT OFFICE 
OFFICE AUDIT BRANCH - N-288B  RE: N-288B                                  RE: N-288B                                   RE: N-288B 
P. O. BOX 259               54 S. HIGH STREET, #208                       75 AUPUNI STREET, #101                       3060 EIWA STREET, #105 
HONOLULU, HAWAII 96809-0259 WAILUKU, HAWAII 96793-2198                    HILO, HAWAII 96720-4245                      LIHUE, HAWAII 96766-1889 
(830 PUNCHBOWL STREET, #228)  808-984-8500                                808-974-6321                                 808-274-3456
808-587-1644






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