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Schedule STATE OF HAWAII — DEPARTMENT OF TAXATION
D-1 Sales of Business Property
(Rev. 2023) (Also Involuntary Conversions and Recapture Amounts 2023
Under IRC Sections 179 and 280F(b)(2)) SCHD1_I 2023A 01 VID01
To be filed with Form N-15, N-20, N-30, N-35, N-40, etc. See separate instructions, including those for N-11 or N-15
CAUTION: Do not confuse this schedule with the federal Schedule D-1.
Name(s) as shown on tax return Social Security Number or Federal Employer I.D. No.
1aEnter the gross proceeds from sales or exchanges reported to you for 2023 on federal Form(s) 1099-B
or 1099-S (or a substitute statement) that you will be including on line 2 (Column d), line 11 (Column d), or line 21. .......... 1a
bEnter the total amount of gain included on lines 2, 11, and 25 due to the partial dispositions of MACRS assets. ................. 1b
cEnter the total amount of loss included on lines 2 and 11 due to the partial dispositions of MACRS assets. ........................ 1c
Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than
Casualty and Theft – Most Property Held More Than 1 Year
(e) Depreciation (f) Cost or other
2 (a) Description of (b) Date acquired (c) Date sold (d) Gross sales allowed basis, plus (g) LOSS (h) GAIN (d) plus (e)
property (mo., day, yr.) (mo., day, yr.) price (or allowable) improvements and (f) minus the minus (f)
since acquisition expense of sale sum of (d) and (e)
3Gain, if any, from federal Form 4684, line 39 ........................................................................................... 3
4IRC section 1231 gain from installment sales from federal Form 6252, line 26 or 37 .............................. 4
5IRC section 1231 gain or (loss) from like-kind exchanges from federal Form 8824 ................................. 5
6Gain, if any, from Part III, line 33, from other than casualty or theft ......................................................... 6
7Add lines 2 through 6 in columns (g) and (h) ........................................................................................... 7 ( )
8Combine columns (g) and (h) of line 7. Enter gain or (loss) here, and on the appropriate line as follows 8
For Partnerships and S Corporations – Enter on N-20, Sch. K, line 10; Enter on N-35, Sch. K, line 9.
Skip lines 9, 10, 12 & 13.
For individuals, partners, S corporation shareholders, and all others –
If line 8 is zero or a loss, enter the amount on line 12 below and skip lines 9 and 10.
If line 8 is a gain and you did not have any prior year IRC section 1231 losses, or they were recaptured in an earlier year,
enter the gain as a long-term capital gain on Schedule D for your return or on the Capital Gain/Loss Worksheet in the
Form N-15 Instructions and skip lines 9, 10, 12, and 13, below.
9Nonrecaptured net IRC section 1231 losses from prior years (see Instructions) 9
10 Line 8 minus line 9. If zero or less, enter zero, enter the amount from line 8 on line 13 below. If more than zero, enter
the amount from line 9 on line 13 below and enter the gain from line 10 as a long-term capital gain on Schedule D for
your return or on the Capital Gain/Loss Worksheet in the Form N-15 Instructions. (See specific Instructions for line 10.) 10
Part II Ordinary Gains and Losses
11Ordinary gains and losses not included on lines 12 through 17 (include property held 1 year or less)
12 Loss, if any, from line 8 ............................................................................................................................. 12
13Gain, if any, from line 8, or amount from line 9 if applicable ................................................................... 13
14Gain, if any, from Part III, line 32 .............................................................................................................. 14
15Net gain or (loss) from federal Form 4684, lines 31 and 38a ................................................................... 15
16Ordinary gain from installment sales from federal Form 6252, line 25 or 36 ............................................ 16
17Ordinary gain or (loss) from like-kind exchanges from federal Form 8824 .............................................. 17
18Add lines 11 through 17 in columns (g) and (h) ........................................................................................ 18 ( )
19 Combine columns (g) and (h) of line 18. For all except individual returns, enter this amount on the appropriate line
of the return being filed. For individual returns, complete lines a and b below ........................................................................... 19
(a) If the loss on line 12 includes a loss from federal Form 4684, line 35, column (b) (ii), enter that part of the loss
here. Enter the part of the loss from income-producing property on Worksheet A-6, line 30, in the Form N-11
Instructions or on Worksheet NR-6, line 31 or 32, or on Worksheet PY-6, line 57 or 58 in the Form N-15
Instructions; and the part of the loss from property used as an employee on Worksheet A-6, line 25, on
Worksheet NR-6, line 25 or 26, or on Worksheet PY-6, line 48 or 49. Identify as from “Schedule D-1, line 19(a).” ......... 19(a)
(b) Redetermine the gain or (loss) on line 19, excluding the loss (if any) on line 19(b). Enter here and on
Form N-15, line 14 ............................................................................................................................................................... 19(b)
Schedule D-1 (Rev. 2023)
ID NO 01
