Instructions for Form N-210 "Underpayment of Estimated Tax by Individuals, Estates, and Trusts" - Hawaii

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INSTRUCTION
STATE OF HAWAII — DEPARTMENT OF TAXATION
FORM N-210
INSTRUCTIONS FOR FORM N-210
2020
(REV. 2020)
Underpayment of Estimated Tax by Individuals,
Estates, and Trusts
(NOTE: References to “married” and “spouse” are also references to “in a civil union” and “civil union partner,” respectively.)
GENERAL INSTRUCTIONS
Waiver of Penalty
zero or you were not required to file an income
tax return.
Purpose of Form
If you have an underpayment on line 16, the
Note: If you were a nonresident or a part-year
Department can waive all or part of the penalty
resident in 2019, you do not meet the exception
You must pay income taxes as you earn income
for underpayment if any of the following applies.
under number 2.
during the year, either through withholding or by
1. You retired after reaching age 62 or became
making estimated tax payments. You may have to
If you meet the exception under number 1, you do
disabled in 2019 or 2020 and both the following
make estimated tax payments if the tax withheld
not have to file Form N-210.
requirements are met.
from your salary is not enough, or if you receive
If you meet the exception under number 2, do the
You had a reasonable cause for not making
income that is not subject to withholding, such
following:
the payment.
as self-employment income, interest, dividends,
a. Check box A in Part I.
rents, and capital gains.
Your underpayment was not due to willful
neglect.
b. Enter -0- on line 21 and on the estimated tax
You may be charged a penalty (interest on the
penalty line of your return.
underpayment of estimated tax) if you do not pay
2. You didn’t make a payment because of a
enough tax through withholding and estimated tax
casualty, disaster, or other unusual circumstance
c. Attach Form N-210 to your return.
payments, or if your estimated tax payments are
and it would be inequitable to impose the penalty.
d. Fill in the oval (or check the box) on the
late.
To request any of the above waivers, do the
estimated tax penalty line of your return to
Individuals and fiduciaries of estates and trusts
following:
indicate that Form N-210 is attached.
use Form N-210 to see if they owe a penalty for
Estates and trusts. No penalty applies to either
a. Check box B in Part I.
underpaying their estimated tax and, if so, to figure
of the following:
b. Complete Form N-210 through line 20
the amount of the penalty.
without considering the waiver. Enter the amount
A decedent’s estate for any tax year ending
Other Methods of Figuring the
you want waived in parentheses on the dotted
before the date that is two years after the
Penalty
line next to line 21. Subtract this amount from the
decedent’s death.
total penalty you figured without considering the
A trust that was treated as owned by the
There are different ways to figure the correct
waiver, and enter the result on line 21 and on the
decedent if the trust will receive the residue
penalty. You do not have to use Form N-210 to
estimated tax penalty line of your return.
of the decedent’s estate under the will (or
figure the penalty as long as you enter the correct
c. Attach Form N-210 to your return.
if no will is admitted to probate, the trust
penalty amount on the estimated tax penalty line
primarily responsible for paying debts,
of your return.
d. Attach a statement to your return explaining
taxes, and expenses of administration) for
the reasons you were unable to meet the
However, you are required to file Form N-210 if
any tax year ending before the date that is
estimated tax requirements and the time period
you checked one or more boxes in Part I. You
two years after the decedent’s death.
for which you are requesting a waiver.
must complete certain lines and enter the penalty
Farmers and fishermen. If you meet both tests
e. If you are requesting a waiver due to
(enter -0- if there is no penalty) on line 21 and on
1 and 2 below, you do not owe a penalty for
the estimated tax penalty line of your return. Also,
retirement or disability, attach documentation that
underpaying your estimated tax.
fill in the oval (or check the box) on the estimated
shows your retirement date (and your age on that
tax penalty line of your return to indicate that
date) or the date you became disabled.
1. Your gross income from farming or fishing
Form N-210 is attached.
is at least two-thirds of your annual gross income
f. If you are requesting a waiver due to a
from all sources for 2019 or 2020.
Who Must Pay the Underpayment
casualty, disaster, or other unusual circumstance,
attach documentation such as copies of police
Penalty
2. You filed your Hawaii return and paid the
and insurance company reports.
entire tax due by March 1, 2021.
In general, you may owe the penalty for 2020 if
g. Fill in the oval (or check the box) on the
Note: If you receive a penalty notice, do not
the total of your withholding and timely estimated
estimated tax penalty line of your return to
ignore it, even if you think it is in error. You may get
tax payments were less than the smaller of:
indicate that Form N-210 is attached.
a penalty notice even though you filed your return
1. 60% of your 2020 tax, or
on time, attached Form N-210, and met the gross
The Department will review the information you
income from farming or fishing requirement.
provide and decide whether to grant your request
2. 100% of your 2019 tax. Your 2019 tax return
If you receive a penalty notice for underpaying
for a waiver.
must cover a 12-month period.
estimated tax and you think it is in error, write to
SPECIFIC INSTRUCTIONS
Penalty figured separately for each required
the address on the notice and explain why you
payment. The penalty is figured separately for
think the notice is in error. Include a computation
Part II - Required Annual Payment
each payment due date. Therefore, you may owe
showing that you met the gross income from
the penalty for an earlier due date even if you paid
farming or fishing requirement.
Complete lines 1 through 8 to figure your required
enough tax later to make up the underpayment.
annual payment.
See federal Publication 505, Tax Withholding and
This is true even if you are due a refund when you
Estimated Tax, for the definition of gross income
file your tax return.
Line 1 — Enter your tax liability before credits.
from farming and fishing.
Enter the amount from Form N-11, line 27; Form
Exceptions to the Penalty
N-15, line 44; or Form N-40, Schedule G, line 1;
Lowering or Eliminating the Penalty
whichever applies.
You will not have to pay the penalty if either 1 or
You may be able to lower or eliminate your
2 applies:
Line 2 — Enter the total amount of all the tax
penalty if any of the following applies:
credits, nonrefundable and refundable, claimed
1. The total tax shown on your 2020 return
You request a waiver. See Waiver of
on your tax return.
minus the amount of tax you paid through
Penalty.
withholding and tax credits is less than $500. To
Do not include on this line, payments made for:
determine whether the total tax is less than $500,
You use the annualized income installment
Hawaii income tax withheld
complete lines 1-5.
method. See Schedule A – Required
Tax withheld on Individual Housing Account
Installments
Using
the
Annualized
2. You meet all of the following conditions: (1)
(IHA) distributions
Income Installment Method.
You were a full-year Hawaii resident in 2019 (or
an estate of a Hawaii decedent or a Hawaii trust),
Estimated taxes paid
Instead
of
using
one-fourth
of
your
(2) You had no tax liability for 2019, and (3) Your
withholding for each payment period, you
Amount of estimated tax payments applied
2019 tax year covered a 12-month period. You
choose to use the amounts actually withheld
from the 2019 return to the 2020 return
had no tax liability for 2019 if your total tax was
by each due date. See the instructions for
Amounts paid with extensions
line 10 under Figure Your Underpayment.
Clear Form
INSTRUCTION
STATE OF HAWAII — DEPARTMENT OF TAXATION
FORM N-210
INSTRUCTIONS FOR FORM N-210
2020
(REV. 2020)
Underpayment of Estimated Tax by Individuals,
Estates, and Trusts
(NOTE: References to “married” and “spouse” are also references to “in a civil union” and “civil union partner,” respectively.)
GENERAL INSTRUCTIONS
Waiver of Penalty
zero or you were not required to file an income
tax return.
Purpose of Form
If you have an underpayment on line 16, the
Note: If you were a nonresident or a part-year
Department can waive all or part of the penalty
resident in 2019, you do not meet the exception
You must pay income taxes as you earn income
for underpayment if any of the following applies.
under number 2.
during the year, either through withholding or by
1. You retired after reaching age 62 or became
making estimated tax payments. You may have to
If you meet the exception under number 1, you do
disabled in 2019 or 2020 and both the following
make estimated tax payments if the tax withheld
not have to file Form N-210.
requirements are met.
from your salary is not enough, or if you receive
If you meet the exception under number 2, do the
You had a reasonable cause for not making
income that is not subject to withholding, such
following:
the payment.
as self-employment income, interest, dividends,
a. Check box A in Part I.
rents, and capital gains.
Your underpayment was not due to willful
neglect.
b. Enter -0- on line 21 and on the estimated tax
You may be charged a penalty (interest on the
penalty line of your return.
underpayment of estimated tax) if you do not pay
2. You didn’t make a payment because of a
enough tax through withholding and estimated tax
casualty, disaster, or other unusual circumstance
c. Attach Form N-210 to your return.
payments, or if your estimated tax payments are
and it would be inequitable to impose the penalty.
d. Fill in the oval (or check the box) on the
late.
To request any of the above waivers, do the
estimated tax penalty line of your return to
Individuals and fiduciaries of estates and trusts
following:
indicate that Form N-210 is attached.
use Form N-210 to see if they owe a penalty for
Estates and trusts. No penalty applies to either
a. Check box B in Part I.
underpaying their estimated tax and, if so, to figure
of the following:
b. Complete Form N-210 through line 20
the amount of the penalty.
without considering the waiver. Enter the amount
A decedent’s estate for any tax year ending
Other Methods of Figuring the
you want waived in parentheses on the dotted
before the date that is two years after the
Penalty
line next to line 21. Subtract this amount from the
decedent’s death.
total penalty you figured without considering the
A trust that was treated as owned by the
There are different ways to figure the correct
waiver, and enter the result on line 21 and on the
decedent if the trust will receive the residue
penalty. You do not have to use Form N-210 to
estimated tax penalty line of your return.
of the decedent’s estate under the will (or
figure the penalty as long as you enter the correct
c. Attach Form N-210 to your return.
if no will is admitted to probate, the trust
penalty amount on the estimated tax penalty line
primarily responsible for paying debts,
of your return.
d. Attach a statement to your return explaining
taxes, and expenses of administration) for
the reasons you were unable to meet the
However, you are required to file Form N-210 if
any tax year ending before the date that is
estimated tax requirements and the time period
you checked one or more boxes in Part I. You
two years after the decedent’s death.
for which you are requesting a waiver.
must complete certain lines and enter the penalty
Farmers and fishermen. If you meet both tests
e. If you are requesting a waiver due to
(enter -0- if there is no penalty) on line 21 and on
1 and 2 below, you do not owe a penalty for
the estimated tax penalty line of your return. Also,
retirement or disability, attach documentation that
underpaying your estimated tax.
fill in the oval (or check the box) on the estimated
shows your retirement date (and your age on that
tax penalty line of your return to indicate that
date) or the date you became disabled.
1. Your gross income from farming or fishing
Form N-210 is attached.
is at least two-thirds of your annual gross income
f. If you are requesting a waiver due to a
from all sources for 2019 or 2020.
Who Must Pay the Underpayment
casualty, disaster, or other unusual circumstance,
attach documentation such as copies of police
Penalty
2. You filed your Hawaii return and paid the
and insurance company reports.
entire tax due by March 1, 2021.
In general, you may owe the penalty for 2020 if
g. Fill in the oval (or check the box) on the
Note: If you receive a penalty notice, do not
the total of your withholding and timely estimated
estimated tax penalty line of your return to
ignore it, even if you think it is in error. You may get
tax payments were less than the smaller of:
indicate that Form N-210 is attached.
a penalty notice even though you filed your return
1. 60% of your 2020 tax, or
on time, attached Form N-210, and met the gross
The Department will review the information you
income from farming or fishing requirement.
provide and decide whether to grant your request
2. 100% of your 2019 tax. Your 2019 tax return
If you receive a penalty notice for underpaying
for a waiver.
must cover a 12-month period.
estimated tax and you think it is in error, write to
SPECIFIC INSTRUCTIONS
Penalty figured separately for each required
the address on the notice and explain why you
payment. The penalty is figured separately for
think the notice is in error. Include a computation
Part II - Required Annual Payment
each payment due date. Therefore, you may owe
showing that you met the gross income from
the penalty for an earlier due date even if you paid
farming or fishing requirement.
Complete lines 1 through 8 to figure your required
enough tax later to make up the underpayment.
annual payment.
See federal Publication 505, Tax Withholding and
This is true even if you are due a refund when you
Estimated Tax, for the definition of gross income
file your tax return.
Line 1 — Enter your tax liability before credits.
from farming and fishing.
Enter the amount from Form N-11, line 27; Form
Exceptions to the Penalty
N-15, line 44; or Form N-40, Schedule G, line 1;
Lowering or Eliminating the Penalty
whichever applies.
You will not have to pay the penalty if either 1 or
You may be able to lower or eliminate your
2 applies:
Line 2 — Enter the total amount of all the tax
penalty if any of the following applies:
credits, nonrefundable and refundable, claimed
1. The total tax shown on your 2020 return
You request a waiver. See Waiver of
on your tax return.
minus the amount of tax you paid through
Penalty.
withholding and tax credits is less than $500. To
Do not include on this line, payments made for:
determine whether the total tax is less than $500,
You use the annualized income installment
Hawaii income tax withheld
complete lines 1-5.
method. See Schedule A – Required
Tax withheld on Individual Housing Account
Installments
Using
the
Annualized
2. You meet all of the following conditions: (1)
(IHA) distributions
Income Installment Method.
You were a full-year Hawaii resident in 2019 (or
an estate of a Hawaii decedent or a Hawaii trust),
Estimated taxes paid
Instead
of
using
one-fourth
of
your
(2) You had no tax liability for 2019, and (3) Your
withholding for each payment period, you
Amount of estimated tax payments applied
2019 tax year covered a 12-month period. You
choose to use the amounts actually withheld
from the 2019 return to the 2020 return
had no tax liability for 2019 if your total tax was
by each due date. See the instructions for
Amounts paid with extensions
line 10 under Figure Your Underpayment.
Instructions for Form N-210 (Rev. 2020)
Page 2
Credit for taxes withheld on the sale of
Farmers and fishermen. The instructions for
4. If you file your return and pay the tax due by
January 31, 2021, include on line 10, column (d),
Hawaii real property by a nonresident
figuring your underpayment are modified as
follows:
the amount of tax you pay with your tax return.
Amounts withheld by an S corporation for a
In this case, you will not owe a penalty for the
nonresident shareholder
1. Skip columns (a), (b), and (c).
payment due by January 20, 2021.
Line 4 — Include on this line Hawaii income
2. On line 9, column (d), enter the full amount
5. Reduce the amount of withholding on the
tax withheld from wages, IHA distributions, and
on line 8 of Part II.
disposition of Hawaii real property included
sales of Hawaii real property by a nonresident;
3. On line 10, column (d), enter the total tax
on this line by any amount for which you have
and amounts withheld by an S corporation for a
payments made through January 20, 2021, for
requested a refund on Form N-288C.
nonresident shareholder.
the 2020 tax year.
6. Any payments made on the next working
Line 5 — If this line is less than $500, you do not
4. Skip all lines in column (d) that are shaded
day after the payment due date because of a
have to complete the rest of this form.
in column (a).
Saturday, Sunday, or holiday, will be considered
Line 7—Tax Amount from your 2019 Income
Figure Your Underpayment
paid on the payment due date.
Tax Return.—Enter 100% of your 2019 tax.
If line 10 is equal to or more than line 9 for all
Figure your 2019 tax using the taxes and credits
Line 9 — Enter on line 9, columns (a) through
payment periods, stop here. You do not have to
(d), the amount of your required installment for
shown on your 2019 tax return. Use the same
complete the rest of the form.
type of taxes and credits shown on lines 1 and 2
the due date shown in each column heading. For
Line 16 — If line 16 is zero for all payment
of Form N-210.
most taxpayers, this is one-fourth of the required
periods, you do not owe a penalty. But if you
annual payment shown on line 8 of Part II.
If you are filing a joint return for 2020, but you did
checked one or more boxes in Part I, you must
However, it may be to your benefit to figure your
not file a joint return for 2019, add your 2019 tax
file Form N-210 with your return.
required installments by using the annualized
to your spouse’s 2019 tax and enter the total on
income installment method. See the Schedule A
If line 16 shows an underpayment for any
line 7. If you filed a joint return for 2019 but you
instructions on page 3.
payment period, see Waiver of Penalty on page
are not filing a joint return for 2020, see federal
1. In certain circumstances, the Department will
Line 10 — Enter the taxes withheld from
Publication 505 to figure your share of the 2019
waive all or part of the underpayment penalty.
tax to enter on line 7.
wages, IHA distributions, and sales of Hawaii
real property by a nonresident; estimated tax
Part IV — Figure the Penalty
If you did not file a return for 2019, or if your
payments; and amounts withheld by an S
2019 tax year was less than 12 months, do not
corporation for a nonresident shareholder if the
The underpayment penalty is computed on a
complete line 7. Instead, enter the amount from
S corporation’s payment is made within your tax
monthly basis. This means the penalty is imposed
line 6 on line 8. However, see the Exceptions to
year in the column for the period during which the
on the amount of the underpayment of estimated
the Penalty on page 1.
payment is made.
tax at the rate of 2/3% (.00667) a month or part
Line 8 — Compare the amounts on lines 6 and 7.
of a month.
In column (a), enter the tax payments you made
Enter the smaller of the two amounts on line 8.
by April 20, 2020, for the 2020 tax year; in column
Use Part IV to figure the penalty for any
If the amount on line 4 is equal to or more than the
(b), enter the payments you made after April
underpayment to which none of the exceptions
amount on line 8, you will not have to complete or
20 through June 20, 2020; in column (c), enter
apply. If you made more than one payment
attach Form N-210 unless the following Caution
the payments you made after June 20 through
for any payment period, attach your penalty
applies to you.
September 20, 2020; and in column (d), enter the
computation for each payment. The penalty is
payments you made after September 20, 2020,
applied to the number of months, or part of a
Caution: If the amount you entered on line 8 is
through January 20, 2021.
month, that the installment was not paid. You
your prior year tax (from line 7), and you filed or
figure the period of underpayment by counting
are filing a joint return for either 2019 or 2020 but
When figuring your payment dates and the
the number of months after the due date of the
not for both years, do the following even if you do
amounts to enter on line 10 of each column,
installment to and including the date of payment
not owe a penalty:
apply the following rules:
or April 20, 2021, whichever is earlier. If you are
a. Check box E in Part I.
1. For withheld income tax on wages, you
a fiscal year taxpayer, use the 20th day of the
are considered to have paid one-fourth of these
b. Complete Form N-210 and enter the amount
4th month following the close of your fiscal year
amounts on each payment due date unless you
from line 21 on the estimated tax penalty line of
instead of April 20, 2021.
can show otherwise. If you treat withholding as
your return.
Line 19 — Count the number of months from
paid for estimated tax purposes when it was
c. Attach Form N-210 to your return.
the due date of the payment shown above the
actually withheld, do the following:
column to the date on line 18. A month, for the
d. Fill in the oval (or check the box) on the
a. Check box D in Part I.
purposes of computing the penalty, is the period
estimated tax penalty line of your return to
b. Complete Form N-210 and enter the amount
from the 21st day of the current calendar month
indicate that Form N-210 is attached.
from line 21 on the estimated tax penalty line of
through the 20th day of the following calendar
Part III - Figure Your Underpayment
your return.
month. Enter the number of months, rounding
up any parts of a month. A part of a month is
Nonresident alien. If you are a “Nonresident
c. Attach Form N-210 to your return.
counted as one month.
Alien” (see definition in Form N-15 Instructions)
d. Fill in the oval (or check the box) on the
and did not receive wages as an employee
For example, Mr. Aloha has an underpayment
estimated tax penalty line of your return to
subject to Hawaii income tax withholding, the
for the April 20th installment of $1,000. The June
indicate that Form N-210 is attached.
instructions for figuring your underpayment are
20th installment requires a payment of $2,500.
2. Include all estimated tax payments you
modified as follows:
On June 10th, Mr. Aloha pays $2,500 to cover
made for each period. Include any overpayment
the June 20th installment. However, $1,000 of
1. Skip column (a).
from your 2019 tax return you elected to apply to
this payment will be considered to be for the April
your 2020 estimated tax. If your 2019 return was
2. On line 9, column (b), enter one-half of the
20th installment. The penalty for the April 20th
fully paid by the due date, treat the overpayment
amount on line 8 of Part II (unless you are using
installment is figured to June 10th (2 months).
as a payment made on April 20, 2020. If you mail
the annualized income installment method).
The amount of the payment to be applied to
your estimated tax payments, use the date of the
3. On line 10, column (b), enter the total tax
the June 20th installment will be the remaining
U.S. postmark as the date of payment.
payments made through June 20, 2020, for the
$1,500. Please note that if Mr. Aloha does not
3. If an overpayment is generated on your
2020 tax year. If you are treating Hawaii income
make an additional payment by June 20th to
2019 return from a payment made after the due
tax as having been withheld evenly throughout
cover the remaining $1,000 due for the June 20th
date, treat the payment as made on the date of
the year, you are considered to have paid one-
installment, the underpayment penalty will be
payment. For example, you paid $500 due on your
third of these amounts on each payment due
applied when it is subsequently paid.
2019 return on July 1, 2020, and later amended
date.
Payment of your entire 2020 estimated tax liability,
the return and were due a $400 refund which you
4. Skip all lines in column (b) that are shaded
or any balance due, by January 20, 2021, or filing
elected to have applied to your estimated taxes.
in column (a).
of your 2020 income tax return and payment
The $400 overpayment would be treated as paid
of the tax shown on the return by January 20,
on July 1.
2021, will not relieve you of the penalty if you
did not pay the estimated income tax due earlier
Instructions for Form N-210 (Rev. 2020)
Page 3
in your tax year. If you file your return and pay
4. Enter on line 21, column (b), one-half of
limited. Stop here and enter
the tax due by January 31, 2021, you will have
the amount from Form N-210, Part II, line 8. In
the amount from line 5 on
columns (c) and (d), enter one-fourth of that
no penalty for the January installment, and the
Sch. A, line 6.
periods of underpayment for earlier installments
amount.
11. Multiply line 10 by .03 ........
will end on January 20, 2021.
5. Skip column (b) of lines 19 and 22.
12. Enter the smaller of line 7
Reminder for farmers and fishermen: If your
Annualized Income Installments
or line 11 ...........................
gross income from farming or fishing is at least
13. Line 5 minus line 12.
two-thirds of your annual gross income from all
To figure the amount of each required installment,
Enter the result here
sources for 2019 or 2020, and you file your return
Schedule A selects the smaller of the annualized
and on Sch. A, line 6. ........
and pay the tax due by March 1, 2021, you will
income installment or the regular installment
Line 7 — Nonresidents and part-year residents,
not have to pay the penalty or file this form.
(that has been increased by the amount saved by
enter the amount of your standard deduction
using the annualized income installment method
Schedule A—Required Installments
multiplied by the ratio of your Hawaii adjusted
in figuring any earlier installments).
Using the Annualized Income
gross income to total adjusted gross income from
Line 1 — For each period (column), figure your
Installment Method
all sources.
total income minus your adjustments to income.
Line 10 — For each column, multiply $1,144
If your income varied during the year because,
Include your share of partnership or S corporation
by the number of exemptions you claimed on
for example, you operated your business on a
income or loss items for the period.
Form N-11, line 6e, or Form N-15, line 6e. If
seasonal basis or had a large capital gain late in
If you are self-employed, be sure to take
you claimed the disability exemption, enter that
the year, you may be able to lower or eliminate
into account the deductible part of your self-
amount. Nonresidents and part-year residents,
the amount of one or more required installments
employment tax. For more information on how to
enter the amount of your personal exemptions
by using the annualized income installment
figure this amount for each period, see federal
multiplied by the ratio of your Hawaii adjusted
method. Use Schedule A to figure the required
Publication 505, chapter 4.
gross income to total adjusted gross income from
installments to enter on Form N-210, Part III, line
Line 2 — Estates and trusts, do not use the
all sources.
9.
amounts shown in columns (a) through (d).
Line 12 — To compute the tax, use the Tax
If you use Schedule A for any payment due date,
Instead, use 6, 3, 1.71429, and 1.09091,
Table, Tax Rate Schedules, Capital Gains Tax
you must use it for all payment due dates.
respectively, as the annualization amounts.
Worksheet in the Form N-11 Instructions or in
To use the annualized income installment
Line 6 — If you itemized deductions, multiply line
the Form N-15 Instructions, Form N-168, or Form
method to figure the penalty, you must do all of
4 of each column by line 5 and enter the result
N-615.
the following:
on line 6. But if line 3 is more than $166,800
Line 13 — Enter all of the additional taxes you
a. Check box C in Part I.
($83,400 if married filing separately), use the
owed because of events that occurred during the
following worksheet to figure the amount to enter
b. Complete Schedule A. Enter the amounts
months shown in the column headings. Include
on line 6.
from Schedule A, line 24, in each column of Form
the following:
N-210, Part III, line 9.
1. Enter the amount from
Form N-2, Individual Housing Account
Sch. A, line 4 .....................
c. Complete Form N-210 and enter the amount
Form N-103, Sale of Your Home
from line 21 on the estimated tax penalty line of
2. Enter the amount included
Form N-152, Tax on Lump Sum Distributions
your return.
on line 1 for medical and
dental expenses, investment
Form N-312, Capital Goods Excise Tax
d. Attach Form N-210 to your return.
interest, casualty or theft
Credit Recapture
e. Fill in the oval (or check the box) on the
losses, and gambling losses
Form N-338, Recapture of Tax Credit for
estimated tax penalty line of your return to
3. Line 1 minus line 2 ............
Flood Victims
indicate that Form N-210 is attached.
4. Enter the number from
Nonresident alien. If you did not receive wages
Form N-344, Important Agricultural Land
Sch. A, line 5 .....................
as an employee subject to Hawaii income tax
Qualified Agricultural Cost Tax Credit
withholding, the instructions for Schedule A are
5. Multiply line 1 by line 4 ......
Recapture
modified as follows:
Note: If line 3 is zero, your
Form N-348, Capital Infrastructure Tax
1. Skip column (a).
deduction is not limited.
Credit Recapture
Stop here and enter the
2. Beginning with column (b), enter on line
Form
N-405,
Tax
on
Accumulation
amount from line 5 on
1 your income for the period that is effectively
Distribution of Trusts
Sch. A, line 6.
connected with a Hawaii trade or business.
Form N-586, Tax Credit for Low Income
6. Multiply line 3 by line 4 ......
3. Increase the amount on line 16 by the
Housing Recapture
7. Multiply line 6 by .80 ..........
amount determined by multiplying your income
Form N-814, Parent’s Election to Report
for the period that is not effectively connected
8. Enter the amount from
Child’s Interest and Dividends
with a Hawaii trade or business by the following:
Sch. A, line 3 .....................
Line 15 — Enter the credits you are entitled
In column (b), 72%.
9. Enter $166,800 ($83,400 if
to because of events that occurred during the
In column (c), 45%.
married filing separately) ...
months shown in the column headings. When
figuring your credits, you must annualize any item
10. Line 8 minus line 9 ............
In column (d), 30%.
of income or deduction used to figure the credit.
Note: If line 10 is zero or
less, your deduction is not
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