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This version of the form is not currently in use and is provided for reference only. Download this version of
Form N-158
for the current year.
Form N-158 Investment Interest Expense Deduction - Hawaii
What Is Form N-158?
This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form N-158?A: Form N-158 is used to claim the investment interest expense deduction.
Q: What is the investment interest expense deduction?A: The investment interest expense deduction allows taxpayers to deduct interest paid on loans used to invest in taxable investments.
Q: Who can use Form N-158?A: Form N-158 is specifically for residents of Hawaii who are eligible to claim the investment interest expense deduction.
Q: What information is required on Form N-158?A: Form N-158 requires the taxpayer to provide information about their investment income and expenses.
Q: When is the deadline to file Form N-158?A: The deadline to file Form N-158 is the same as the deadline to file your Hawaii state tax return.
Q: Is the investment interest expense deduction available in all states?A: Yes, the investment interest expense deduction is available in all states, including Hawaii.
Q: Can I claim the investment interest expense deduction if I don't live in Hawaii?A: No, Form N-158 is specifically for residents of Hawaii.
Q: Can I claim the investment interest expense deduction for personal loans?A: No, the investment interest expense deduction only applies to loans used for taxable investments.
Q: Do I need to attach any supporting documents with Form N-158?A: It is recommended to keep records of your investment income and expenses, but you do not need to attach them with the form.
Q: Can I e-file Form N-158?A: Yes, you can e-file Form N-158 if you are filing your Hawaii state tax return electronically.
Q: Is the investment interest expense deduction subject to any limitations?A: Yes, there are certain limitations on the amount of investment interest expense that can be deducted.
Form Details:
- Released on January 1, 2019;
- The latest edition provided by the Hawaii Department of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form N-158 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.
Download Form N-158 Investment Interest Expense Deduction - Hawaii
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