Hawaii Sale of Your Home

Sale of Your Home
Form N-103, Rev. 2022, Sale of Your Home
Clear Form
STATE OF HAWAII — DEPARTMENT OF TAXATION

SALE OF YOUR HOME

FORM

N-103

SEE SEPARATE INSTRUCTIONS.
ATTACH TO FORM N-11 OR N-15.

(REV. 2023)

2023
N103_I 2023A 01 VID01

PRINT OR TYPE

(NOTE: References to “married” and “spouse” are also references to “in a civil union” and “civil union partner,” respectively.)
Your first name and initial	

Last name	

Your social security number

If a joint return, spouse’s first name and initial	

Last name	

Spouse’s social security number

Fill in your address
if you are filing this
form by itself and
not with your tax
return

PART I

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	 5	
	 6	
	 7	

Present mailing or home address (Number and street, including apartment number or rural route)

City, town or post office, State, and Postal/ZIP code

General Information

Date your former main home was sold (month, day, year)........................................................................................†
Was any part of your former main home rented out or used for business? (If “Yes,” see Instructions.).........................................  Yes	
Was your former main home purchased with funds from an Individual Housing Account?............................................................  Yes	
(If “Yes,” go to line 4; if “No,” go to line 8.)
When was your former main home purchased? (month, day, year)..........................................................................†
Amount of distribution from your Individual Housing Account used to purchase your former main home..............	
5
Amount of line 5 not previously reported. (See Instructions) If line 6 is zero, go to line 8. If line 6 is more than
zero, include this amount on Form N-11, line 10, or Form N-15, line 19, and go to line 7......................................	
6
Enter 10% (.10) of line 5. (See Instructions for where to include this amount on Form N-11 or N-15)...................	
7

PART II

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Gain or (Loss), Exclusion, and Taxable Gain

Sale price of home. (Do not include payment received for personal property that you sold with your home.).......	
Selling expenses (including commissions, advertising and legal fees, and seller-paid loan charges)...................	
Amount realized. Line 8 minus line 9......................................................................................................................	
Adjusted basis of home sold. (See Instructions)....................................................................................................	
Gain or (loss) on the sale. Line 10 minus line 11. If this amount is zero or less, stop here..................................	
If you used any part of your home for business or rental purposes between May 6, 1997, and the date of sale,
continue to line 13. Otherwise, skip to line 14, and enter the amount from line 12 on line 14.
	13	 Enter the total of all depreciation deductions that you took or could have taken for the use of your home for
business or rental purposes between May 6, 1997, and the date of sale..............................................................	
	 14	 Line 12 minus line 13. This is your net gain............................................................................................................	
		 If there was a period, after the year 2008, when neither you nor your spouse (or your former spouse) used the
property as a main home, and that period of non-use occurred during the 5-year period prior to the date of sale
and before the time when you or your spouse (or your former spouse) used that property as a main home,
continue to line 15. Otherwise, skip to line 19, and enter the amount from line 14 on line 19.
		Note: If the period of non-use was for (1) 2 years or less and due to a change in employment, a health condition,
or other unforeseen circumstance, or (2) 10 years or less and due to a “stop the clock” exception for certain
military, intelligence, and Peace Corps personnel, skip to line 19, and enter the amount from line 14 on line 19.
	15	 Enter the total number of days after 2008 when neither you nor your spouse (or former spouse) used the home
as a main residence. This number is your non-use days.......................................................................................	
	 16	 Enter the total number of days you owned your home (counting all days, not just days after 2008).
This number is your number of days owned...........................................................................................................	
	 17	 Divide the amount on line 15 by the amount on line 16. This number is your non-residence factor.......................	
	 18	 Line 12 multiplied by line 17. This number is your non-qualified use gain..............................................................	
	 19	 Gain eligible for exclusion. Line 14 minus line 18...................................................................................................	
	 20	 If you qualify to exclude gain on the sale, enter your maximum exclusion. (See Instructions) If you qualify for a
partial exclusion, enter the amount from the Find Your Exclusion Limit Worksheet in federal Publication 523.
If you do not qualify to exclude gain, enter -0-........................................................................................................	
	 21	 Exclusion. Enter the smaller of line 19 or line 20..................................................................................................	
	 22	 Taxable gain. Line 12 minus line 21. (See Instructions for where to report your taxable gain.)............................	
Sign here if
you are filing
this form by
itself and not
with your tax
return

 No
 No

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I declare, under the penalties set forth in section 231-36, HRS, that I have examined this form, including attachments, and to the best of my knowledge
and belief, it is true, correct, and complete.

			
†
†
	
Your signature	
Date		
				

Spouse’s signature 	
(If joint return, both must sign)

Date

		
FORM N-103 (REV. 2023)

ID NO 01