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Hawaii Partnership Tax Return
Extracted from PDF file 2023-hawaii-form-n-20.pdf, last modified October 2003Partnership Tax Return
Clear Form FORM STATE OF HAWAII—DEPARTMENT OF TAXATION N-20 PARTNERSHIP RETURN OF INCOME (REV. 2023) THIS SPACE FOR DATE RECEIVED STAMP For calendar year 2023 or other tax year beginning ____________________________________ , 2023 and ending ______________________________________ , 20_____ N20_I 2023A 01 VID01 A Federal Employer I.D. No. B Business Code No. (from federal Form 1065) Mailing Address (number and street) C Principal business activity City or town, State, and Postal/ZIP Code. If foreign address, see Instructions. D Hawaii Tax I.D. No. PRINT OR TYPE Partnership Name Dba or C/O E Check applicable boxes: (1) (4) (2) Initial Return IRS Adjustment (5) Final Return Electing PTE (Attach Sch PTE) (3) Amended Return (Attach Sch AMD) (6) Upper-Tier PTE (Attach Sch PTE-U) FOR LINES 1 - 9, ENTER AMOUNTS FROM COMPARABLE LINES ON FEDERAL FORM 1065 Please Sign Here ORDINARY INCOME (LOSS) FROM TRADE OR BUSINESS ACTIVITIES 1 a Gross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a b Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b c Line 1a minus line 1b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c 2 Cost of goods sold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Gross profit (line 1c minus line 2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Ordinary income (loss) from other partnerships, estates, and trusts. . . . . . . . . . . . . . . . . . . . . . . 4 5 Net farm profit (loss) (attach federal Schedule F (Form 1040)). . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Net gain (loss) from federal Form 4797, Part II, line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Other income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 TOTAL income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 TOTAL deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Ordinary income (loss) from trade or business activities before Hawaii adjustments (line 8 minus line 9). . . . 10 ADD: 11 a Deductions allowable for federal tax purposes but not allowable or allowable only in part for Hawaii tax purposes (attach schedule). . . . . . . . . . . . . . 11a b Net gain or (loss) from Schedule D-1, Part II, line 19. . . . . . . . . . . . . . . 11b c The portion of the Hawaii jobs credit claimed applicable to current year new employees. 11c d Other additions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . 11d 12 Total of lines 11a, 11b, 11c, and 11d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Total of lines 10 and 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 DEDUCT: 14 a Net gain or (loss) from federal Form 4797, Part II, line 17 (line 6 above) . . . . . 14a b Federal employment credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14b c Other deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . 14c 15 Total of lines 14a, 14b, and 14c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Ordinary income (loss) from trade or business activities for Hawaii tax purposes (line 13 minus 15) . . . . . . 16 DECLARATION I declare, under the penalties set forth in section 231-36, HRS, that this return (including any accompanying schedules or statements) has been examined by me and, to the best of my knowledge and belief, is a true, correct, and complete return, made in good faith, for the taxable year stated, pursuant to the Hawaii Income Tax Law, Chapter 235, HRS. Declaration of preparer (other than general partner or limited liability company member manager) is based on all information of which preparer has any knowledge. Signature of general partner or limited liability company member Date ê May the Hawaii Department of Taxation discuss this return with the preparer shown below?. . . . . . . . . . . . . Yes No (See page 2 of the Instructions) This designation does not replace Form N-848, Power of Attorney Date PTIN Preparer’s Signature Check if Print Preparer’s Name self-employed Paid Preparer’s Information Federal Firm’s name (or yours E.I. No. if self-employed) Phone no. Address and Postal/ZIP Code PRT1H7V9 ID NO 01 FORM N-20 (REV. 2023) FORM N-20 (REV. 2023) Page 2 Partnership Name Federal Employer I.D. No. N20_I 2023A 02 VID01 AMENDED RETURN TAX & PAYMENTS 17 a Pass-Through entity tax (attach Schedule PTE) (see instructions). . . . . . . . 17a b Interest due under look-back method. . . . . . . . . . . . . . . . . . . . . . . 17b c Add lines 17a and 17b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 a 2023 estimated tax payments from N-201Vs. . . . . . . . . . . . . . . . . . . 18a b Payments with extension. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18b c Add lines 18a and 18b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 OVERPAYMENT (If line 18c is larger than line 17c), enter AMOUNT OVERPAID and to be REFUNDED . 20 TAX DUE (If line 17c is larger than line 18c) enter the amount due . . . . . . . . . . . . . . . . . . . . . 21 AMOUNT OF PAYMENT (see Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Amount paid (overpaid) on original return — AMENDED RETURN ONLY . . . . . . . . . . . . . . . . . 23 BALANCE DUE (REFUND) with amended return (See Instructions) . . . . . . . . . . . . . . . . . . . PRT2H7V9 ID NO 01 . . . 17c . . . . . . 18c 19 20 21 22 23 . . . . . . . . . . . . FORM N-20 (REV. 2023) FORM N-20 (REV. 2023) Page 3 Partnership Name Federal Employer I.D. No. N20_I 2023A 03 VID01 b. Attributable to Hawaii 1 Ordinary income (loss) from trade or business activities (page 1, line 16). . . . . . . 2 Net income (loss) from rental real estate activities (attach federal Form 8825) . . . . 3 a Gross income (loss) from other rental activities . . . . . . . . . . . . . . . . . . . . b Expenses from other rental activities (attach schedule). . . . . . . . . . . . . . . . c Net income (loss) from other rental activities (line 3a minus line 3b) . . . . . . . . . 4 Guaranteed Payments to Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Ordinary dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Royalty income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Net short-term capital gain (loss) (Schedule D (Form N-20)). . . . . . . . . . . . . 9 Net long-term capital gain (loss) (Schedule D (Form N-20)). . . . . . . . . . . . . . 10 Net gain (loss) under IRC section 1231 (attach Schedule D-1) . . . . . . . . . . . . 11 Other income (loss) (attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . 12 Charitable contributions (attach schedule). . . . . . . . . . . . . . . . . . . . . . . 13 IRC section 179 expense deduction (attach federal Form 4562) . . . . . . . . . . . 14 Deductions related to portfolio income (loss) (attach schedule). . . . . . . . . . . . 15 Other deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Total cost of qualifying property for the Capital Goods Excise Tax Credit (attach Form N-312) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Fuel Tax Credit for Commercial Fishers (attach Form N-163). . . . . . . . . . . . . 18 Amounts needed to claim the Enterprise Zone Tax Credit (attach Form N-756) . . See N-756A 19 Hawaii Low-Income Housing Tax Credit (attach Form N-586). . . . . . . . . . . . . 20 Credit for Employment of Vocational Rehabilitation Referrals (attach Form N-884). . . . 21 Motion Picture, Digital Media, and Film Production Income Tax Credit (attach Form N-340) . . . . . . . . . . . . . . . . . . . . . . . . 22 Credit for School Repair and Maintenance (attach Form N-330) . . . . . . . . . . . 23 Renewable Energy Technologies Income Tax Credit (attach Form N-342). . . . . . 24 Important Agricultural Land Qualified Agricultural Cost Tax Credit (attach Form N-344) . . . . . . . . . . . . . . . . . . . . . . . . . 25 Tax Credit for Research Activities (attach Form N-346) . . . . . . . . . . . . . . . . 26 Historic Preservation Income Tax Credit (attach Form N-325). . . . . . . . . . . . . 27 Renewable Fuels Production Tax Credit for Years After 12/31/21 (attach Form N-360) 28 Pass-Through Entity Tax Credit (attach Schedule PTE and/or PTE-U) . . . . . . . . . 29 Credit for income tax withheld on Form N-288A (net of refunds) . . . . . . . . . . . 30 a Interest expense on investment debts. . . . . . . . . . . . . . . . . . . . . . . . . b (1) Investment income included on lines 5, 6, and 7, Schedule K . . . . . . . . . . (2) Investment expenses included on line 14, Schedule K. . . . . . . . . . . . . . 31 Attach schedule for other items and amounts not reported above (e.g., credit recapture amounts) See Instructions. Check box if schedules attached . . . 32 a Income (loss). Combine lines 1 through 11 in column c. From the result, minus the sum of lines 12 through 15 and 30a in column c . . . . . . . . . . . . . . b Analysis by type of partner: Deductions Credits Investment Interest Other Items Analysis c. Attributable Everywhere PARTNERS’ Pro Rata Share Items Income (Losses) Schedule K (a) Corporate (b) Individual i. Active ii. Passive (c) Partnership 1 2 3a 3b 3c 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 23 24 25 26 27 28 29 30a 30b(1) 30b(2) 31 32a (d) Exempt organization (e) Nominee/Other 1. General Partners 2. Limited Partners FORM N-20 (REV. 2023) PRT3H7V9 ID NO 01
Form N-20, Rev. 2023, Partnership Return of Income
More about the Hawaii Form N-20 Corporate Income Tax TY 2023
We last updated the Partnership Tax Return in January 2024, so this is the latest version of Form N-20, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form N-20 directly from TaxFormFinder. You can print other Hawaii tax forms here.
Related Hawaii Corporate Income Tax Forms:
TaxFormFinder has an additional 164 Hawaii income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Hawaii Form N-20.
| Form Code | Form Name |
|---|---|
| Form N-200V | Individual Income Tax Payment Voucher |
| N-20 Sch. O&P | Schedules O and P (From N-20) Allocation and Apportionment of Income |
| Form N-201V | Business Income Tax Payment Voucher |
| Form N-20 Sch. K1 | Partner's Share of Income, Credits, Deductions, etc (Rev. 2016) |
| Form N-20 Sch. D | Capital Gains & Losses (Form N-20) (Rev. 2016) |
View all 165 Hawaii Income Tax Forms
Form Sources:
Hawaii usually releases forms for the current tax year between January and April. We last updated Hawaii Form N-20 from the Department of Taxation in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Hawaii Form N-20
We have a total of twelve past-year versions of Form N-20 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form N-20
Form N-20, Rev. 2023, Partnership Return of Income
2022 Form N-20
Form N-20, Rev. 2022, Partnership Return of Income
2021 Form N-20
Form N-20, Rev. 2021, Partnership Return of Income
2020 Form N-20
Form N-20, Rev. 2020, Partnership Return of Income
2019 Form N-20
Form N-20, Rev. 2019, Partnership Return of Income
2018 Form N-20
Instructions for Form N-20, Revision 2018, Partnership Return of Income
2017 Form N-20
Form N-20, Rev. 2016, Partnership Return of Income
2016 Form N-20
Form N-20, Rev. 2016, Partnership Return of Income
2015 Form N-20
Form N-20, Rev. 2015, Partnership Return of Income
2014 Form N-20
Form N-20, Rev. 2014, Partnership Return of Income
2012 Form N-20
Form N-20, Rev. 2011, Partnership Return of Income
2011 Form N-20
Form N-20, Rev. 2011, Partnership Return of Income
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