Hawaii Partnership Tax Return

Partnership Tax Return 
Form N-20, Rev. 2023, Partnership Return of IncomeClear 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

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 .
 .
 .
 .
 .

18c
19
20
21
22
23

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 .
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 .
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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

Extracted from PDF file 2023-hawaii-form-n-20.pdf, last modified October 2003

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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.

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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 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 Voucher
Form N-20 Sch. K1	Partner's Share of Income, Credits, Deductions, etc (Rev. 2016) Tax Credit
Form N-20 Sch. D	Capital Gains & Losses (Form N-20) (Rev. 2016)

Download all HI tax forms 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.

Show Sources >

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

TaxFormFinder Disclaimer:

While we do our best to keep our list of Hawaii Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.