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Hawaii Free Printable Schedule D Form N-20 Rev 2019 Capital Gains and Losses for 2020 Hawaii Capital Gains & Losses (Form N-20) (Rev. 2016)

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Capital Gains & Losses (Form N-20) (Rev. 2016)
Schedule D Form N-20 Rev 2019 Capital Gains and Losses

Clear Form SCHEDULE D FORM N-20 (REV. 2019) Name of Partnership Part I STATE OF HAWAII—DEPARTMENT OF TAXATION Capital Gains and Losses 2019 To be filed with Form N-20 Federal Employer I.D. No. Short-Term Capital Gains and Losses — Assets Held 1 Year or Less (a) Description of property (e.g., 100 shares (b) Date acquired (c) Date sold (d) Sales price (e) Cost or other basis (f) Gain or (loss) of “Z” Co.) (month, day, year) (month, day, year) (See Instructions.) (See Instructions.) (column (d) minus column (e)) 1 2 Short-term capital gain from installment sales from federal Form 6252.............................................................................. 2 3 Short-term capital gain (loss) from like-kind exchanges from federal Form 8824............................................................... 3 4 Partnership’s share of net short-term capital gain (loss), including specially allocated short-term capital gains (losses), from other partnerships, estates, and trusts......................................................................................................................... 4 5 Short-term gain from stock acquired through stock options from qualified high technology businesses............................ 5 6 Net short-term capital gain or (loss). Add lines 1 through 5 in column (f). Enter here and on Schedule K (Form N-20), line 8 or 11............................................................................................................................................................................ 6 Part II ( )  Long-Term Capital Gains and Losses — Assets Held More Than 1 Year 7 8 Long-term capital gain from installment sales from federal Form 6252............................................................................... 9 Long-term capital gain (loss) from like-kind exchanges from federal Form 8824................................................................ 10 Partnership’s share of net long-term capital gain (loss), including specially allocated long-term capital gains (losses), from other partnerships, estates, and trusts......................................................................................................................... 11 Capital gain distributions...................................................................................................................................................... 12 Long-term gain from stock acquired through stock options from qualified high technology businesses............................ 13 Net long-term capital gain or (loss). Add lines 7 through 12 in column (f). Enter here and on Schedule K (Form N-20), line 9 or 11............................................................................................................................................................................ General Instructions (Section references are to the Internal Revenue Code unless Hawaii Revised Statutes (HRS) is indicated.) Purpose of Schedule Use Schedule D (Form N-20) to report the sale or exchange of capital assets, except capital gains (losses) that are specially allocated to any partners. Enter capital gains (losses) specially allocated to the partnership as a partner in other partnerships and from estates and trusts on Schedule D (Form N-20), line 4 or 10, whichever applies. Enter capital gains (losses) of the partnership that are specially allocated to partners directly on line 8, 9, or 11 of Schedule K and K-1 (Form N-20), whichever applies. Do not include these amounts on Schedule D. See How Income Is Shared Among Partners in the Instructions for Form N-20 for more information. ty is involuntarily converted because of a casualty or theft, use federal Form 4684, Casualties and Thefts. Gain and losses from section 1256 contracts and straddles are reported on federal Form 6781, Gains and Losses From Section 1256 Contracts and Straddles. If there are limited partners, see section 1256(e)(4) for the limitation on losses from hedging transactions. An exchange of business or investment property for property of a like kind is reported on federal Form 8824, Like-Kind Exchanges. For more information, see federal Publication 544, Sales and Other Dispositions of Assets. Items for Special Treatment • All income earned and proceeds derived from General Information To report sales or exchanges of property other than capital assets, including the sale or exchange of property used in a trade or business and involuntary conversions (other than casualties and thefts) see Schedule D-1, Sales of Business Property, and related instructions. If proper- N20SCHD_I 2019A 01 VID01 • stock options or stock, including stock issued through the exercise of stock options or warrants, from a qualified high technology business or from a holding company of a qualified high technology business by an employee, officer, or director of the qualified high technology business, or investor who qualifies for the high technology business investment tax credit is excluded from income taxes. Gain from the sale of property (other than publicly traded stock or securities) for which any payment is to be received in a tax year ID NO 01 8 9 10 11 12 ( ) 13 after the year of sale, must be reported using the installment method on federal Form 6252, Installment Sale Income, unless the partnership elects to report the entire gain in the year of sale. The partnership should also use federal Form 6252 if it received a payment this year from a sale made in an earlier year on the installment method. If the partnership wants to elect out of the installment method for installment gain that is not specially allocated among the partners, it must report the full amount of the gain on a timely filed return (including extensions). If the partnership wants to elect out of the installment method for installment gain that is specially allocated among the partners, it must do the following on a timely filed return (including extensions): 1. For a short-term capital gain, report the full amount of the gain on Schedule K (Form N-20), line 8 or 11. For a long-term capital gain, report the full amount of the gain on Schedule K (Form N-20), line 9 or 11. 2. Enter each partner’s share of the full amount of the gain on Schedule K-1 (Form N-20), line 8, 9, or 11, whichever applies. (Continued on next page) Schedule D Form N-20 SCHEDULE D Form N-20 (REV. 2019) • For other items for special treatment, see the federal Instructions for Schedule D (Form 1065). Constructive sales treatment for certain appreciated positions. Generally, the partnership must recognize gain (but not loss) on the date it enters into a constructive sale of any appreciated position in stock, a partnership interest, or certain debt instruments as if the position were disposed of at fair market value on that date. For more details, see the federal Instructions for Schedule D (Form 1065) and federal Publication 550, Investment Income and Expenses. Rollover of gain from qualified stock. If the partnership sold qualified small business stock it held for more than six months, it may postpone gain if it purchased other qualified small business stock during the 60-day period that began on the date of the sale. The partnership must recognize gain to the extent the sale proceeds exceed the cost of the replacement stock. Reduce the basis of the replacement stock by any postponed gain. If the partnership chooses to postpone gain, report the entire gain realized on the sale on line 1 or 7. Directly below the line on which the partnership reported the gain, enter in column (a) “Section 1045 Rollover” and enter as a (loss) in column (f) the amount of the postponed gain. Caution: The partnership also must separately state the amount of the gain rolled over on qualified stock under section 1045 on Form N-20, Schedule K, line 11, because each partner must determine if they qualify for the rollover at the partner level. Also, the partnership must separately state on that line (and not on Schedule D) any gain that would qualify for the section 1045 rollover at the partner level instead of the partnership level (because a partner was entitled to purchase replacement stock) and any gain on qualified stock that could qualify for the 50% exclusion under section 1202. Specific Instructions Lines 1 and 7 — Short-Term and Long-Term Capital Gains and Losses If more space is needed, attach a statement. Columns (b) and (c) — Date Acquired and Date Sold Use the trade dates for date acquired and date sold for stocks and bonds traded on an exchange or over-the-counter market. Column (d) — Sales Price Enter in this column either the gross sales price or the net sales price from the sale. On sales of stocks and bonds, report the gross amount as reported to the partnership by the partnership’s broker on federal Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, or similar statement. However, if the broker advised the partnership that gross proceeds (gross sales price) less commissions and option premiums were reported to the Department of Taxation, enter that net amount in column (d). Column (e) — Cost or Other Basis In general, the cost or other basis is the cost of the property plus purchase commissions and improvements and minus depreciation, amortization, and depletion. If the partnership received the property in a tax-free exchange, involuntary conversion, or wash sale of stock, it may not be able to use the actual cash cost as the basis. If the partnership does not use cash cost, attach an explanation of the basis. When selling stock, adjust the basis by subtracting all the stock-related nontaxable distributions received before the sale. This includes nontaxable distributions from utility company stock and mutual funds. Also adjust the basis for any stock splits or stock dividends. If a charitable contribution deduction is passed through to a partner because of a sale of property to a charitable organization, the adjusted basis for determining gain from the sale is an amount that has the same ratio to the adjusted basis as the amount realized has to the fair market value. See section 852(f) for the treatment of certain load charges incurred in acquiring stock in a mutual fund with a reinvestment right. If the gross sale price is reported in column (d), increase the cost or other basis by any expense of sale, such as broker’s fees, commissions, or option premiums, before making an entry in column (e). For more information, see federal Publication 551, Basis of Assets. Page 2 Column (f) — Gain or (Loss) Make a separate entry in this column for each transaction reported on lines 1 and 7 and any other line(s) that applies to the partnership. For lines 1 and 7, subtract the amount in column (e) from the amount in column (d). Enter negative amounts in parentheses. Lines 4 and 10 — Capital Gains and Losses From Other Partnerships, Estates, and Trusts See the Schedule K-1 or other information supplied to you by the other partnership, estate, or trust. Lines 5 and 12 — Short-Term and Long-Term Capital Gains From Stock Acquired Through Stock Options From Qualified High Technology Businesses All income earned and proceeds derived from stock options or stock, including stock issued through the exercise of stock options or warrants, from a qualified high technology business or from a holding company of a qualified high technology business by an employee, officer, or director of the qualified high technology business, or investor who qualifies for the high technology business investment tax credit is excluded from income taxes. Use lines 5 and 12 to reduce the partnership’s capital gain for these amounts reported on other lines of Schedule D. Line 11 — Capital Gain Distributions On line 11, column (f), report as capital gain distributions (a) capital gain dividends and (b) the partnership’s share of undistributed capital gains from a regulated investment company or real estate investment trust (REIT). Report the partnership’s share of Hawaii income taxes paid on undistributed capital gains by a regulated investment company or REIT on a statement attached to Form N-20 for Schedule K, line 32, and on Schedule K-1, line 37.
Extracted from PDF file 2019-hawaii-form-n-20-sch-d.pdf, last modified October 2003

More about the Hawaii Form N-20 Sch. D Corporate Income Tax TY 2019

We last updated the Capital Gains & Losses (Form N-20) (Rev. 2016) in March 2020, so this is the latest version of Form N-20 Sch. D, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form N-20 Sch. D 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 Sch. D.

Form Code Form Name
Form N-200V Individual Income Tax Payment Voucher
Form N-20 Sch. K1 Partner's Share of Income, Credits, Deductions, etc (Rev. 2016)
Form N-201V Business Income Tax Payment Voucher
Form N-20 Partnership Tax Return
N-20 Sch. O&P Schedules O and P (Form N-20) Allocation and Apportionment of Income

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 Sch. D from the Department of Taxation in March 2020.

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 Sch. D

We have a total of eight past-year versions of Form N-20 Sch. D in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form N-20 Sch. D

Schedule D Form N-20 Rev 2019 Capital Gains and Losses

2018 Form N-20 Sch. D

Schedule D Form N-20 Rev 2018 Capital Gains and Losses

2017 Form N-20 Sch. D

Schedule D Form N-20 Rev 2017 Capital Gains and Losses

2016 Form N-20 Sch. D

Schedule D Form N-20 Rev 2016 Capital Gains and Losses

Forms 2015 2015 Form N-20 Sch. D

Schedule D Form N-20 Rev 2015 Capital Gains and Losses

Forms 2014 2014 Form N-20 Sch. D

Schedule D Form N-20 Rev 2014 Capital Gains and Losses

Forms 2012 2012 Form N-20 Sch. D

Schedule D Form N-20 Rev 2012 Capital Gains and Losses

Forms 2011 2011 Form N-20 Sch. D

Schedule D Form N-20 Rev 2011 Capital Gains and Losses


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