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Hawaii Free Printable Schedule K-1, Form N-20, Rev. 2018, Partner's Share of Income, Credits, Deduction, Etc. for 2019 Hawaii Partner's Share of Income, Credits, Deductions, etc (Rev. 2016)

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Partner's Share of Income, Credits, Deductions, etc (Rev. 2016)
Schedule K-1, Form N-20, Rev. 2018, Partner's Share of Income, Credits, Deduction, Etc.

Clear Form PREPARE IN TRIPLICATE STATE OF HAWAII — DEPARTMENT OF TAXATION SCHEDULE K-1 PARTNER’S SHARE OF INCOME, CREDITS, DEDUCTIONS, ETC.— 2018 FORM N-20 (REV. 2018) For calendar year 2018 or other tax year , 2018 and ending beginning 1 2 3 , 20 Partner’s Social Security No. or Federal Employer I.D. No.  Partnership’s Federal Employer Identification No.  Partner’s name, address, and Postal/ZIP Code Partnership’s name, address, and Postal/ZIP Code A This partner is a  general partner  limited partner   LLC member-manager   other LLC member B What type of entity is this partner?   C G (i) Before change or termination (ii) End of year Enter partner’s percentage of: Profit sharing............................................__________% __% Loss sharing.............................................__________% __% Ownership of capital................................__________% __% Reconciliation of partner’s capital account: (a) Capital account at beginning of year (b) Capital contributed during year File with N-20 For partnership For partner D Partner’s share of liabilities: Nonrecourse............................................................ $ Qualified nonrecourse financing.............................. $ Other........................................................................ $ E Check here if this partnership is a publicly traded partnership as defined in IRC section 469(k)(2).........  F Check applicable boxes: (c) Income included in column (c) below, plus nontaxable income (d) Deductions included in col. (c) below, plus unallowable deductions (1)  Final K-1 (2)  Amended K-1 (f) Capital account at end of year (combine columns (a) through (e)) (e) Withdrawals and distributions ( ) ( ) Caution:  Refer to Partner’s Instructions for Schedule K-1 (Form N-20) before entering information from this schedule on your tax return. Credits Deductions Income (Loss) (a) Distributive share items (b) Attributable to Hawaii 1 Ordinary income (loss) from trade or business activities............................... 2 Net income (loss) from rental real estate activities........................................ 3 Net income (loss) from other rental activities................................................ 4 Guaranteed payments to partner................................................................... 5 Interest........................................................................................................... 6 Ordinary Dividends........................................................................................ 7 Royalties........................................................................................................ 8 Net short-term capital gain (loss).................................................................. 9 Net long-term capital gain (loss).................................................................... 10 Net IRC section 1231 gain (loss) (attach Schedule D-1)................................. 11 Other income (loss) (attach schedule)........................................................... 12 Charitable contributions (attach schedule).................................................... 13 Expense deduction for recovery property (IRC section 179) (attach schedule). 14 Deductions related to portfolio income (attach schedule).............................. 15 Other deductions (attach schedule)............................................................... 16 Total cost of qualifying property for the Capital Goods Excise Tax Credit..... 17 Fuel Tax Credit for Commercial Fishers......................................................... 18 Amounts needed to claim the Enterprise Zone Tax Credit ........................... See attached Form N-756A 19 Hawaii Low-Income Housing Tax Credit........................................................ 20 Credit for Employment of Vocational Rehabilitation Referrals....................... 21 Total qualified production costs for the Motion Picture, Digital Media, and Film Production Income Tax Credit................................................................ N20SCHK1_I 2018A 01 VID01 ID NO 01 (c) Attributable Everywhere (d) Form N-11 & N-15 filers enter the amount in column (b) and /or column (c) on: } See Partner’s Instructions for Schedule K-1 (Form N-20) Interest Worksheet } See Partner’s Instructions for Schedule K-1 (Form N-20). Capital Gain/Loss Worksheet Capital Gain/Loss Worksheet See Partner’s Instr. for Sch. K-1 (Form N-20). Enter on applicable line of your return. } See Partner’s Instructions for Schedule K-1 (Form N-20). Enter on applicable line of your return. Form N-312 Form N-163 Form N-756 Form N-586 Form N-884 Form N-340 SCHEDULE K-1 FORM N-20 Schedule K-1 (Form N-20) (REV. 2018) Other Recapture of Tax Credits Investment Interest Credits (cont.) (a) Distributive share items Page 2 (b) Attributable to Hawaii 22 Credit for School Repair and Maintenance.................................................... 23 Renewable Energy Technologies Income Tax Credit..................................... See attached Form N-342A 24 Important Agricultural Land Qualified Agricultural Cost Tax Credit................ 25 Tax Credit for Research Activities.................................................................. 26 Capital Infrastructure Tax Credit.................................................................... 27 Cesspool Upgrade, Conversion or Connection Income Tax Credit................ 28 Renewable Fuels Production Tax Credit........................................................ 29 Organic Foods Production Tax Credit............................................................ 30 Credit for income tax withheld on Form N-288 (net of refunds)..................... 31 a Interest expense on investment debts...................................................... b (1) Investment income included on Schedule K-1, lines 5 through 7...... (2) Investment expenses included in Schedule K-1, line 14.................... 32 Recapture of Hawaii Low-Income Housing Tax Credit a From IRC section 42(j)(5) partnerships.................................................... b Other than on line 32a.............................................................................. 33 Capital Goods Excise Tax Credit Properties..................................................  See attached Form N-312, Part II 34 Recapture of Tax Credit for Flood Victims......................................................  35 Recapture of Important Agricultural Land Qualified Agricultural Cost Tax Credit.............................................................................................. 36 Recapture of Capital Infrastructure Tax Credit............................................... 37 List below other items and amounts not included on lines 1 through 36 that are required to be reported separately to each partner Other Information Provided by Partnership: (c) Attributable Everywhere (d) Form N-11 & N-15 filers enter the amount in column (b) and /or column (c) on: Form N-330 Form N-342 Form N-344 Form N-346 Form N-348 Form N-350 Form N-352 Form N-354 Sch. CR, line 26a Form N-158, line 1 See Partner’s Instructions for Schedule K-1 (Form N-20) } } Form N-586, Part III Form N-312, Part II Form N-338 Form N-344 Form N-348 See Partner’s Instructions for Schedule K-1 (Form N-20).
Extracted from PDF file 2018-hawaii-form-n-20-sch-k1.pdf, last modified October 2003

More about the Hawaii Form N-20 Sch. K1 Corporate Income Tax Tax Credit TY 2018

We last updated the Partner's Share of Income, Credits, Deductions, etc (Rev. 2016) in January 2019, so this is the latest version of Form N-20 Sch. K1, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form N-20 Sch. K1 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. K1.

Form Code Form Name
Form N-200V Individual Income Tax Payment Voucher
Form N-20 Partnership Tax Return
Form N-201V Business Income Tax Payment Voucher
Form N-20 Sch. D Capital Gains & Losses (Form N-20) (Rev. 2016)
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. K1 from the Department of Taxation in January 2019.

Show Sources >

Form N-20 Sch. K1 is a Hawaii Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

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. K1

We have a total of seven past-year versions of Form N-20 Sch. K1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form N-20 Sch. K1

Schedule K-1, Form N-20, Rev. 2018, Partner's Share of Income, Credits, Deduction, Etc.

2017 Form N-20 Sch. K1

Schedule K-1, Form N-20, Rev. 2017, Partner's Share of Income, Credits, Deduction, Etc.

2016 Form N-20 Sch. K1

Schedule K-1, Form N-20, Rev. 2016, Partner's Share of Income, Credits, Deduction, Etc.

Forms 2015 2015 Form N-20 Sch. K1

Schedule K-1, Form N-20, Rev. 2015, Partner's Share of Income, Credits, Deduction, Etc.

Forms 2014 2014 Form N-20 Sch. K1

Schedule K-1, Form N-20, Rev. 2014, Partner's Share of Income, Credits, Deduction, Etc.

Forms 2012 2012 Form N-20 Sch. K1

Schedule K-1, Form N-20, Rev. 2012, Partner's Share of Income, Credits, Deduction, Etc.

Forms 2011 2011 Form N-20 Sch. K1

Schedule K-1, Form N-20, Rev. 2011, Partner's Share of Income, Credits, Deduction, Etc.


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