×
tax forms found in
Tax Form Code
Tax Form Name

Hawaii Free Printable Form N-288C, Rev 2019, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests for 2020 Hawaii Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons on Property Interest

Tax season is open, and returns are due on April 16th! Save by eFiling early with TurboTax start now

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2019-hawaii-form-n-288c.pdf, and you can print it directly from your computer.

Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons on Property Interest
Form N-288C, Rev 2019, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests

Clear Form FORM N-288C (REV. 2019) STATE OF HAWAII—DEPARTMENT OF TAXATION THIS SPACE FOR DATE RECEIVED STAMP APPLICATION FOR TENTATIVE REFUND OF WITHHOLDING ON DISPOSITIONS BY NONRESIDENT PERSONS OF HAWAII REAL PROPERTY INTERESTS For Tax Year Ending (NOTE: References to “married” and “spouse” are also references to “in a civil union” and “civil union partner,” respectively.) NOTE: DO NOT file this form unless you have received notification from the Department of Taxation that we have received your withholding payment.  Individual Check only ONE box:  Name  Spouse’s Name  Corporation  Trust  Partnership  Estate Last Name Suffix  Your Social Security Number Spouse’s Last Name Suffix  Spouse’s Social Security Number  Name (Corporation, Partnership, Trust, or Estate)  Federal Employer I.D. No.  Trade Name/Doing Business As (DBA) Name or C/O Daytime Phone No. (   )  Mailing Address (number and street)  City or Province State Postal/ZIP Code b. Description of Hawaii real property transaction: a. Date of transfer (mm-dd-yyyy) c. Tax map key number d. County where property is located Country Location and general description of property ___________________________________________________ ___________________________________________________ ___________________________________________________ Was the property used at anytime as a rental?  Yes    No    If yes, enter your Hawaii Tax I.D. Number: GE __ __ __ -__ __ __ -__ __ __ __ - __ __ and indicate the start date and end date of the rental activity: (month, day, year) ____________________ to (month, day, year) ____________________ 1. Enter the amount withheld on Form N-288A. (Attach a copy of Form N-288A)................................................................ 1• 2. Sales price (Attach final sales statement)......................................................................................................................... 2 3. Purchase price of property (Attach final purchase statement).......................................... 3 Improvements (Attach schedule)..................................... 4 Selling expenses.............................................................. 5 Other (Attach list and schedule)....................................... 6 Total Additions — Add lines 4 thru 6. ............................................................................. 7 8. Depreciation (Attach schedule)........................................ 8 9. Other (Attach list and schedule)....................................... 9 10. Total Subtractions — Add lines 8 and 9. ........................................................................ 10 4. 5. 6. 7. 11. Adjusted basis of property. (Line 3 plus line 7, minus line 10).......................................................................................... 11 12. Gain. Line 2 minus line 11 (See Instructions for installment sales)................................................................................... 12 13. Enter the tentative tax on the gain (See Instructions)....................................................................................................... 13 • 14. REFUND of amount withheld. Line 1 minus line 13. (This line MUST be filled in.) ....................................................... 14 • Please Sign Here I hereby declare under penalties provided by section 231-36, HRS, that I have examined this application and accompanying attachments, and, to the best of my knowledge and belief, they are true, correct, and complete. ___________________________________ __________________________ ___________________ ___________________________________ __________________________ ___________________ Signature Title (If applicable) Date Signature Title (If applicable) Date N288C_I 2019A 01 VID01 ID NO 01 FORM N-288C (REV. 2019) FORM N-288C INSTRUCTIONS (REV. 2019) General Instructions address. Specific Instructions Purpose of Form Use Form N-288C to apply for a refund of the amount withheld on dispositions by nonresident persons of Hawaii real property interests which is in excess of the transferor/ seller’s tax liability for the transaction. It is not mandatory to file Form N-288C. Form N-288C should be filed if the Hawaii income tax return (Form N-15, N-20, N-30, N-35, or N-40) for the year is not yet available. If available, the transferor/seller should file the appropriate tax return instead of filing Form N-288C. However, if the transferor/ seller’s tax year has not ended, the transferor/seller may file Form N-288C. Also, Form N-288C will be rejected if it is filed after the due date of the tax return. IMPORTANT: If Form N-288C was filed, the transferor/seller must still file a Hawaii income tax return (Form N-15, N-20, N-30, N-35, or N-40) after the end of the taxable year, report the entire income for the year (from other sources as well as the transaction), and pay any additional tax due on the income or request a refund. You must file the same filing status on Forms N-288C and N-15. Who May File an Application The transferor/seller may file Form N-288C. Where to Send Form N-288C File Form N-288C with the Hawaii Department of Taxation (Department). See the front of the form for the mailing NOTE: Before you begin to fill in Form N-288C, you should review the notification you received from the Department that we received your withholding payment to make sure that the information is correct. If any information is not correct, please return a corrected copy of the notification to the Department. At the top of Form N-288C, enter the taxable year ending of the transferor/seller. PAGE 2 income tax withheld, schedule of improvements with contracts, invoices, receipts, IRS Form 8824 for likekind exchange, depreciation schedule and any other supporting documents. You must also report all other Hawaii sourced income and Hawaii tax withholdings, as well as any deductions or credits that you may have. Enter the information describing the Hawaii real property transaction. In b, enter the address and description of the property. In c, enter the tax map key number. In d, enter the name of the county where the property is located. If your mailing address has changed, you must notify the Department of the change by completing Form ITPSCOA, Change of Address Form. Failure to do so may delay any important notices or correspondence to you. Line 2. Enter the gross sales price. Attach a copy of your final sales statement. Enter the name, address, and identification number (social security number or federal employer I.D. number), if any, of the transferor/seller. The name and identification number entered MUST be the same as the name and identification number entered for the transferor/seller on Form N-288A, or as corrected on the copy of the notification you returned to the Department. If the transferor/seller was issued an individual taxpayer identification number (ITIN) by the IRS, enter the ITIN. Line 4. Cost on improvements of the property, if any. Attach schedule. CAUTION: You must provide a valid tax identification number in order for a tentative refund application to be processed. If you do not have one, you must file a State income tax return (e.g., Form N-15) in order to obtain a refund, which can be filed only after your taxable year has ended. Attach to Form N-288C a copy of the escrow closing documents or other documents substantiating the amount of State 2020 Tax Rate Schedules Schedule I SINGLE INDIVIDUALS AND MARRIED INDIVIDUALS FILING SEPARATE RETURNS If the taxable income is: The tax shall be: Not over $2,400.................................................................. 1.40% of taxable income Over $2,400 but not over $4,800........................................ $34.00 plus 3.20% over $2,400 Over $4,800 but not over $9,600........................................ $110.00 plus 5.50% over $4,800 Over $9,600 but not over $14,400...................................... $374.00 plus 6.40% over $9,600 Over $14,400 but not over $19,200.................................... $682.00 plus 6.80% over $14,400 Over $19,200 but not over $24,000.................................... $1,008.00 plus 7.20% over $19,200 Over $24,000...................................................................... $1,354.00 plus 7.25% over $24,000 Schedule II MARRIED INDIVIDUALS FILING JOINT RETURNS AND CERTAIN WIDOWS AND WIDOWERS If the taxable income is: The tax shall be: Not over $4,800.................................................................. 1.40% of taxable income Over $4,800 but not over $9,600........................................ $67.00 plus 3.20% over $4,800 Over $9,600 but not over $19,200...................................... $221.00 plus 5.50% over $9,600 Over $19,200 but not over $28,800.................................... $749.00 plus 6.40% over $19,200 Over $28,800 but not over $38,400.................................... $1,363.00 plus 6.80% over $28,800 Over $38,400 but not over $48,000.................................... $2,016.00 plus 7.20% over $38,400 Over $48,000...................................................................... $2,707.00 plus 7.25% over $48,000 Schedule III HEAD OF HOUSEHOLD If the taxable income is: The tax shall be: Not over $3,600.................................................................. 1.40% of taxable income Over $3,600 but not over $7,200........................................ $50.00 plus 3.20% over $3,600 Over $7,200 but not over $14,400...................................... $166.00 plus 5.50% over $7,200 Over $14,400 but not over $21,600.................................... $562.00 plus 6.40% over $14,400 Over $21,600 but not over $28,800.................................... $1,022.00 plus 6.80% over $21,600 Over $28,800 but not over $36,000.................................... $1,512.00 plus 7.20% over $28,800 Over $36,000...................................................................... $2,030.00 plus 7.25% over $36,000 MAILING ADDRESS HAWAII DEPARTMENT OF TAXATION P. O. BOX 1530 HONOLULU, HAWAII 96806-1530 Line 3. Enter the purchase price of the property. Attach a copy of your final purchase statement. Line 5. Selling expense (i.e. commissions, state transfer taxes, etc.). Line 6. Other costs. Attach list and schedule. Line 7. Add lines 4, 5 and 6. Line 8. Depreciation. Attach schedule. Line 9. Other subtractions. Attach list and schedule. Do not include any carryforward losses, net operating losses, suspended passive activity losses or IRC section 121 exclusion. These losses may be claimed on seller’s Hawaii income tax return for the year of sale. Line 10. Add lines 8 and 9. Line 12. Line 2 minus line 11. If you are reporting the gain under the installment method, attach a separate sheet showing the principal payments received during the taxable year and the gross profit percentage. Multiply the amount of the principal payments by the gross profit percentage and enter the result on line 12. Line 13. If you are a C corporation, multiply line 12 by 4% and enter the result on line 13. If you are a person other than a C corporation, you must use the tax rate schedules to the left to determine the amount to enter on line 13. NOTE: These tax rates apply to long-term capital gains. For short-term capital gains, use the tax rates in the 2019 income tax booklets to determine the amount to enter on line 13. For partnerships, S corporations, trusts, or estates, the gain on line 4 must be allocated among each partner or member, S corporation shareholder, or beneficiary of the trust or estate (member). Calculate the tax liability for each member. Enter the total tax liability of all members on line 13. Attach a schedule showing the name, identification number, and the amount of gain and tax liability allocated to each member. Also, show the computation of the tax liability for each member. See publication 523 for more information. Signature Form N-288C must be signed by an individual, a responsible corporate officer, a member or general partner of a partnership, or a trustee, executor, or other fiduciary of a trust or estate or by an authorized agent with a power of attorney. If you file your income tax return as married filing a joint return, your spouse must also sign this form. NOTE: Incomplete forms will be returned to the transferor/seller. Please fill out all items.
Extracted from PDF file 2019-hawaii-form-n-288c.pdf, last modified July 2003

More about the Hawaii Form N-288C Individual Income Tax Nonresident TY 2019

We last updated the Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons on Property Interest in February 2020, so this is the latest version of Form N-288C, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form N-288C directly from TaxFormFinder. You can print other Hawaii tax forms here.


eFile your Hawaii tax return now

eFiling is easier, faster, and safer than filling out paper tax forms. File your Hawaii and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!

File Now with TurboTax

Other Hawaii Individual Income Tax Forms:

TaxFormFinder has an additional 164 Hawaii income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form N-11 Individual Income Tax Return (Resident Form)
Form N-1 Declaration of Estimated Income Tax for Individuals
Form N-110 Statement of Person Claiming Refund Due to a Deceased Taxpayer
Form N-196 Annual Summary and Transmittal of Hawaii Annual Information Returns
Income Tax Instructions Hawaii Income Tax Instruction Booklet

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-288C from the Department of Taxation in February 2020.

Show Sources >

Form N-288C is a Hawaii Individual Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Hawaii Form N-288C

We have a total of six past-year versions of Form N-288C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form N-288C

Form N-288C, Rev 2019, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests

2018 Form N-288C

Form N-288C, Rev 2018, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests

2017 Form N-288C

Form N-288C, Rev 2017, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests

2016 Form N-288C

Form N-288C, Rev 2016, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests

Forms 2015 - Fillable 2015 Form N-288C

Form N-288C, Rev 2015, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests

Forms 2014 - Fillable 2014 Form N-288C

Form N-288C, Rev 2014, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests


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.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/hawaii/form-n-288c