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Hawaii Free Printable Form N-288C, Rev 2018, Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons of Hawaii Real Property Interests for 2019 Hawaii Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons on Property Interest

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

Clear Form FORM N-288C (REV. 2018) STATE OF HAWAII—DEPARTMENT OF TAXATION   APPLICATION FOR TENTATIVE REFUND OF WITHHOLDING THIS SPACE FOR DATE RECEIVED STAMP ON DISPOSITIONS BY NONRESIDENT PERSONS OF HAWAII     REAL PROPERTY INTERESTS     For calendar year 2019   or other tax year beginning  , 2019   and ending     , 20 (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. Name  Spouse’s Name  Address Change Last Name Suffix  Your Social Security Number Spouse’s Last Name Suffix  Spouse’s Social Security Number  Name (Corporation, Partnership, Trust, or Estate)  Trade Name/Doing Business As (DBA) Name or C/O  Mailing Address (number and street)  City or Province State Postal/ZIP Code  Federal Employer I.D. No. Daytime Phone No. ( ) Country  Check only ONE box: Description of Hawaii real property transaction:  Individual  Corporation  Trust  Partnership  Estate a. Date of transfer (mm/dd/yyyy) b. Location and general description of property c. Tax map key number 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)................................................................ 2. Sales price........................................................................................................................ 2 3. Cost or other basis (see Instructions)............................................................................... 3 4. Gain. Line 2 minus line 3 (see Instructions for installment sales)..................................... 4 1• 5. Enter the tentative tax on the gain (see Instructions)........................................................................................................ 5• 6. REFUND of amount withheld. Line 1 minus line 5. (This line MUST be filled in.) ......................................................... 6• 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 MAILING ADDRESS HAWAII DEPARTMENT OF TAXATION P. O. BOX 1530 HONOLULU, HAWAII 96806-1530 N288C_I 2018A 01 VID01 ID NO 01 FORM N-288C FORM N-288C INSTRUCTIONS (REV. 2018) Where to Send Form N-288C General 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 N288C. 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. Who May File an Application The transferor/seller may file Form N-288C. File Form N-288C with the Hawaii Department of Taxation (Department). See the front of the form for the mailing address. Specific Instructions NOTE: Before you begin to fill in Form N288C, 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 of the transferor/seller if it is other than a calendar year. If your mailing address has changed, and you do not notify the Department of the change by checking the “Address Change” box, your address may not be updated, any refund due to you may not be delivered (the U.S. Postal Service is not permitted to forward your State refund check), and important notices or correspondence to you may be delayed. To notify the Department of your new address, you can also complete Form ITPS-COA, Change of Address Form. Enter the name, address, and identification number (social security number or federal employer 2019 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 PAGE 2 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. If the individual has applied for an ITIN but the IRS has not yet issued the ITIN, write “Applied For.” 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. Line 2. Enter the gross sales price. Attach a copy of your closing escrow statement. Line 3. In general, the cost or adjusted basis is the cost of the property plus purchase commissions and improvements, minus depreciation (if applicable). Increase the cost or other basis by any expense of sale, such as commissions and state transfer taxes. Do not include any carryforward losses, net operating losses or suspended passive activity losses. Complete the Computation of cost or other basis worksheet below and enter the amount from line 4 of the worksheet to the front of Form N-288C, line 3. Line 4. Line 2 minus line 3. 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 4. Line 5. If you are a C corporation, multiply line 4 by 4% and enter the result on line 5. 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 5. Schedule II Note: These tax rates apply to long-term capital gains. For short-term capital gains, use the tax rates in the 2018 income tax booklets to determine the amount to enter on line 5. 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 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 5. 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. 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 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. Computation of cost or other basis worksheet 1. Purchase price of property $_______________________ 2. Add: Improvements $ ______________________ Selling expenses ______________________ Other (list) __________________________________ ______________________ _______________________ 3. Less: Depreciation ______________________ Other (list) __________________________________ ______________________ _______________________ 4. Adjusted basis of property. (Line 1 plus line 2, minus line 3) $_______________________
Extracted from PDF file 2018-hawaii-form-n-288c.pdf, last modified July 2003

More about the Hawaii Form N-288C Individual Income Tax Nonresident TY 2018

We last updated the Application for Tentative Refund of Withholding on Dispositions by Nonresident Persons on Property Interest in February 2019, so this is the latest version of Form N-288C, fully updated for tax year 2018. 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.

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-15 Individual Income Tax Return (Nonresidents and Part Year Residents)
Income Tax Instructions Hawaii Income Tax Instruction Booklet
Form N-101A Application for Automatic Extension of Time to File Tax Return
Form N-200V Individual Income Tax Payment Voucher

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 2019.

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 five 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:


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


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