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Hawaii Free Printable Schedule D-1 Rev 2021Sales of Business Property for 2024 Hawaii Sales of Business Property

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Sales of Business Property
Schedule D-1 Rev 2021Sales of Business Property

Clear Form Schedule D-1 (Rev. 2023) STATE OF HAWAII — DEPARTMENT OF TAXATION 2023 Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under IRC Sections 179 and 280F(b)(2)) SCHD1_I 2023A 01 VID01 † To be filed with Form N-15, N-20, N-30, N-35, N-40, etc. See separate instructions, including those for N-11 or N-15 CAUTION:  Do not confuse this schedule with the federal Schedule D-1. Name(s) as shown on tax return Social Security Number or Federal Employer I.D. No. 1a Enter the gross proceeds from sales or exchanges reported to you for 2023 on federal Form(s) 1099-B or 1099-S (or a substitute statement) that you will be including on line 2 (Column d), line 11 (Column d), or line 21............ 1a b Enter the total amount of gain included on lines 2, 11, and 25 due to the partial dispositions of MACRS assets................... 1b c Enter the total amount of loss included on lines 2 and 11 due to the partial dispositions of MACRS assets.......................... 1c Part I 2 3 4 5 6 7 Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty and Theft – Most Property Held More Than 1 Year (a) Description of property (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Gross sales price (e) Depreciation allowed (or allowable) since acquisition (f) Cost or other basis, plus improvements and expense of sale Gain, if any, from federal Form 4684, line 39............................................................................................ IRC section 1231 gain from installment sales from federal Form 6252, line 26 or 37............................... IRC section 1231 gain or (loss) from like-kind exchanges from federal Form 8824.................................. Gain, if any, from Part III, line 33, from other than casualty or theft.......................................................... Add lines 2 through 6 in columns (g) and (h)............................................................................................ 3 4 5 6 7 (g) LOSS (f) minus the sum of (d) and (e) (     ) 8 Combine columns (g) and (h) of line 7. Enter gain or (loss) here, and on the appropriate line as follows For Partnerships and S Corporations – Enter on N-20, Sch. K, line 10; Enter on N-35, Sch. K, line 9. Skip lines 9, 10, 12 & 13. For individuals, partners, S corporation shareholders, and all others – If line 8 is zero or a loss, enter the amount on line 12 below and skip lines 9 and 10. If line 8 is a gain and you did not have any prior year IRC section 1231 losses, or they were recaptured in an earlier year, enter the gain as a long-term capital gain on Schedule D for your return or on the Capital Gain/Loss Worksheet in the Form N-15 Instructions and skip lines 9, 10, 12, and 13, below. 9 Nonrecaptured net IRC section 1231 losses from prior years (see Instructions) 10 Line 8 minus line 9. If zero or less, enter zero, enter the amount from line 8 on line 13 below. If more than zero, enter the amount from line 9 on line 13 below and enter the gain from line 10 as a long-term capital gain on Schedule D for your return or on the Capital Gain/Loss Worksheet in the Form N-15 Instructions. (See specific Instructions for line 10.) Part II Ordinary Gains and Losses (h) GAIN (d) plus (e) minus (f) 8 9 10 11 Ordinary gains and losses not included on lines 12 through 17 (include property held 1 year or less) 12 Loss, if any, from line 8.............................................................................................................................. 13 14 15 16 17 18 19 12 Gain, if any, from line 8, or amount from line 9 if applicable .................................................................... 13 Gain, if any, from Part III, line 32............................................................................................................... 14 Net gain or (loss) from federal Form 4684, lines 31 and 38a.................................................................... 15 Ordinary gain from installment sales from federal Form 6252, line 25 or 36............................................. 16 Ordinary gain or (loss) from like-kind exchanges from federal Form 8824............................................... 17 Add lines 11 through 17 in columns (g) and (h)......................................................................................... 18 (     ) Combine columns (g) and (h) of line 18. For all except individual returns, enter this amount on the appropriate line of the return being filed. For individual returns, complete lines a and b below ............................................................................ 19 (a) If the loss on line 12 includes a loss from federal Form 4684, line 35, column (b) (ii), enter that part of the loss here. Enter the part of the loss from income-producing property on Worksheet A-6, line 30, in the Form N-11 Instructions or on Worksheet NR-6, line 31 or 32, or on Worksheet PY-6, line 57 or 58 in the Form N-15 Instructions; and the part of the loss from property used as an employee on Worksheet A-6, line 25, on Worksheet NR-6, line 25 or 26, or on Worksheet PY-6, line 48 or 49. Identify as from “Schedule D-1, line 19(a).”.......... 19(a) (b) Redetermine the gain or (loss) on line 19, excluding the loss (if any) on line 19(b). Enter here and on Form N-15, line 14................................................................................................................................................................ 19(b) ID NO 01 Schedule D-1 (Rev. 2023) Schedule D-1 (Rev. 2023) Part III PAGE 2 Gain from Disposition of Property Under IRC Sections 1245, 1250, 1252, 1254, and 1255 (b) Date acquired (mo., day, yr.) 20 (a) Description of IRC sections 1245, 1250, 1252, 1254, or 1255 property: (c) Date sold (mo., day, yr.) A B C D Relate lines 20A through 20D to these columns † † Property A † 21 22 23 24 25 26 Gross sales price (Note: See line 1a before completing.).......................... Cost or other basis plus expense of sale.................................................... Depreciation (or depletion) allowed or allowable......................................... Adjusted basis. Line 22 minus line 23....................................................... Total gain. Line 21 minus line 24............................................................... If IRC section 1245 property: a Depreciation allowed or allowable after applicable date (see Instructions) b Enter smaller of line 25 or 26a.............................................................. 27 If IRC section 1250 property: (If straight line depreciation was used, enter zero on line 27i) a Additional depreciation after 12/31/76 (see Instructions) ..................... b Applicable percentage times the smaller of line 25 or line 27a (see Instructions)................................................................................... c Line 25 minus line 27a. If residential rental property or line 25 is not more than line 27a, skip lines 27d through 27h............................ d Additional depreciation after 12/31/74 and before 1/1/77 ..................... e Applicable percentage times the smaller of line 27c or 27d (see Instructions)................................................................................... f Line 27c minus line 27d. If line 27c is not more than line 27d, skip lines 27g and 27h........................................................................... g Additional depreciation after 12/31/64 and before 1/1/75 .................... h Applicable percentage times the smaller of line 27f or 27g (see Instructions)................................................................................... i Add line 27b, 27e, and 27h.................................................................... 28 If IRC section 1252 property: Skip this section if you did not dispose of farmland or if this form is being completed for a partnership. a Soil, water and land clearing expenses made after 12/31/76 ............... b Line 28a times applicable percentage (see Instructions) ..................... c Enter smaller of line 25 or 28b.............................................................. 29 If IRC section 1254 property: a Intangible drilling and development costs deducted after 12/31/76 (see Instructions).................................................................... b Enter smaller of line 25 or 29a.............................................................. 30 If IRC section 1255 property: a Applicable percentage of payments excluded from income under IRC section 126 (see Instructions)............................................... b Enter smaller of line 25 or 30a.............................................................. Property B Property C Property D 21 22 23 24 25 26a 26b 27a 27b 27c 27d 27e 27f 27g 27h 27i 28a 28b 28c 29a 29b 30a 30b Summary of Part III Gains. Complete Property columns A through D through line 30b before going on to line 31. 31 Total gains for all properties. Add columns A through D, line 25................................................................................................. 31 32 Add property columns A through D, lines 26b, 27i, 28c, 29b, and 30b. Enter here and on Part II, line 14.................................. 32 33 Line 31 minus line 32. Enter the portion from casualty or theft on federal Form 4684, line 33. Enter the portion from other than casualty or theft on Schedule D-1, Part I, line 6.................................................................................................. 33 Part IV Recapture Amounts Under IRC Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less (See Instructions for Part IV.) (a) Section 179 34 IRC section 179 expense deduction or depreciation allowable in prior years................................................... 35 Recomputed depreciation (see Instructions)..................................................................................................... 36 Recapture amount. (line 34 minus line 35) (see Instructions for where to report)............................................ 34 35 36 (b) Section 280F(b)(2)
Extracted from PDF file 2023-hawaii-sch-d1.pdf, last modified October 2003

More about the Hawaii Sch. D1 Corporate Income Tax TY 2023

We last updated the Sales of Business Property in January 2024, so this is the latest version of Sch. D1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Sch. D1 directly from TaxFormFinder. You can print other Hawaii tax forms here.


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Other Hawaii Corporate 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-301 Application for Automatic Extension of Time to File Hawaii Corporation Income Tax Return
Form EFT-1 (Obsolete) Authorization for Electronic Funds Transfer
Form N-318 (Obsolete) High Technology Business Investment Tax Credit
Form N-342 Renewable Energy Technologies Income Tax Credit
Form A-6 Tax Clearance Application

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 Sch. D1 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 Sch. D1

We have a total of twelve past-year versions of Sch. D1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Sch. D1

Schedule D-1 Rev 2021Sales of Business Property

2022 Sch. D1

Schedule D-1 Rev 2021Sales of Business Property

2021 Sch. D1

Schedule D-1 Rev 2021Sales of Business Property

2020 Sch. D1

Schedule D-1 Rev 2020 Sales of Business Property

2019 Sch. D1

Schedule D-1 Rev 2019 Sales of Business Property

2018 Sch. D1

Schedule D-1 Rev 2018 Sales of Business Property

2017 Sch. D1

Schedule D-1 Rev 2016 Sales of Business Property

2016 Sch. D1

Schedule D-1 Rev 2016 Sales of Business Property

Forms 2015 - Web Fillable 2015 Sch. D1

Schedule D-1 Rev 2015 Sales of Business Property

Forms 2013 - Web Fillable 2014 Sch. D1

Schedule D-1 Rev 2013 Sales of Business Property

Forms 2012 - Web Fillable 2012 Sch. D1

Schedule D-1 Rev 2012 Sales of Business Property

Forms 2011 - CD Fillable 2011 Sch. D1

Schedule D-1 Rev 2011 Sales of Business Property


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