Form N-20 Schedule D Capital Gains and Losses - Hawaii

What Is Form N-20 Schedule D?

This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii.The document is a supplement to Form N-20, Partnership Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form N-20?
A: Form N-20 is the tax return form for corporations in Hawaii.

Q: What is Schedule D?
A: Schedule D is the form used to report capital gains and losses.

Q: What are capital gains and losses?
A: Capital gains and losses are the profits or losses from the sale of assets like stocks, bonds, or real estate.

Q: Who needs to file Form N-20 Schedule D?
A: Corporations in Hawaii that have capital gains or losses need to file Form N-20 Schedule D.

Q: How do I report capital gains and losses on Schedule D?
A: You report capital gains and losses on Schedule D by listing the details of each transaction, including the purchase price, sale price, and any adjustments.

Q: Are there any special rules for reporting capital gains and losses in Hawaii?
A: No, the rules for reporting capital gains and losses on Form N-20 Schedule D in Hawaii are generally the same as the federal rules.

Q: When is the deadline to file Form N-20 Schedule D?
A: The deadline to file Form N-20 Schedule D is the same as the deadline for filing the corporate tax return in Hawaii, which is the 20th day of the fourth month after the end of the tax year.

Q: Can I e-file Form N-20 Schedule D?
A: Yes, you can e-file Form N-20 Schedule D if you are using approved tax software or working with a tax professional who offers e-filing services.

Q: Do I need to include supporting documents with Form N-20 Schedule D?
A: You generally do not need to include supporting documents with Form N-20 Schedule D, but you should keep them for your records in case of an audit.