PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Schedule D-1
for the current year.
Instructions for Schedule D-1 Sales of Business Property - Hawaii
This document contains official instructions for Schedule D-1 , Sales of Business Property - a form released and collected by the Hawaii Department of Taxation.
FAQ
Q: What is Schedule D-1?
A: Schedule D-1 is a form used to report the sales of business property in the state of Hawaii.
Q: Who needs to file Schedule D-1?
A: Individuals and businesses in Hawaii who have sold business property need to file Schedule D-1.
Q: What information is required on Schedule D-1?
A: You will need to provide details about the property sold, the sales price, and any gains or losses.
Q: When is Schedule D-1 due?
A: Schedule D-1 is generally due on the same day as your Hawaii income tax return, which is April 20th.
Q: Are there any penalties for not filing Schedule D-1?
A: Yes, if you do not file Schedule D-1, you may be subject to penalties and interest on any unpaid taxes.
Q: What if I have multiple sales of business property? Do I need to file multiple Schedule D-1 forms?
A: No, you can report all your sales of business property on a single Schedule D-1 form.
Q: Can I deduct any expenses related to the sale of business property on Schedule D-1?
A: Yes, you may be able to deduct expenses such as commissions or attorney fees. Consult a tax professional for guidance.
Instruction Details:
- This 4-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Hawaii Department of Taxation.
1
2
3
4
