Instructions for Form N-323 Carryover of Tax Credits - Hawaii

Form N-323 Carryover of Tax Credits - Hawaii

This document contains official instructions for Form N-323 , Carryover of Tax Credits - a form released and collected by the Hawaii Department of Taxation. An up-to-date fillable Form N-323 is available for download through this link.

FAQ

Q: What is Form N-323?
A: Form N-323 is a form used in Hawaii for the carryover of tax credits.

Q: What is the purpose of Form N-323?
A: The purpose of Form N-323 is to carry over tax credits from one year to another.

Q: Who should use Form N-323?
A: Individuals, estates, and trusts in Hawaii who have tax credits to carry over should use Form N-323.

Q: When should I file Form N-323?
A: Form N-323 should be filed with your Hawaii tax return for the year in which the tax credits are being carried over.

Q: Are there any fees or costs associated with filing Form N-323?
A: No, there are no fees or costs associated with filing Form N-323.

Q: What information do I need to complete Form N-323?
A: You will need to provide information about the tax credits you are carrying over, including the type of credit, the original amount, and the amount being carried over.

Q: Can I carry over tax credits from multiple years on one Form N-323?
A: No, you will need to file a separate Form N-323 for each year you are carrying over tax credits.

Q: What should I do with Form N-323 after filing?
A: After filing Form N-323, you should keep a copy for your records and attach a copy to your Hawaii tax return.