Get Form N-288C, Rev 2016, Application For Tentative Refund Of Withholding On Dispositions By

File a Form N-288B (with Form N-103 included if applicable) in a timely manner prior to closing to avoid HARPTA withholding altogether if you qualify. Or, maybe you qualify for an N-289 exemption? Alternatively, you may need to file a Form N-288C to get your money back… if you don't qualify for an exemption.

Call us for assistance with arranging a refund of the over withheld amount. Requires calculating actual Hawaii capital gains tax. Refunds take from 4-16 weeks.

Under IRC section 1031, if you sell investment real estate and buy more expensive investment real estate within a prescribed time frame, you can defer capital gains taxes on the property you are selling.

THIS FORM IS TO BE USED FOR TRANSFERS OR PAYMENTS MADE IN 2023 ONLY. they transferred their Hawaii real property interest. Attach Copy A of Form(s) N-288A and your check or money order to Form N-288.

Properties For Sale on Maui The 7.25% withheld via HARPTA reflects the 7.25% capital gains tax that applies in the state of Hawaii.

Hawaiʻi nonresidents or part-year residents should file state Form N-15. A completed copy of the federal return must be attached to the Form N-15. Full-year Hawaiʻi residents filing a federal return should file state Form N-11.

Under IRC section 1031, if you sell investment real estate and buy more expensive investment real estate within a prescribed time frame, you can defer capital gains taxes on the property you are selling.

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.