Get Form N-288c, Rev. 2024, Application For Tentative Refund Of Withholding On Dispositions By

The Form N-288C, Rev. 2024, is a crucial document for nonresident individuals who have had taxes withheld on the sale of real property in Hawaii. This guide will provide clear and concise steps to effectively complete the form online, ensuring you understand each section's requirements.

Follow the steps to successfully complete the Form N-288C online.

1. Click ‘Get Form’ button to obtain the form and open it in the online editor.
2. Begin by entering the tax year ending at the top of the form. Make sure this aligns with the notification of your withholding payment from the Department of Taxation.
3. Indicate the type of applicant by checking only one box: Individual, Corporation, Trust, Partnership, or Estate.
4. Provide your name, including last name and suffix, as well as your Social Security number or, if applicable, your Federal Employer Identification Number.
5. If applicable, fill in your spouse's name and Social Security number, ensuring this is consistent with any previous filings.
6. If filing on behalf of a corporation, partnership, trust, or estate, enter the appropriate name and Federal Employer Identification Number.
7. Enter your daytime phone number and mailing address, making sure to include the correct postal/ZIP code.
8. Describe the Hawaii real property transaction by providing the date of transfer, tax map key number, county of property location, and a general description of the property.
9. Indicate whether the property was used as a rental. If yes, provide your Hawaii Tax I.D. number and the start and end dates of the rental activity.
10. Record the amount withheld on Form N-288A. Remember to attach a copy of Form N-288A.
11. Complete the following lines with the sales price, purchase price, improvements, selling expenses, and any other relevant costs and attach necessary schedules.
12. Calculate total additions and total subtractions as per the provided lines on the form.
13. Determine the adjusted basis of the property and the gain by following the prescribed mathematical operations.
14. Calculate the tentative tax on the gain using the appropriate tax rate schedule, and finally, compute the refund amount.
15. Sign and date the form, ensuring that both you and your spouse (if filing jointly) provide your signatures and titles as applicable.
16. Review the completed form for accuracy, save your changes, and proceed to download, print, or share the form as needed.

Complete your Form N-288C online today to ensure a smooth refund process.