Get Hi Dot N-288c 2020

Filling out the HI DoT N-288C form is an essential step for individuals and entities seeking a refund of withholding on dispositions involving Hawaii real property interests. This guide provides comprehensive, step-by-step instructions to help users complete the application accurately and efficiently.

Follow the steps to fill out the HI DoT N-288C online.

1. Press the ‘Get Form’ button to access the HI DoT N-288C. This will allow you to open the form in an online editor for completion.
2. Begin by entering the tax year ending relevant to your transaction at the top of the form.
3. Select the appropriate box to indicate your status as either an individual, corporation, trust, partnership, or estate.
4. Provide your name and, if applicable, your spouse’s name, along with their respective suffixes and Social Security numbers.
5. Fill in the details of the corporation, partnership, trust, or estate including the Federal Employer Identification Number and a trade name if applicable.
6. Input your daytime phone number and mailing address including city, state, and postal code.
7. Describe the Hawaii real property transaction including the date of transfer, tax map key number, county, and a general description of the property.
8. Indicate whether the property was used as a rental, providing your Hawaii Tax Identification Number as necessary and the start and end date for rental activity.
9. Enter the amount withheld as indicated on Form N-288A and attach a copy of that form.
10. Record the sales price and purchase price of the property, attaching the final sales and purchase statements respectively.
11. List any improvements made to the property, selling expenses, and other associated costs, attaching the required schedules and documentation.
12. Calculate and enter your total additions and subtractions as instructed, ensuring accuracy in line calculations.
13. Complete the gain calculation by subtracting the adjusted basis of the property from the sales price.
14. Determine the tentative tax on the gain based on applicable tax rates, completing your calculation.
15. Compute the refund amount by subtracting the tentative tax from the amount withheld, and ensure this line is filled in.
16. Finally, review the form for completeness, sign it, including any necessary titles and dates, and prepare to submit your application.

Complete your application for the HI DoT N-288C online now to ensure timely processing of your refund.