Screen HIN342A - Hawaii N-342A (1040)

Overview

Use this screen to complete Forms N-342, Renewable Energy Technologies Income Tax Credit and N342A, Information Statement Concerning Renewable Energy Technologies Income Tax Credit.

General Information

Enter the date the unit was placed in service. This causes the information from the entity entered at the federal level to automatically complete the entity name, Employer Identification Number, address, and fiscal year dates.

Entity Information

Entity information automatically completes when the date in service is entered. The business entity defaults to the federal type, S Corporation, partnership, estate, or trust. Mark the
Condominium apartment association
checkbox, if needed.

Computation of Tax Credit

Enter the system details from your N342A. This data is required to calculate Form 342A.

Distributive Share

Enter the portion of the total credit the individual taxpayer is claiming to create a unit of Form N342.

Election to Treat Distributive Share of Credit as Refundable

Use this section to elect to treat the distributive share of the credit as refundable. Refundable credit is reduced by 30 percent unless the taxpayer qualifies and elects to treat as 100 percent refundable.

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