Screen HIHome - Hawaii Sale of Personal Residence (1040)

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Overview

Use this screen to complete the federal Home Sale Worksheet with Hawaii amounts. Amounts that appear in the
HIHome
screen are automatically transferred to this screen from the federal
Home
screen. It's important that you report any state-related law differences and details in the
HIHome
screen.
note
All federal
Home
screen information transfers to UltraTax/1040-HI. All units are included in the calculations for total sources. For nonresident and part-year resident returns, only units with postal code
HI
are included in HI source calculations.

Exclusion Information

Meet use and ownership test without exceptions / Depreciation claimed for periods after May 6, 1997
These fields transfer from UltraTax/1040. To indicate that a home sale doesn't meet Hawaii use and ownership test without exception, clear the
X
from
Meet use and ownership test without exceptions
.
Maximum or reduced exclusion amount (Force)
Use this field to force an amount of maximum or reduced exclusion. An amount entered in this field will transfer directly to Form N-103, line 21, Exclusion, and will be used in determining taxable gain.

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