Screen HIK1-3 - Hawaii Schedule K-1 Credits (1065)

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Overview

Use this screen to enter pass-through information for Form N-20, Schedule CR, Form N-312 and Schedule K-1. The information in
Name of passthrough entity
and
Unit
automatically transfers from the corresponding boxes in the HIK1 screen for this activity.

Credits

Use this section to enter the various pass-through Hawaii credits. Amounts entered here will be combined with credit amounts in the HICredit screen. Note that this section does
not
transfer amounts from the federal screens.
Low-income housing tax credit from IRC 42(j)(5) partnerships
Enter the amount of low-income housing tax credit recapture from IRC section 42(j)(5) partnerships. The amount entered appears in a supplemental schedule attached to Schedule K, line 32 and on Schedule K-1, line 32a.
Low-income housing tax credit from other than IRC 42(j)(5) partnerships
Enter the amount of low-income housing tax credit recapture from other than IRC section 42(j)(5) partnerships. The amount entered appears in a supplemental schedule attached to Schedule K, line 32 and on Schedule K-1, line 32b.
Recapture of tax credit for flood victims
Enter the amount of recapture of tax credit for flood victims. The amount entered appears in a supplemental schedule attached to Schedule K, line 32 and on Schedule K-1, line 34.
Recapture of important agricultural land tax credit
Enter the amount of recapture of important agricultural land tax credit. The amount entered appears in a supplemental schedule attached to Schedule K, line 32 and on Schedule K-1, line 35.
Recapture of capital infrastructure tax credit
Enter the amount of recapture of capital infrastructure tax credit. The amount entered appears in a supplemental schedule attached to Schedule K, line 32 and on Schedule K-1, line 36.

Capital Goods Excise Tax Credit

Computation of credit / … / Recapture information
Use these boxes to enter pass-through information for Hawaii Form N-312, Excise Tax Credit. Information entered in this section will be combined with information in Screen HICredit to complete Hawaii Form N-312.

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