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Screen HIRent - Hawaii Rent and Royalty Properties (1120)

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Income

Sale of rental property (S Corp)
Use this field only if you entered
1
 or
2
 in the
Type of activity
 field. Enter the amount of gain included as ordinary income from the sale of rental real estate property on Schedule D-1. This amount is subtracted from the gain calculated for Schedule D-1, Part II when calculating Form N-35, Page 1, Net gain (loss) from Schedule D-1, Part II, line 19.

Expenses

Other: Meals subject to 50% limit
Enter 100 percent of the meal expenses. The application automatically reduces this amount to 50 percent when calculating other expenses.
Other: Meals subject to DOT 80% limit
Enter 100 percent of the meals expense subject to the hours of service limitations of the Department of Transportation (DOT). The application automatically reduces this amount to 80 percent when calculating other deductions.

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