Clear Form
PREPARE IN
STATE OF HAWAII — DEPARTMENT OF TAXATION
TRIPLICATE
PARTNER’S SHARE OF INCOME, CREDITS,
SCHEDULE K-1
FORM N-20
1
File with N-20
DEDUCTIONS, ETC.— 2014
(REV. 2014)
2
For partnership
3
For partner
For calendar year 2014 or other tax year
beginning
, 2014 and ending
, 20
Partner’s Social Security No. or Federal Employer I.D. No.
Partnership’s Federal Employer Identification No.
Partner’s name, address, and Postal/ZIP Code
Partnership’s name, address, and Postal/ZIP Code
A
This partner is a
general partner
limited partner
D
Partner’s share of liabilities:
LLC member-manager
other LLC member
Nonrecourse ........................................................... $
Qualified nonrecourse financing ............................. $
What type of entity is this partner?
B
Other ....................................................................... $
(i) Before
change
(ii) End of
E
Check here if this partnership is a publicly traded partnership
or termination
year
C
Enter partner’s percentage of:
as defined in IRC section 469(k)(2) ........
Profit sharing ...........................................__________%
__%
Loss sharing ............................................__________%
__%
F
Check applicable boxes:
(1)
Final K-1
(2)
Amended K-1
Ownership of capital ...............................__________%
__%
G
Reconciliation of partner’s capital account:
(c) Income included in
(d) Deductions included
(f) Capital account
(a) Capital account at
(b) Capital contributed
column (c) below, plus
in col. (c) below, plus
(e) Withdrawals and
at end of year (combine
beginning of year
during year
nontaxable income
unallowable deductions
distributions
columns (a) through (e))
(
) (
)
Refer to Partner’s Instructions for Schedule K-1 (Form N-20) before entering information from this schedule on your tax return.
Caution:
(b) Attributable to
(c) Attributable
(d) Form N-11 & N-15 filers
(a) Distributive share items
Hawaii
Everywhere
enter the amount in column (b)
and /or column (c) on:
1 Ordinary income (loss) from trade or business activities. .............................
}
See Partner’s Instructions for
2 Net income (loss) from rental real estate activities. ......................................
Schedule K-1
(Form N-20)
3 Net income (loss) from other rental activities................................................
4 Guaranteed payments to partner ..................................................................
Interest Worksheet
5 Interest ..........................................................................................................
}
6 Ordinary Dividends .......................................................................................
See Partner’s Instructions for
Schedule K-1 (Form N-20).
7 Royalties .......................................................................................................
8 Net short-term capital gain (loss) .................................................................
Capital Gain/Loss Worksheet
9 Net long-term capital gain (loss) ...................................................................
Capital Gain/Loss Worksheet
10 Net IRC section 1231 gain (loss) (attach Schedule D-1) ................................
See Partner’s Instr. for Sch. K-1 (Form N-20).
11 Other income (loss) (attach schedule). .........................................................
Enter on applicable line of your return.
12 Charitable contributions (attach schedule) ...................................................
}
See Partner’s Instructions
13 Expense deduction for recovery property (IRC section 179) (attach schedule)
for Schedule K-1 (Form N-20).
14 Deductions related to portfolio income (attach schedule). ............................
15 Other deductions (attach schedule). .............................................................
Enter on applicable line of your return.
16 Total cost of qualifying property for the Capital Goods Excise Tax Credit.....
Form N-312
17 Fuel Tax Credit for Commercial Fishers ........................................................
Form N-163
See attached Form N-756A
18 Amounts needed to claim the Enterprise Zone Tax Credit ..........................
Form N-756
19 Hawaii Low-Income Housing Tax Credit .......................................................
Form N-586
20 Credit for Employment of Vocational Rehabilitation Referrals.......................
Form N-884
21 Motion Picture, Digital Media, and Film Production Income Tax Credit ........
Form N-340
SCHEDULE K-1 FORM N-20