Supported Forms

The following Hawaii forms are supported in Drake Tax 2023. HI forms cannot be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID
HI4562	Depreciation and Amortization	P	P	P	P	P
N-103	Sale of Your Home	P
N-11	Individual Income Tax Return Resident / N-110 – Statement of Person Claiming Refund Due	P
N-139	Moving Expenses	P
N-15	Individual Income Tax Return Nonresident and Part-Year Resident	P
N-152	Tax on Lump-Sum Distributions	P				P
N-158	Investment Interest Expense Deduction	P				P
N-163	Fuel Tax Credit for Commercial Fishers	P	P	P	P	P
N-168	Income Averaging for Farmers and Fishermen	P
N-20	Partnership Return of Income				P
N-200V	Individual Income Tax Payment Voucher	P
N-201V	Business Income Tax Payment Voucher		P	P	P	P
N-210	Underpayment of Estimated Tax by Individuals, Estates, and Trusts	P				P
N-220	Underpayment of Estimated Tax by Corporations and S Corporations		P	P
N-30	Corporation Income Tax Return		P
N-311	Refundable Food/Excise Tax Credit	P
N-312	Capital Goods Excise Tax Credit	P	P	P	P	P
N-323	Carryover of Tax Credits	P	P			P
N-325	Historic Preservation Income Tax Credit	P	P	P	P	P
N-330	Credit for School Repair and Maintenance	P	P	P	P	P
N-338	Recapture of Tax Credit for Flood Victims	P	P	P	P	P
N-340	Motion Picture, Digital Media, and Film Production Income Tax Credit	P	P	P	P	P
N-342	Renewable Energy Technologies Income Tax Credit	P	P	P	P	P
N-342A	Information Statement Concerning Renewable Energy Technologies Income Tax Credit	P	P	P	P	P
N-344	Important Agricultural Land Qualified Agricultural Cost Tax Credit	P	P	P	P	P
N-346	Tax Credit for Research Activities	P	P	P	P	P
N-348	Capital Infrastructure Tax Credit	P	P	P	P	P
N-35	S Corporation Income Tax Return			P
N-356	Earned Income Tax Credit	P
N-358	Healthcare Preceptor Income Tax Credit	P
N-360	Renewable Fuels Production Tax Credit	P	P	P	P	P
N-360	Renewable Fuel Production Tax Credit (tax years beginning after 12/31/2021)	P	P	P	P	P
N-362	Pass-Through Entity Tax Credit	P		P	P	P
N-362E	Pass-Through Entity Tax Election			P	P
N-4	Statement of Withholding for a Nonresident Shareholder of an S Corporation			P
N-40	Fiduciary Income Tax Return					P
N-405	Tax on Accumulation Distribution of Trusts	P
N-40T	Allocation of Estimated Tax Payments to Beneficiaries					P
N-586	Tax Credit for Low-Income Housing	P	P	P	P	P
N-615	Computation of Tax for Children Under Age 14 Who Have Unearned Income of More than $1,000	P
N-756	Enterprise Zone Tax Credit	P	P	P	P	P
N-814	Parent's Election to Report Child's Interest and Dividends	P
N-848	Power of Attorney	P	P	P	P	P
N-884	Credit for Employment of Vocational Rehabilitation Referrals	P	P	P	P	P
Schedule AMD	Explanation of Changes on Amended Return	P	P	P	P	P
Schedule CR	Schedule of Tax Credits	P	P			P
Schedule D (N-20)	Capital Gains and Losses				P
Schedule D (N-30/N-70NP)	Capital Gains and Losses		P
Schedule D (N-35)	Capital Gains and Losses and Built-in Gains			P
Schedule D (N-40)	Capital Gains and Losses					P
Schedule D-1	Sales of Business Property	P	P	P	P	P
Schedule J (N-11/N-15/N-40)	Supplemental Annuities Schedule	P				P
Schedule K-1 (N-20)	Partner's Share of Income, Credits, Deductions, etc.	P			P
Schedule K-1 (N-35)	Shareholder's Share of Income, Credits, Deductions, etc.	P		P
Schedule K-1 (N-40)	Beneficiary's Share of Income, Deductions, Credits, etc.					P
Schedule O (N-20/N-30)	Allocation and Apportionment of Income		P		P
Schedule P (N-20/N-30)	Computation of Apportionment Factors		P		P
Schedule PTE	Pass-Through Entity Tax Calculation			P	P
Schedule PTE-U	Upper-Tier Pass-Through Entity Tax Credit Allocation			P	P
Schedule X (N-11/N-15)	Tax Credits for Hawaii Residents	P

New Forms

• N-362, Pass-Through Entity Tax Credit

• N-362E, Pass-Through Entity Tax Election

• Schedule PTE, Pass-Through Entity Tax Calculation

• Schedule PTE-U, Upper-Tier Pass-Though Entity Tax Credit Allocation

Obsolete Forms

• N-352, Renewable Fuels Production Tax Credit

• N-354, Organic Foods Production Tax Credit

Tax Law Changes

• The Pass-Through Entity (PTE) Tax Credit has been established for taxable years beginning after December 31, 2022, effective January 1, 2024. The PTE Tax Credit allows partnerships and

• S corporations to annually elect to pay Hawaii income tax at the entity level. Eligible members of an electing PTE may claim a nonrefundable income tax credit for their pro rata share of PTE taxes paid by the entity (Act 50, SLH 2023).

• The Hawaii income and estate and generation-skipping transfer tax laws now conform to the Internal Revenue Code of 1986, which was amended as of December 31, 2022, and applies to taxable years beginning after December 31, 2022. Section 235-2.3(b)(40), Hawaii Revised Statutes, with respect to the computation of tax where taxpayers restore substantial amounts held under claim of right, is amended for taxable years beginning after December 31, 2021.

• The following refundable income tax credits have been amended for tax years 2023 – 2027:

  • Household and Dependent Care Tax Credit — Increased credit amount

  • Refundable Earned Income Tax Credit — Increased credit amount

  • Refundable Food Excise Tax Credit — Increased credit and income threshold amounts

• Taxpayers may now exclude up to $7,683 of their military reserve or Hawaii National Guard duty pay from their income, effective for taxable years beginning after December 31, 2022.