N-20: Partnership Tax Return (2024)
Hawaii · Hawaii DoTax · Used for tax years 2024
Form N-20 is Hawaii’s Partnership Return of Income for 2024. It reports partnership income, deductions, Hawaii adjustments, and partners’ shares of income, deductions, and credits. It also reports applicable taxes, nonresident withholding, payments, and any balance due or overpay
What you'll need
Have your federal Form 1065 available. Form N-20 uses its business code and amounts from comparable lines for lines 1 through 9. You will also need the partnership’s federal employer identification number and Hawaii tax identification number.
Depending on what you report, the form calls for these attachments:
- Amended return: Schedule AMD.
- Electing pass-through entity: Schedule PTE.
- Nonresident withholding distributed to nonresident partners: Schedule NP.
- Farm income: Federal Schedule F (Form 1040).
- Rental real estate income: Federal Form 8825.
- IRC section 1231 gain or loss: Schedule D-1.
- IRC section 179 expense deduction: Federal Form 4562.
- Hawaii adjustments and certain other income, expenses, deductions, or items: Supporting schedules where the form says to attach them.
- Tax credits: The credit forms identified on Schedule K for the credits you report.
For the payments section, have the amounts of your 2024 estimated tax payments from Forms N-201V and N-288A, plus any payments made with an extension.
Common mistakes
- Confusing preparer discussion permission with power of attorney. The form states that permission for the Department of Taxation to discuss the return with the preparer does not replace Form N-848, Power of Attorney.
- Using line 25 on an original return. Line 25, for the amount paid or overpaid on the original return, is marked “AMENDED RETURN ONLY.”
Questions people ask
Where do the amounts for lines 1 through 9 come from?
Use amounts from the comparable lines on federal Form 1065. Form N-20 then provides lines for Hawaii additions and deductions to calculate ordinary income or loss for Hawaii tax purposes.
How do I identify an amended return?
Check the “Amended Return” box in item E and attach Schedule AMD.
What does an electing pass-through entity need to attach?
The form directs an electing PTE to check the “Electing PTE” box and attach Schedule PTE. Pass-through entity tax is reported on line 17a.
What can I do with an overpayment?
Line 22 lets you specify an amount to credit to 2025 estimated tax and an amount to refund.
Who signs the return?
The signature line is for a general partner or limited liability company member. The form also has a separate signature area for a paid preparer.