Article: 50239

Overview

Form N-20 K1 is the partnership-level Schedule K 1 filed with Form N 20 (Partnership Return of Income) in Hawaii. Its purpose is to report each partner’s share of income, losses, deductions, and tax credits generated by the partnership for inclusion on their individual or entity tax returns.
Note: Most income and deductions will automatically flow from the Federal Schedule K-1 (Form 1065) into your state return. However, you may need to manually add Hawaii-specific items using Form N-20K1.

Add Form N-20 Schedule K-1

To add the Form N-20 Schedule K-1:

1. Go to State Taxes.
2. Click I’d like to see the forms I’ve filled out or search for a form.
3. Click Hawaii to expand the Forms listing.
4. Click on the General tab.
5. Select N-20K1 – Partner’s Share of Income, Credits, Deductions to add and open the form.
6. Enter your information and click Save.

Further Information

2024 Form N-11 Instructions

Form N-20K1 Instructions