Question

New Forms for Hawaii Corporate Return SALT PTE Deduction

Forum|Forum|2 years ago
March 2, 2024
1 reply
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Starting with 2023, Hawaii has joined many other states in allowing for individual shareholders of a pass through entity (PTE) to pay for their state & local taxes (SALT) via the corporation in order to bypass the $10k tax deduction cap on the individual return. To make this election and file taxes at the corporate level, Hawaii has released 2 forms: the N-362E and Schedule PTE. However, these are not yet available in the TurboTax Business Hawaii State Program that I have paid for and downloaded. Will these be added soon?

TurboTax Business Windows

H

hawaii1900

I have the same question too. I hope someone can give us an answer.

A

alohaTyAuthor

I gave up and just printed the forms directly from the Hawaii tax website. They are pretty basic/easy forms fortunately. Like in past years, Turbotax Business doesn't support e-filing with Hawaii, so I had to print and mail the return anyways.