Hawaii Total Investment Interest Expense

Who Must File If you are an individual, estate, or a trust, you must file Form N-158 to claim a deduction for your investment interest expense. Exception. You do not have to file Form N-158 if all of the following apply. • Your investment income from interest and ordinary dividends is more than your investment interest expense. • You do not have any other deductible investment [...]

Higher Education Savings Accounts Used for K-12 Tuition

Higher Education Savings Accounts Used for K-12 Tuition If you paid K-12 tuition with a distribution from a higher education savings account, include the lesser of the total distributions from the account used to pay K-12 tuition or the total earnings reported on federal Form 1099-Q for the [...]

Interest from non-Minnesota Government Bonds Held by Mutual Funds

Interest From Municipal Bonds of Another State or its Governmental Units Of the amount you included (or should have included) on line 2a of federal Form 1040, add the interest you received from municipal bonds issued by: • A state other than Minnesota • A local government (such as a county or city) in a state other than Minnesota Federally Tax-Exempt Dividends from Mutual Funds [...]

Can I deduct my Hawaii investment interest?

Who Must File If you are an individual, estate, or a trust, you must file Form N-158 to claim a deduction for your investment interest expense. Exception. You do not have to file Form N-158 if all of the following apply. • Your investment income from interest and ordinary dividends is more than your investment interest expense. • You do not have any other deductible investment [...]

How are my qualified exemptions listed on Hawaii Schedule X?

On Line 8, enter the names of the qualified exemptions. Start with yourself. Enter your spouse’s name if you are married and filing a joint return or married and filing separately where your spouse is not filing a Hawaii return, had no income, and was not the dependent of someone else. Then list your dependents and enter the dependent’s relationship to you. However, do not list minor [...]