N-288C
N-288A
Meet John Smith (Sample Seller)
- Purchased Aulani DVC for $20,000
- Sold for $18,000
- Selling expenses: $1,600
- Net loss: -$3,600
- Taxes owed: $0
- Full refund: $1,305
Hawaii withheld 7.25% x $18,000 = $1,305. Since no tax is owed on a loss, the full $1,305 comes back!
Guided Tour
Sample:
Mode:
What Do You Do Next?
- 1Replace sample data with your actual sale information
- 2Click Print to print the completed form
- 3Gather your supporting documents (N-288A Copy B, settlement statement, purchase contract)
- 4Mail everything to Hawaii Department of Taxation
Mail To:
Hawaii Department of Taxation
P.O. Box 1530
Honolulu, Hawaii 96806-1530
Mailing Checklist
- Form N-288C (this form)
- Form N-288A (Copy B from title company)
- Final sale settlement statement
- Original purchase contract