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Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 12475
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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Is a Hawaii nonresident investment income subject to Hawaii

Customer Question

Is a Hawaii nonresident investment income subject to Hawaii income tax?
Submitted: 1 year ago.
Category: Tax
Expert:  Lane replied 1 year ago.

Hi,

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Can you provide few more details?

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Is this investment income for a non-resident of HI ... and your asking about HI income taxes?

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Is that the question? or are yuo asking abiout, say, rents or other passive income from an asset IN Hawaii to a non-resident of the state?

Expert:  Lane replied 1 year ago.

For example, If you temporarily visited or were in transition through Hawaii, and sold property there, but have your domicile somewhere else, you are a nonresident. However, you must file a nonresident tax return with Hawaii if you are under 65, and made more than $1,040 of taxable income from Hawaiian sources or if you are above 65 and made more than $2,080 of taxable income in Hawaii.

To fill out your nonresident tax return with Hawaii, use Form N-15.

Expert:  Lane replied 1 year ago.

For example, If you temporarily visited or were in transition through Hawaii, and sold property there, but have your domicile somewhere else, you are a nonresident. However, you must file a nonresident tax return with Hawaii if you are under 65, and made more than $1,040 of taxable income from Hawaiian sources or if you are above 65 and made more than $2,080 of taxable income in Hawaii.

To fill out your nonresident tax return with Hawaii, use Form N-15.

Expert:  Lane replied 1 year ago.

If you can tell me more about (1) the investment and (2) your, or your client's, residency I can give you much more specific answer ...

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but the way you've asked the question, it's had to know exactly what you're asking

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Please be a little more descriptive if you can (no PERSONALLY identifiable information please) and we can go from there...

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Thanks,

Lane

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