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This article contains notes about calculations and adjustments for Hawaii fiduciary returns.

• Schedules C, D, D-1, E, F, 4562, 4684, 6252, 8824, and 8582 all show Hawaii Law amounts. Source amounts for Schedule D calculate the Hawaii Source Capital Gain/Loss worksheet in the same folder. 
• Hawaii allows the federal tax deduction plus any foreign taxes paid that you did not deduct on the federal return (i.e. foreign tax credit) as a tax deduction. There is an adjustment to Form N-40, line 11 for taxes you take as a state tax credit. Onvio Tax prorates this to tax-exempt and ESBT income. Therefore, the difference on line 11 might not be the same amount as the credit.
• Other state differences may come from investment interest limitations, NOL differences, depreciation differences, casualty loss differences, and limitations to charitable deductions.
• Onvio Tax displays Hawaii Law amounts on Schedule K-1 for resident and nonresident beneficiaries, and Hawaii source amounts for nonresident beneficiaries on the Schedule K-1 Supplement.

Hawaii overview (1041)