us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet

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us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet — capital-gains-tax-worksheet · Axiom

Note: If your taxable income is $48,000 ($24,000 for Single, and Married Filing Separately; or $36,000 for Head of Household classifi cations) or under, do not use this worksheet. 1. Enter your taxable income from Form N-11, line 26 ........ 2. Enter your net long-term capital gain (federal Sch. D (Form 1040 or 1040-SR), line 15; or federal Form 1040 or 1040-SR, line 7 if Sch. D is not required) ........... 3. Combine your Hawaii long-term adjustments, if any, and enter the total here (see page 21 of the Instructions) ..................................... 4. Combine lines 2 and 3. This is your Hawaii net long-term capital gain ................................................ 5. Enter your net capital gain (federal Sch. D (Form 1040 or 1040-SR), line 16; or federal Form 1040 or 1040-SR, line 7 if Sch. D is not required) ........................ 6. Combine your Hawaii short-term adjustments, if any, and enter the total here (see page 21 of the Instructions) .................................... 7. Combine lines 3, 5, and 6. This is your Hawaii net capital gain ....................................................................... 8. Enter the smaller of line 4 or line 7 ................................. 9. If you are fi ling Form N-158, enter the amount from line 4e of Form N-158 ..................................................... 10. Line 8 minus line 9 (If this amount is zero or less, stop here; you cannot use this worksheet to fi gure your tax.) ......................................................... 11. Line 1 minus line 10 ......................................................... 12. Enter the amount shown below for the fi ling status you claimed ................................................... Single or Married fi ling separately— $24,000 Head of household— 36,000 Married fi ling jointly or qualifying surviving spouse— 48,000 13. Enter the greater of line 11 or line 12 .............................. 14. Line 1 minus line 13. This is the amount of net capital gains eligible for alternative tax. ...................................... 15. Compute the tax on the amount on line 13 using the Tax Table or Tax Rate Schedules, whichever applies ..... 16. Multiply line 14 by 7.25% (.0725) and enter the result .... 17. Line 15 plus line 16. ......................................................... 18. Compute the tax on the amount on line 1 using the Tax Table or Tax Rate Schedules, whichever applies ..... 19. Enter the smaller of line 17 or line 18 here and on line a of the Tax Computation Worksheet on page 32. If line 17 is smaller, enter the amount from line 14 in the space provided beside Form N-11, line 27a ...............................

in view

Whole section

Encodings · 5

Encoded from this provision

us-hi/policy/income_tax/pilot_liability_pipeline

hi_pit_pilot_taxable_income_reduced_by_capital_gainus-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet · derived

HRS 235-51(f)(1)(A) and Form N-11 worksheet line 11, taxable income reduced by completed line 10

name: hi_pit_pilot_taxable_income_reduced_by_capital_gain
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: >-
  HRS 235-51(f)(1)(A) and Form N-11 worksheet line 11, taxable income reduced by
  completed line 10
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: >-
            us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
          excerpt: Line 1 minus line 10
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: hi_pit_pilot_taxable_income - hi_pit_pilot_capital_gains_worksheet_line_10

hi_pit_pilot_capital_gain_alternative_eligibleus-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet · derived

Form N-11 capital-gains worksheet line 10, positive completed worksheet amount

name: hi_pit_pilot_capital_gain_alternative_eligible
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: Form N-11 capital-gains worksheet line 10, positive completed worksheet amount
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: >-
            us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
          excerpt: >-
            Line 8 minus line 9 (If this amount is zero or less, stop here; you
            cannot use this worksheet to figure your tax.)
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: hi_pit_pilot_capital_gains_worksheet_line_10 > 0

us-hi/policy/income_tax/resident_core_liability_pipeline

hi_pit_2026_capital_gains_worksheet_line_10us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet · derived

2025 Form N-11 capital-gains worksheet lines 2-10

name: hi_pit_2026_capital_gains_worksheet_line_10
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 2025 Form N-11 capital-gains worksheet lines 2-10
metadata:
  private: true
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: >-
            us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
          excerpt: Enter the smaller of line 4 or line 7
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: >-
            us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
          excerpt: Line 8 minus line 9
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: |-
      max(
        0,
        min(
          hi_pit_2026_federal_net_long_term_capital_gain,
          hi_pit_2026_federal_net_capital_gain
        )
      )

hi_pit_2026_taxable_income_reduced_by_capital_gainus-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet · derived

HRS 235-51(f)(1)(A) and Form N-11 worksheet line 11, taxable income reduced by completed line 10

name: hi_pit_2026_taxable_income_reduced_by_capital_gain
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: >-
  HRS 235-51(f)(1)(A) and Form N-11 worksheet line 11, taxable income reduced by
  completed line 10
metadata:
  private: true
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: >-
            us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
          excerpt: Line 1 minus line 10
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: hi_pit_2026_taxable_income - hi_pit_2026_capital_gains_worksheet_line_10

hi_pit_2026_capital_gain_alternative_eligibleus-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet · derived

Form N-11 capital-gains worksheet line 10, positive completed worksheet amount

name: hi_pit_2026_capital_gain_alternative_eligible
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: Form N-11 capital-gains worksheet line 10, positive completed worksheet amount
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: >-
            us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
          excerpt: >-
            Line 8 minus line 9 (If this amount is zero or less, stop here; you
            cannot use this worksheet to figure your tax.)
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: hi_pit_2026_capital_gains_worksheet_line_10 > 0

▸rulespec code

Shown source

policies/income_tax

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Rules

hi_pit_pilot_taxable_income_reduced_by_capital_gain

Derived

source: HRS 235-51(f)(1)(A) and Form N-11 worksheet line 11, taxable income reduced by completed line 10

- name: hi_pit_pilot_taxable_income_reduced_by_capital_gain
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: HRS 235-51(f)(1)(A) and Form N-11 worksheet line 11, taxable income reduced by completed line 10
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
            excerpt: Line 1 minus line 10
  versions:
    - effective_from: '2026-01-01'
      effective_to: '2026-12-31'
      formula: hi_pit_pilot_taxable_income - hi_pit_pilot_capital_gains_worksheet_line_10

hi_pit_2026_capital_gains_worksheet_line_10

Derived

source: 2025 Form N-11 capital-gains worksheet lines 2-10

- name: hi_pit_2026_capital_gains_worksheet_line_10
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 2025 Form N-11 capital-gains worksheet lines 2-10
  metadata:
    private: true
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
            excerpt: Enter the smaller of line 4 or line 7
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
            excerpt: Line 8 minus line 9
  versions:
    - effective_from: '2026-01-01'
      effective_to: '2026-12-31'
      formula: |-
        max(
          0,
          min(
            hi_pit_2026_federal_net_long_term_capital_gain,
            hi_pit_2026_federal_net_capital_gain
          )
        )

hi_pit_2026_taxable_income_reduced_by_capital_gain

Derived

source: HRS 235-51(f)(1)(A) and Form N-11 worksheet line 11, taxable income reduced by completed line 10

- name: hi_pit_2026_taxable_income_reduced_by_capital_gain
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: HRS 235-51(f)(1)(A) and Form N-11 worksheet line 11, taxable income reduced by completed line 10
  metadata:
    private: true
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
            excerpt: Line 1 minus line 10
  versions:
    - effective_from: '2026-01-01'
      effective_to: '2026-12-31'
      formula: hi_pit_2026_taxable_income - hi_pit_2026_capital_gains_worksheet_line_10

hi_pit_pilot_capital_gain_alternative_eligible

Derived

source: Form N-11 capital-gains worksheet line 10, positive completed worksheet amount

- name: hi_pit_pilot_capital_gain_alternative_eligible
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: Form N-11 capital-gains worksheet line 10, positive completed worksheet amount
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
            excerpt: >-
              Line 8 minus line 9 (If this amount is zero or less, stop here; you cannot use this
              worksheet to figure your tax.)
  versions:
    - effective_from: '2026-01-01'
      effective_to: '2026-12-31'
      formula: hi_pit_pilot_capital_gains_worksheet_line_10 > 0

hi_pit_2026_capital_gain_alternative_eligible

Derived

source: Form N-11 capital-gains worksheet line 10, positive completed worksheet amount

- name: hi_pit_2026_capital_gain_alternative_eligible
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: Form N-11 capital-gains worksheet line 10, positive completed worksheet amount
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-hi/form/individual-income-tax/2025/n-11-instructions/capital-gains-tax-worksheet
            excerpt: >-
              Line 8 minus line 9 (If this amount is zero or less, stop here; you cannot use this
              worksheet to figure your tax.)
  versions:
    - effective_from: '2026-01-01'
      effective_to: '2026-12-31'
      formula: hi_pit_2026_capital_gains_worksheet_line_10 > 0