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david-h-nguyen2
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What is the tax charge for investment property in hawaii

 
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AmandaR1
New Member

What is the tax charge for investment property in hawaii

I presume that you are asking about rental income for an investment property. Hawaii's Transient Accommodations Tax (TAT) 9.25% and General Excise Tax (GET) 4% (4.5% on Oahu) are a unique excise/sales tax, which applies to all sales

TAT only applies if the intent of your rental is for accommodations of less than 180 consecutive days.  If it's a longer term investment being rented as a home, then you only need to pay GET. Detailed rules apply for calculating the tax when and if you decide to pass the taxes on to renters. The following state resource has some simple examples CLICK HERE

These taxes aren't handled in TurboTax because they aren't related to income tax filing. You need to register with the state and you can file the semi-annual, quarterly or monthly forms (regardless of income) through their website https://hitax.hawaii.gov

If that's not what you mean, please add information in a comment. 

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