Hawaii HARPTA and The Sale of Main Residence Exclusion

A quick read of how the sale of main home exclusion affects your Hawaii HARPTA withholding.

Hawaii HARPTA quick recap

When you sell a property in Hawaii and you are not a resident, the Hawaii tax code requires you to “deposit” a portion of your sale proceeds as a tax withholding to make sure that you pay your tax on any gains and that you are in tax compliance with the state.… Read the rest