Lahainaluna Relocates

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Due to environmental risks from recent wildfires, Lahainaluna Principal Richard Carosso intends to temporarily transfer pupils to Kulanihako’i High School in Kihei on September 14. Carosso acknowledged the difficulties of the situation and underlined the importance of delivering in-person instruction and bringing pupils back on track in his remarks to parents, instructors, and students. Aiming to reopen West Maui schools after fall break while investigating other educational choices, resolving communication issues with parents, and considering potential temporary locations, DOE officials addressed concerns during community gatherings.

Taxpayers Affected by Wildfires

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The following information is per Julie Bratton. She is a 1031 Exchange Specialist with Old Republic Exchange Company.

The IRS has issued Tax Relief Notice HI-2023-05 which permits the extension of some tax-related deadlines.

Certain Taxpayers affected by wildfires in parts of Hawaii may be eligible for extensions related to their 45-day and 180-day 1031 exchange deadlines.

Under these Notices, taxpayers affected by wildfires in the counties of Maui and Hawaii may qualify for extensions of certain tax deadlines until February 15, 2024.

Depending upon the circumstances, taxpayers conducting a tax deferred 1031 exchange may have two different options for extension of their deadlines:

  1. Affected Taxpayers ONLY (Section 6):

*an “affected taxpayer” – i.e. lives in the federally declared disaster area or has a principal place of business is in the disaster area;

* 45-day and 180-day deadlines that fall on or after the disaster date may be extended until February 15, 2024

OR

  1. Affected Taxpayers & Other Taxpayers (Section 17):

* IF the relinquished property was transferred on or before the applicable disaster date; then 45-day and 180-day deadlines may be extended 120 days or until February 15, 2024, whichever is later;

*This provision applies to “affected taxpayers” or those who are NOT an “affected taxpayer” but have difficulty meeting the 45-day identification deadline and the 180-day exchange period deadline due to the federally declared disaster. See Revenue Procedure 2018-58, Section 17.

See Revenue Procedure 2018-58, Sections 6 and 17 and check for updates to the scope of the disaster area and the Notices:

https://www.irs.gov/newsroom/tax-relief-in-disaster-situations

Maui Moving Forward

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We deeply appreciate your incredible thoughtfulness and generous support in our efforts to rebuild Maui Island’s properties and spirit. The overwhelming care you’ve shown, from various places within the County, has been truly inspiring and comforting.

The donations that have come in from all corners of the County speak volumes about the unity and compassion that bind us together. We want to express our heartfelt gratitude to each and every one of you.

While the process of rebuilding West Maui and revitalizing its businesses may take time, we want to reassure you that Maui’s indomitable spirit shines brighter than ever. We proudly announce that Maui is ready and eager for business, with doors wide open.

We urge you to disregard any negativity that might arise from those who lack understanding or expertise. Instead, let us stand united, confident that the magic of Maui prevails over all challenges.

A captivating video, skillfully crafted by Clint, awaits you—a visual journey that rekindles the enchanting essence of Maui. Allow its imagery to transport you to the beauty, charm, and unique experiences that await you on this extraordinary island.

https://youtu.be/AOP1YEOeHHg

With your continued support and unwavering belief, together, we will witness Maui’s triumphant resurgence. It will once again shine as a symbol of resilience, beauty, and endless possibilities.

With Warm Aloha

Bob, Donna and Clint Hansen of the Hansen Ohana

Maui Luxury Real Estate LLC

Maui Grieving

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Maui Fire’s Update

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Maui Luxury Real Estate LLC ~ The Hansen Ohana. ~ Maui Update

Aloha All,

We are grateful to all of you for your support over the years.

We know that you have probably heard about the devastating wildfires on Maui. With the hurricane passing well south of Hawaii, and a huge high-pressure area to the North, it did create 70 to 80 mile per hour winds. Along with a long drought this created perfect conditions for a devastating wildfire. It happened. In Kula and Makawao area fires broke out which threatened to destroy a lot of property. Fortunately, our fire department was able to minimize the damage. Kihei had fires break out but again the fire department was able to keep damage from spreading out further. Lahaina was not so fortunate. Historic Lahaina Town was completely destroyed. As of today 8/14/23 there were 96 known deaths and over 2700 homes gone. People died in their cars trying to escape. Otheres were diving into the ocean to escape the flames. Most were saved by the few boats that were able to escape the flames that swept over the town and the harbor.

To assist those who are searching for their property, Clint was able to take a lot of videos so that populations could view the different areas damaged. Many people have been able to view the areas where their property is located to see if it remains standing or has been burned. This allows those affected to avoid physically viewing their properties to know if they should return to the property or remain away during these chaotic times. For many on the Mainland unable to return, they also can view their areas of concern.

Below are links to various neighborhoods and an interview with two survivors. It is unreal. They are split into short clips to show the different areas of the Lahaina destruction.

https://www.facebook.com/watch?v=6590040087744475

https://www.facebook.com/watch/?v=1360851161442150&extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&mibextid=2Rb1fB&ref=sharing

https://www.facebook.com/watch/?v=149160868216410&extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&mibextid=2Rb1fB&ref=sharing

https://www.facebook.com/watch/?v=296825089594091&extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&mibextid=2Rb1fB&ref=sharing

https://www.facebook.com/watch/?v=833371981367750&extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&mibextid=2Rb1fB&ref=sharing

https://www.facebook.com/watch/?v=1638184106675688&extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&mibextid=2Rb1fB&ref=sharing

https://www.facebook.com/watch/?v=6401422123267903&extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&mibextid=2Rb1fB&ref=sharing

https://www.facebook.com/watch/?v=312010714529172&extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&mibextid=2Rb1fB&ref=sharing

This next one is an interview with survivrs of the Lahaina Fire and how they helped. It is unbelievable.

https://www.facebook.com/watch/?v=3128403174131085&extid=N- -UNK-UNK-IOS_GK0T-GK1C&mibextid=2Rb1fB&ref=sharing

Certainly, it’s evident that the process of restoring Lahaina Town and the other areas impacted by these devastating fires will span over several years and require a significant amount of effort and support. Our hearts ache for the lives lost during this tragic event.

It holds significance to bear in mind that Maui still possesses untouched regions where its tropical splendor thrives. While these are challenging times, the enduring spirit of Aloha on Maui remains vibrant. Your support is invaluable and can be directed towards Https://MAUIUnitedWay.org/disasterrelief

If you would like a copy of our newsletter to share let us know at dad@mauirealestate.net

Bob Hansen PB R(B) 808-283-9456 RB-17532

Clint Hansen BIC R(B) 808-280-2764 RB-21616

Donna D. Hansen R(S) 808-280-1650 RS-49765