2022 1041 Instructions_v2

WHO MUST FILE

The fiduciary of a RESIDENT estate or trust must file a return on Form

RI-1041 if the estate or trust:

(1) is required to file a federal income tax return for the taxable year, or

(2) had any Rhode Island taxable income for the taxable year.

The fiduciary of a NONRESIDENT estate or trust must file a return on

Form RI-1041 if the estate or trust had income or gain derived from Rhode

Island sources.

DEFINITIONS

A RESIDENT ESTATE is the estate of a decedent who at his or her death

was a resident individual of Rhode Island.

A RESIDENT TRUST means, to the extent that one or more beneficiaries

are residents in Rhode Island:

(A) A trust created by a will of a decedent who at his or her death was a

resident individual of Rhode Island, or

(B) A revocable trust which becomes irrevocable upon the occurrence of

any event (including death) which terminates a person's power to

revoke, but only after the event, and only if the person having the power

to revoke was a Rhode Island resident individual at the time of such

event, or

person who is a resident individual in this state at the time the trust was

created or the property contributed (a) while such person is alive and a

resident individual in this state, and (b) after such person's death if such

person died a resident individual of this state, or

(D) An electing small business trust under regulation 1.641(c)-1 of the

Internal Revenue Code,

(E) In cases A, B and C such trust is only a resident trust to the extent that the

beneficiaries are Rhode Island residents.

WHAT SCHEDULES TO COMPLETE

All estates and trusts must complete Schedule I. If the trust has a non-

resident beneficiary, follow the instructions for a nonresident estate or trust.

Resident Estates and Trusts:

(1) Complete Schedule I and enter 1.0000 on page 1, line 9.

(2) If the estate or trust is claiming credit for income taxes paid to another

state, complete Schedules I and III.

Nonresident Estates or Trusts:

(1) If the taxable income of the estate or trust is derived solely from Rhode

Island sources, complete Schedule I and enter 1.0000 on page 1, line 9.

(2) If the estate or trust has taxable income both within and without Rhode

Island, complete Schedules I and II.

PERIODS TO BE COVERED

The fiduciary taxable year for Form RI-1041 shall be the same as the fed-

eral taxable year.

PAYMENTS OR REFUNDS

PAYMENTS: Any tax due must be paid in full with the return. Make check

or money order payable to the Rhode Island Division of Taxation. An amount

due of less than five dollars ($5) need not be paid.

REFUNDS: If an overpayment of income tax is shown on the return, a

refund will be issued unless indicated on the return that such overpayment

is to be credited to the fiduciary's estimated tax liability for 2023. No other

application for refund is necessary. Please note that no refund can be

issued unless the return is properly signed. Refunds of less than $5.00 will

not be paid unless specifically requested.

SIGNATURE

The Rhode Island Fiduciary Income Tax Return must be signed. An

unsigned return cannot be processed. Any paid preparer who prepares a

taxpayer's return must also sign as "preparer". If a firm or corporation pre-

pares the return, it should be signed in the name of the firm or corporation.

ACCOUNTING PERIODS AND METHODS

The accounting period for which Form RI-1041 is filed and the method of

accounting used are the same as for federal income tax purposes. If the

taxable year or the method of accounting is changed for federal income tax

purposes, such change applies similarly to the Rhode Island fiduciary return.

REPORT OF CHANGE IN FEDERAL

TAXABLE INCOME

If the amount of the federal taxable income is changed or corrected by

the Federal Government, the fiduciary must report to the Rhode Island

Division of Taxation such change or correction within 90 days after the final

determination of such change or correction. Any fiduciary filing an amended

federal income tax return must also file within 90 days thereafter an amend-

ed Rhode Island return.

WHEN AND WHERE TO FILE

The due date is April 15, 2023 for returns filed for the calendar year 2022

and the 15th day of the fourth month following the close of the taxable year

for returns filed for a year ending other than December 31.

Mail your return to:

Rhode Island Division of Taxation

One Capitol Hill

Providence, RI 02908-5807

EXTENSION OF TIME

Any extension of time granted for filing a Rhode Island Fiduciary Income

Tax Return shall not operate to extend the time for the payment of any tax

due on such return.

In General -

(1) A fiduciary that is required to file a Rhode Island Fiduciary Income Tax

Return shall be allowed an automatic five and a half month extension of

time to file such return.

(2) An application must be prepared in duplicate on Form RI-8736.

(3) The original of the application must be filed on or before the date pre-

scribed for the filing of the return of the fiduciary with the Rhode Island

Division of Taxation.

(4) Such application for extension must show the full amount properly

estimated as tax for such fiduciary for such taxable year, and such applica-

tion must be accompanied by the full remittance of the amount properly esti-

mated as tax which is unpaid as of the date prescribed for the filing of the

return.

NOTE: If no payment is required to be made with the Rhode Island

extension form and the fiduciary is filing a federal extension form for the

same period of time, the fiduciary does not need to submit the Rhode

Island form. Attach a copy of the Federal Form 7004 to the Rhode Island

Fiduciary Income Tax Return at the time it is submitted.

WHERE TO GET FORMS

Additional forms and instructions may be obtained from:

The website: www.tax.ri.gov

The Division of Taxation: (401) 574-8970

INTEREST

Any tax not paid when due, including failure to pay adequate estimated

tax, is subject to interest at the rate of 12.00% (0.1200) per annum.

Interest on refunds of tax overpayments will be paid if the refund is not

paid within 90 days of the due date or the date the completed return was

filed, whichever is later. The interest rate for tax overpayments is 6.25%

(0.0625).

2022 RI-1041 FIDUCIARY INCOME TAX RETURN

GENERAL INSTRUCTIONS

Page I-1

PENALTIES

The law provides for penalties in the following

circumstances:

•Failure to file an income tax return.

•Failure to pay any tax due on or before

the due date.

•Preparing or filing a fraudulent income

tax return.

OTHER QUESTIONS

If you have any questions regarding comple-

tion of your return, further assistance may be

obtained by calling the Personal Income Tax

Section at (401) 574-8829 and selecting option #3.

PAYMENT BY CREDIT CARD

For information regarding the payment of taxes

by credit card, please visit the Credit Card

Payments page of the Division of Taxation’s web-

site.

http://www.tax.ri.gov/misc/creditcard.php

If you paid by credit card, enter on page 1 of

Form RI-1041 in the upper left corner the confir-

mation number you were given at the end of the

transaction and the amount of your tax payment

(not including the convenience fee).

You may also use this method for making 2023

Rhode Island estimated income tax payments.

COMPLETE THE FEDERAL INCOME TAX RETURN FIRST

The Federal Fiduciary Income Tax Return is the basis for preparing your

Rhode Island Fiduciary Income Tax Return. In general, the Rhode Island fidu-

ciary income tax is based on the fiduciary's federal total income. Accuracy

and attention to detail in completing the return in accordance with these

instructions will facilitate the processing of your tax return.

Type of Return - Indicate by checking the appropriate box what type of return

you are preparing. If you are preparing a bankruptcy estate, see the 2022

Rhode Island Fiduciary Tax Rate Schedules for instructions on how to file.

Names, Address and Federal Employer Identification Number - Make

sure the names, address and federal employer identification number on the

return are correct. Incorrect entries could delay the processing of your return.

Year End - Indicate by checking the appropriate box whether the fiduciary is

a calendar or fiscal year filer. If the fiduciary is a fiscal year filer, indicate the

beginning and the year-end of the fiduciary in the space provided. Only fidu-

ciaries with a fiscal year beginning in 2022 may use this form.

Line 1 - Federal Total Income of Fiduciary:

Enter the amount of income from Federal Form 1041, line 9.

Line 2 - Modifications Increasing Federal Total Income: Enter the amount

of modifications increasing federal total income from RI Schedule M for RI-

1041 - page 2, line 2l.

Line 3 - Modifications Decreasing Federal Income: Enter as a negative

number the amount of modifications decreasing federal income from RI

Schedule M for RI-1041 - page 1, line 1w.

Line 4 - Net Modifications: Combine lines 2 and 3.

Line 5 - Modified Federal Total Income: Combine lines 1 and 4. Add net

increases or subtract net decreases, whichever applies.

Line 6 - Federal Total Deductions: Enter the amount of federal deductions

from Federal Form 1041, lines 16 and 22.

However, if the fiduciary claimed modifications to federal total income,

the fiduciary may need to recalculate the federal total deductions based

on the fiduciary's modified federal total income. Attach a copy of the cal-

culation to the return.

The amounts included in Federal Form 1041, line 16 should only be included

on Form RI-1041, line 6 if the costs are paid or incurred in connection with the

administration of the estate or trust, and would not have been incurred had the

property not been held in the estate or trust.

In addition, the domestic production activity deduction and the net operating

loss deduction may be included on Form RI-1041, line 6 to the extent they

are included in Federal Form 1041, line 16.

The net operating loss deduction may not be carried back for Rhode Island

purposes, but will be allowed as a carry forward on Form RI-1041 to the extent

the carry forward was used on Federal Form 1041.

Line 7 - Rhode Island Taxable Income: Subtract line 6 from line 5.

Line 8 - Rhode Island Income T

ax: Enter the Rhode Island income tax from

the RI Fiduciary Tax Computation Worksheet.

Line 9 - Allocation: Nonresident estates or trusts enter the amount from page

2, Schedule II, line 34. Resident estates or trusts enter 1.0000.

Line 10 - RI Income Tax After Allocation: Multiply the amount on line 8 by

the percentage on line 9.

Line 11 - Credit For Income Taxes Paid To Other States: Resident estates

or trusts only. Enter the amount from page 2, Schedule III, line 41.

Line 12 - Other RI Credits: Enter the amount of RI credits from RI Schedule

CR for RI-1041, line 8. Enter the amount of each credit in the space provided

and attach each required credit certificate or carry forward schedule to Form

RI-1041.

Line 13 - Total RI Credits: Add lines 11 and 12.

Line 14a - Rhode Island Income Tax after Rhode Island Credits: Subtract

line 13 from line 10. (If zero or less, enter zero.)

Line 14b - Recapture of Prior Y

ear Other Rhode Island Credits: Enter

amount of Credit Recapture from RI Schedule CR for RI-1041, line 11.

Line 14c – Electing Small Business Trust Tax: Enter the amount of

Electing Small Business Trust income attributable to Rhode Island multiplied

by the highest marginal income tax rate of 5.99%. The taxable income of the

S-portion is determined by taking into account the Rhode Island source

income of items of income, loss, deduction or credit and applying the highest

marginal income tax rate.

Line 14d – Total Rhode Island Tax: Add lines 14a, 14b and 14c.

Line 15a - RI Income Tax Withheld: Enter total amount of Rhode Island 2022

income tax withheld from RI Schedule W for RI-1041, line 16. (Attach the

state copy of all forms W-2, 1099s, etc. showing Rhode Island withholding to

the front of the return.) Credit for Rhode Island income tax withheld will be

allowed only for those amounts supported by attached W-2s, 1099s, etc.

Withholding from a pass-through entity reported on a RI-1099PT should be

entered on Schedule W and included in the amount for Line 15a.

RI Schedule W for RI-1041, and all forms W-2, 1099s, etc showing Rhode

Island withholding must be attached to Form RI-1041.

Line 15b - Payments on 2022 Form RI-1041ES and Credits Carried

Forward From 2021: Enter the amount of estimated payments on 2022 Form

RI-1041ES and the amount applied from the fiduciary's 2021 return.

Line 15c - Nonresident Real Estate Withholding: Enter the amount of Rhode

Island income tax withheld on sales of real estate located in Rhode Island.

Line 15d - Other Payments: Enter any other payments, including advance

SPECIFIC LINE INSTRUCTIONS

Page I-2

payments made with the fiduciary's application for an automatic extension of

time to file (Form RI-8736). Attach a copy of Form RI-8736 to Form RI-1041.

Line 15e - Total Payments: Add lines 15a, 15b, 15c and 15d.

Line 16a - Amount Due: If the amount on line 14d is greater than the amount

on line 15e, SUBTRACT line 15e from line 14d and enter the balance due on

line 16a.

Line 16b - Underestimating Interest: If the fiduciary owes underestimating

interest, complete Form RI-2210, check the box and indicate the amount of

interest due on line 16b.

Line 16c - Total Amount Due: Add lines 16a and 16b. This is the total

amount the fiduciary owes. This amount is payable in full with the return. An

amount due of less than five dollars ($5) need not be paid.

Line 17 - Overpayment: If the amount on line 15e is greater than the amount

on line 14d, subtract line 14d from line 15e and enter the overpayment on line

17.

If there is an amount due on line 16b for underestimating interest, subtract line

16b from line 17.

If the amount of underestimating interest on line 16b is more than the amount

of overpayment from line 17, subtract line 17 from line 16b and enter the

result on line 16c.

Line 18 - Refund: Enter the amount of the overpayment on line 17 that is to

be refunded. Refunds of less than $5.00 will not be paid unless specifically

requested.

Line 19 - Overpayment to be applied to 2023: Enter the amount of overpay-

ment on line 17, which is to be applied to the fiduciary's 2023 estimated tax.

Lines 20 through 22 - Beneficiary Information Enter in lines 20 through 22

the name, address, state of residence and social security number of each

beneficiary. If additional space is required, attach a supporting schedule con-

taining the required information.

Lines 23 through 30 - Allocation and Modification

Column A - Percent of Ownership: Enter in column A the percentage of

ownership of each beneficiary.

Column B - Federal Income: Enter in column B the amount of federal

income attributable to each of the beneficiaries and the fiduciary. Multiply the

percent of ownership in column A by the fiduciary's total federal income from

RI-1041, page 1, line 1.

Column C - Modifications to Federal Income: Enter in column C the

amount of modifications to the income reported in column B for each of the

beneficiaries and the fiduciary. Multiply the percent of ownership in column A

by the fiduciary's net modifications from RI-1041, page 1, line 4.

Column D - Modified Federal Income: Combine columns B and C. Add net

increases or subtract net decreases.

Column E - Rhode Island Source Income: Enter in column E the amount of

Rhode Island source income included in the following column:

Nonresidents: Enter the amount of Rhode Island source income included in

column B. Examples of Rhode Island source income include business con-

ducted in RI, RI rental property, wages earned in RI and sale or exchange of

RI property.

Residents: Enter the amount from column D in column E.

Line 31, Columns B through E - Total: Add the amounts in each column and

enter the total on line 31 of each column.

Line 32 - Modifications to RI Source Income: Enter the amount of modifi-

cations in column C included in Rhode Island source income reported on line

31, column E.

Line 33 - Modified RI Source Income: Combine lines 31, column E and line

32. Add net increases or subtract net decreases.

Line 34 - RI Allocation: Divide line 33 by line 31, column D (not greater than

1.000). Enter here and on page 1, line 9.

This schedule pertains only to the fiduciary of a resident estate or trust. The

fiduciary of a resident estate or trust is entitled to a credit against its RI tax lia-

bility for income taxes paid to other states. The credit cannot exceed the RI

tax on line 8.

If you are claiming credit for income taxes paid to more than one state,

use Form RI-1041MU, Credit for Income Taxes Paid to Multiple States.

Enter the applicable amounts from Form(s) RI-1041MU onto this schedule.

Form RI-1041MU is available on our website, www.tax.ri.gov or by contacting

the Rhode Island Division of Taxation at (401) 574-8970.

Line 35 - Rhode Island Income Tax: Enter the amount from page 1, line 8.

Line 36 - Income From Other State: Enter the amount of income reported to

the other state.

If state income tax has been paid to more than one other state, prepare a sep-

arate calculation for each state on Form RI-1041MU. Enter the amount of

income from other states from Form RI-1041MU, line 29.

If you need to use more than one Form RI-1041MU, add all of the line 29

amounts together and enter the total amount on line 36.

Line 37 - Modified Federal Total Income: Enter the amount from page 1,

line 5.

Line 38 - Divide line 36 by line 37.

Line 39 - Multiply line 35 by line 38.

Line 40 - Tax Due and Paid To Other State: Enter the amount of tax due and

paid to the other state.

If state income tax has been paid to more than one other state, prepare a sep-

arate calculation for each state, on Form RI-1041MU. Enter the amount of

credit from Form RI-1041MU, line 30.

If you need to use more than one Form RI-1041MU, add all of the line 30

amounts together and enter the total amount on line 40.

In the space provided for the name of state to which income taxes were due

and paid enter “MU”.

NOTE: You must attach a signed copy of the return filed with the other

state(s). If you owe no tax to the other state(s) and are to be refunded

all the taxes withheld or paid to the other state(s), enter $0.00 on line 40.

If included on a composite filing in another state(s), you must attach a

copy of the composite filing(s) showing your income and the taxes paid

on your behalf.

SCHEDULE I

BENEFICIARY INFORMATION

SCHEDULE II

ALLOCATION AND MODIFICATION

SCHEDULE III

CREDIT FOR INCOME TAXES

PAID TO ANOTHER STATE

Page I-3

Line 41 - Maximum Tax Credit: Enter the SMALLER of lines 35, 39 or 40.

Enter here and on page 1, line 11.

If claiming Rhode Island income tax withheld on Form RI-1041, page 1, line

15a, RI Schedule W for RI-1041 must be completed and attached along with

all W-2s and 1099s showing Rhode Island withholding.

Lines 1 - 15:

Please complete columns A, B, C and D for each W-2 and 1099 showing

Rhode Island withholding.

Column A: For all 1099s being entered, enter the letter code from the chart

on the bottom of Schedule W. Leave blank if information being entered is from

a W-2

Column B: For each W-2 or 1099 being entered, enter the name of the

employer or payer.

Column C: For each W-2, enter the employer’s state identification number

from box 15 of the W-2. Note: The state identification number may be different

than the employer’

s federal identification number. Be sure to enter the identi-

fication number from box 15, rather than box b of the W-2. For each 1099,

enter the payer’s federal identification number.

DO NOT ENTER MORE THAN 9 DIGITS FOR THE ID NUMBER. IF “00”

FOLLOWS THE 9 DIGIT ID NUMBER, DO NOT ENTER THE “00”.

Column D: For each W-2 or 1099, enter the amount of Rhode Island with-

holding as shown on each form. See chart on Schedule W for box reference.

Line 16 - T

otal Rhode Island Income Tax Withheld. Add the amounts from

Column D, lines 1 through 15. Enter the total here and on RI-1041, line 15a.

Line 17 - Enter the number of W-2s and 1099s entered on lines 1-15 showing

Rhode Island income tax withheld.

Schedule W plus all W-2s and 1099s with Rhode Island withholding must be

attached to your Rhode Island return in order to receive credit for your Rhode

Island withholding tax amount.

Modifications

DECREASING

Federal Total Income:

Line 1a – Enter income from obligations of the United States Government to

the extent included in total income for federal tax purposes but exempt for

state purposes. However, this amount shall be reduced by any investment

interest incurred or continued on the obligation which has been taken as a

federal itemized deduction. Example – US Government Series E bond inter-

est. Taxpayers claiming these modifications must submit a schedule showing

the source and amount of income claimed to be exempt. RIGL §44-30-

12(c)(1)

Line 1b – Rhode Island fiduciary adjustment under RIGL §44-30-17. A fiduciary

adjustment is allowed for a beneficiary for income that maintains its character as it

flows from the fiduciary. For example, if the estate or trust has tax exempt interest,

the beneficiary would be allowed an adjustment for the tax exempt interest and

would list that fiduciary adjustment on this line.

Line 1c – Elective deduction for new research and development facilities

under RIGL §44-32-1

Line 1d – Railroad Retirement benefits included in gross income for federal

income tax purposes but exempt from state income taxes under the laws of

the United States.

Line 1e – Qualifying investment in a certified venture capital partnership

under RIGL §44-43-2.

Line 1f – Family Education Accounts under RIGL §44-30-25(f).

Line 1g – Tuition Saving Program (section 529 accounts) RIGL §44-30-

12(c)(4) - A modification decreasing federal adjusted gross income may be

claimed for any contributions made to a Rhode Island account under the

tuition savings program. The maximum modification shall not exceed $500,

$1,000 if a joint return.

Line 1h – Exemptions from tax on profit or gain for writers, composers and

artists residing within a section of the defined Economic Development Zone

as defined in RIGL §44-30-1.1 within the cities of Newport, Providence,

Pawtucket, Woonsocket or Warwick, or the Towns of Little Compton, Tiverton,

Warren or Westerly and creating artistic works while a resident of the Zone.

Taxpayers claiming these modifications must submit a schedule showing the

source and amount of income claimed to be exempt.

Line 1i – Depreciation that has not been taken for federal purposes because

of the bonus depreciation that must be subtracted from Rhode Island income

- RIGL §44-61-1.

Line 1j – Depreciation that has not been taken for federal purposes because

of the increased section 179 depreciation was not taken originally - RIGL §44-

61-1.1.

Line 1k – Allowable modification for performance based compensation real-

ized by an eligible employee under the Rhode Island Jobs Growth Act under

RIGL §42-64.11-4.

Line 1l – Modification for exclusion for qualifying option under RIGL §44-39.3-

1 AND modification for exclusion for qualifying securities or investments

under RIGL §44-43-8.

Line 1m – Modification for Tax Incentives for Employers under RIGL §44-55-

4.1.

Line 1n – Tax credit income claimed on Federal return exempt for Rhode

Island purposes: Historic Structures-Tax Credit income under RIGL §44-33.2-

3(e)(2),Historic Preservation Tax Credits 2013 income under RIGL §44-31.2-

9(c), Motion Picture Production Company Tax Credit income or Musical and

Theatrical Production Tax Credit under RIGL §44-31.3-2(b)(6)

Line 1o – Active duty military pay of Nonresidents stationed in Rhode Island,

as well as the income of their nonresident spouses for services performed in

Rhode Island. Income for services performed by the servicemember’s

spouse in Rhode Island would be exempt from Rhode Island income tax only

if the servicemember’s spouse moves to Rhode Island solely to be with the

servicemember complying with military orders sending him/her to Rhode

Island. The servicemember and the servicemember’s spouse must also

share the same non-Rhode Island domicile.

Not all income earned by the servicemember or his/her spouse is exempt

from Rhode Island income tax. Non-military pay of the servicemember, as

well as business income, gambling winnings or income from the ownership or

disposition of real or tangible property earned from Rhode Island by either the

servicemember or his/her spouse is still subject to Rhode Island income tax.

Note: The military servicemember and/or his/her spouse may be asked to

submit proof of residency to support taking this modification.

Line 1p – Recapture of Scituate Medical Savings Account modifications

under RIGL §44-30-25.1(d)(1).

Line 1q – Amounts of insurance benefits for dependents and domestic part-

ners included in Federal AGI pursuant to chapter 12 of title 36 or other cover-

age plan - RIGL §44-30-12(c)(6).

Line 1r – Rhode Island full-year residents only. Up to $10,000 in unreim-

bursed expenses for travel, lodging and lost wages incurred by an individual

as a result of the individual donating one or more of his/her organs to another

human being for organ transplantation under RIGL §44-30-12(c)(7).

Modification can only be taken once during the lifetime of the individual and is

taken in the year that the human organ transplantation occurs.

SCHEDULE W FOR RI-1041

RHODE ISLAND W2 AND

1099 INFORMATION

RI SCHEDULE M FOR RI-1041

RI MODIFICATIONS TO

FEDERAL TOTAL INCOME

Page I-4

Line 1s - Taxable Social Security income under RIGL §44-30-12(c)(8). Use

the Social Security Modification worksheet to determine the amount of taxable

social security income allowed as a decreasing modification. The Social

Security Modification worksheet is available on our website, www.tax.ri.gov.

NOTE: THIS MODIFICATION IS NOT FOR ESTATES OR TRUSTS - FOR

INDIVIDUALS ONLY

Line 1t - Modification up to $15,000 for taxable retirement income from cer-

tain pension plans or annuities under R.I. Gen. Laws §44-30-12(c)(9).

NOTE: THIS MODIFICATION IS NOT FOR ESTATES OR TRUSTS - FOR

INDIVIDUALS ONLY

Line 1u – Deduction for Pass-Through Entity Tax clamined in prior years.

NOTE: THIS MODIFICATION IS NOT FOR ESTATES OR TRUSTS - FOR

INDIVIDUALS ONLY

Line 1v – Modifications for Child Tax Rebate under RIGLE §44-30-103.

NOTE: THIS MODIFICATION IS NOT FOR ESTATES OR TRUSTS - FOR

INDIVIDUALS ONLY

Line 1w – Total Modifications Decreasing Federal Total Income: Add

lines 1a through 1v. Enter as a negative number here and on page 1, Form

RI-1041, line 3.

Modifications INCREASING

Federal Total Income:

Line 2a – Enter income from obligations of any state or its political subdivi-

sion, other than Rhode Island under RIGL §44-30-12(b)(1) and §44-30-

12(b)(2).

Line 2b – Rhode Island fiduciary adjustment under RIGL §44-30-17. A fiduciary

adjustment is allowed for a beneficiary for income that maintains its character as it

flows from the fiduciary. For example, if the estate or trust has municipal bond inter-

est from a state other than Rhode Island, the beneficiary would be allowed an

adjustment for that municipal bond interest and would list that fiduciary adjustment

on this line.

Line 2c – Recapture of Family Education Account Modifications under RIGL

§44-30-25(g).

Line 2d – Bonus depreciation that has been taken for federal purposes that

must be added back to Rhode Island income under RIGL §44-61-1.

Line 2e – Recapture of Tuition Savings Program modifications (section 529

accounts) under RIGL §44-30-12(b)(4).

Line 2f – Recapture of tax credit income previously claimed as a modification

decreasing Federal AGI for Historic Structures - Tax Credit, Historic

Preservation Tax Credits 2013, Motion Picture Production Company Tax

Credits or Musical and Theatrical Production Tax Credits under RIGL §44-

33.2-3(e)(2), RIGL §44-33.6-3(f), RIGL §44-31.2-9(5) and RIGL §44-31.3-2,

respectively.

Line 2g – Recapture of Scituate Medical Savings Account modifications

under RIGL §44-30-25.1(d)(3)(i).

Line 2h – If you and/or your spouse, if applicable, are a member or partner

of a pass-through entity that has elected to pay Rhode Island tax on Form

RI-PTE, enter the amount of tax paid on your behalf by that pass-through

entity. The amount of tax paid on your behalf must be added back to your

Federal Adjusted Gross Income. You cannot claim the amount paid on you

and/or your spouse’s, if applicable, behalf unless that same amount is also

taken as a modification increasing federal adjusted gross income.

NOTE: THIS MODIFICATION IS NOT FOR ESTATES OR TRUSTS - FOR

INDIVIDUALS ONLY

Line 2i – Unemployment compensation received but not included in federal

adjusted gross income under RIGL §44-30-12(b)(6).

NOTE: THIS MODIFICATION IS NOT FOR ESTATES OR TRUSTS - FOR

INDIVIDUALS ONLY

Line 2j – Taxable portion of Paycheck Protection Program loan amount under

RIGL §44-30-12(b)(8).

NOTE: THIS MODIFICATION IS NOT FOR ESTATES OR TRUSTS - FOR

INDIVIDUALS ONLY

Line 2k – Reserved for future use. This line should be left blank.

Line 2l – Total Modifications Increasing Federal Total Income: Add lines

2a through 2l. Enter here and on page 1, Form RI-1041, line 2.

CURRENT YEAR OTHER RI CREDITS:

This credit schedule details “Other Rhode Island Credits” being used on your

RI-1041. Each Rhode Island credit has its own line. On the appropriate line,

enter the dollar amount of the credit being taken. The total of all credits will

be entered on page 1, Form RI-1041, line 12.

Proper documentation must

be submitted for each credit you are using

or carrying forward.

If you are using amounts carried forward from prior years, attach a schedule

showing the year of credit origination and any amounts used to date.

Any missing or incomplete documentation may cause a delay in processing

your return.

Pursuant to RIGL 44-30-2.6(c)(3)(E), only the credits mentioned on

pages I-5 and I-6 are allowed as credits against Rhode Island Fiduciary

Income Tax. No other credits can be allowed. This also pertains to any

carry forward of a credit.

If the credit you are trying to use is not listed below, that credit is no longer

allowed against personal income tax. Entering an amount for an ineligible

credit on one of these lines or on an attached statement will delay the pro-

cessing of your return and result in the disallowance of the credit.

Line 1 - Historic Residence Credit - RI-0715 – for approved residence reha-

bilitation. Effective tax year 2017 and thereafter for unused carryforward

amounts only. No new credits are authorized. In order to claim any unused

credit, you must attach the original certification from the Historical

Preservation & Heritage Commission, as well as a carryforward schedule

showing the original amount of certified credit, the year of certification and the

amount of credit used since certification. The credit used should be listed by

year and amount of usage. Any unused credit may be carried forward until

used. RIGL §44-33.1

Line 2 - Tax Credits for Contributions to Scholarship Organizations - RI-

2276 - for business entities that make contributions to qualified scholarship

organizations. The entity must apply for approval of the tax credit and will

receive a tax credit certificate issued by the RI Division of Taxation. The orig-

inal certificate must be attached to the return. The credit must be used in

the tax year that the entity made the contribution. Unused amounts CANNOT

be carried forward. RIGL §44-62

Line 3 - Historic Structures - T

ax Credit (Historic Preservation

Investment Tax Credit) or Historic Preservation Tax Credits 2013 - RI-

286B – for approved rehabilitation of certified historic structures. The original

certificate must be attached to the return. Any unused credit amount may

be carried forward for ten (10) years. RIGL §44-33.2 and RIGL

§44-33.6,

respectively.

Note: This credit is for holders of a Historic Preservation Investment Tax

Credit certificate received under the state’s Historic Structures program

or Historic Preservation Tax Credits 2013 program. This credit is NOT

for owners of historic residences who qualified under the Historic

Homeownership Assistance Act - RIGL §44-33.1

Line 4 - Rhode Island New Qualified Jobs Incentive Act 2015 Credit - RI

6754 - For Rhode Island businesses creating new full-time jobs that did not

previously exist in this state. The Rhode Island business must be approved

by the Rhode Island Commerce Corporation and must possess a tax credit

RI SCHEDULE CR FOR RI-1041

OTHER RI CREDITS

Page I-5

certificate issued by the RI Division of Taxation. The original certificate

must be attached to the return. Any unused amounts may be carried for-

ward for 4 years. RIGL §44-48.3

Line 5 - Rebuild Rhode Island Tax Credit - RI 7253 - For Rhode Island busi-

nesses demonstrating that even though the business has committed capital

investment or owner equity of at least 20% of the total project cost there exists

a project financing gap which will likely cause the project not to be completed.

The Rhode Island business must be approved by the Rhode Island

Commerce Corporation and must possess a tax credit certificate issued by

the RI Division of Taxation. The original certificate must be attached to the

return. Any unused amounts may be carried forward for 4 years. RIGL §42-

64.20

Line 6 - Motion Picture Production Tax Credits or Musical and Theatrical

Production Tax Credits - RI-8201 - for certified production costs as deter-

mined by the RI Film and Television Office or the RI Division of Taxation. The

original certificate must be attached to the return. Any unused credit

amount may be carried forward for three (3) years. RIGL §44-31.2 and RIGL

§44-31.3

Line 7 - Stay Invested in RI Wavemaker Fellowship T

ax Credits - RI - 9283

- For eligible graduates working for a Rhode Island based employer in the field

of life, natural or environmental sciences: computer, information or software

technology: advanced mathematics or finance: engineering: industrial or other

commercially related design: or medicine or medical device technology. The

graduate must be approved by the Rhode Island Commerce Corporation and

must possess a tax credit certificate issued by the RI Division of Taxation.

The original certificate must be attached to the return. Any unused

amounts may be carried forward for 4 years. RIGL §42-64.26

Line 8 - TOTAL CREDITS - Add lines 1 through 7. Enter here and on RI -1041,

page 1 line 12.

RECAPTURE OF OTHER RI CREDITS:

If a Rhode Island credit amount must be recaptured, enter the credit num-

ber, the credit name, and the amount of the credit to be recaptured in the

space provided on lines 9 and 10.

Line 11 - TOTAL AMOUNT OF CREDIT TO BE RECAPTURED - Add lines

9 and 10. Enter here and on RI-1041, page 1, line 14b.

Page I-6