Form RI-1041 Schedule M "Ri Modifications to Federal Total Income" - Rhode Island

What Is Form RI-1041 Schedule M?

This is a legal form that was released by the Rhode Island Department of Revenue - a government authority operating within Rhode Island.The document is a supplement to Form RI-1041, Fiduciary Rate Worksheet. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

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  • Fill out the form in our online filing application.

Download a fillable version of Form RI-1041 Schedule M by clicking the link below or browse more documents and templates provided by the Rhode Island Department of Revenue.

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Download Form RI-1041 Schedule M "Ri Modifications to Federal Total Income" - Rhode Island

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State of Rhode Island and Providence Plantations
2018 RI Schedule M for RI-1041 - page 1
18100999990101
RI Modifications to Federal Total Income
Name of estate or trust shown on Form RI-1041
Federal employer identification number
NOTE: For each modification being claimed you must enter the modification amount on the corresponding modification line and attach
documentation supporting your modification. Otherwise, the processing of your return may be delayed. Refer to the instructions for
more information on each modification. If a modification is not listed below, it is not valid and, therefore, not allowable.
MODIFICATIONS DECREASING FEDERAL TOTAL INCOME
Income from obligations of the US government included in Federal Total Income but exempt from state in-
1a
1a
come taxes reduced by investment interest on the obligations taken as a federal itemized deduction...............
b
Rhode Island fiduciary adjustment as beneficiary of an estate or trust under RIGL §44-30-17..................... 1b
c
Elective deduction for new research and development facilities under RIGL §44-32-1................................. 1c
d
Railroad Retirement benefits paid by the Railroad Retirement Board............................................................ 1d
e
Qualifying investment in a certified venture capital partnership under RIGL §44-43-2.................................. 1e
Family Education Accounts under RIGL §44-30-25.......................................................................................
1f
Tuition Saving Program contributions (section 529 accounts) under RIGL §44-30-12.
g
1g
Not to exceed $500 ($1,000 if joint return).....................................................................................................
h
Exemptions from tax on profit or gain for writers, composers and artists under RIGL §44-30-1.1.................
1h
Bonus depreciation taken on the Federal return that has not yet been subtracted from Rhode Island
i
1i
income under RIGL §44-61-1.........................................................................................................................
j
Section 179 depreciation taken on the Federal return that has not yet been subtracted from Rhode Island
1j
under RIGL §44-61-1.1..................................................................................................................................
k
Modification for performance based compensation realized by an eligible employee under the Jobs
1k
Growth Act under RIGL §42-64.11-4..............................................................................................................
Modification for exclusion for qualifying option under RIGL §44-39.3 AND modification for exclusion for quali-
l
1l
fying securities or investment under RIGL §44-43-8..............................................................................................
m
Modification for Tax Incentives for Employers under RIGL §44-55-4.1.......................................................... 1m
Tax Credit income reported on Federal return exempt for Rhode Island purposes under RIGL §44-31.2-9,
n
1n
RIGL §44-31.3-2, RIGL §44-33.2-3(e)(2) and RIGL §44-33.6-3(f)................................................................
o
Active duty military pay of Nonresidents stationed in Rhode Island and income for services performed in
1o
Rhode Island by the servicemember’s spouse...............................................................................................
p
Scituate Medical Savings Account contributions taxable on the Federal Return but exempt from Rhode Island
1p
under RIGL §44-30-25.1(d)(3)(i)..................................................................................................................................
Amounts of insurance benefits for dependents and domestic partners included in Federal Total Income
q
1q
pursuant to chapter 12 of title 36 or other coverage plan under RIGL §44-30-12(c)(6)................................
r
Modification for Organ Transplantation for specific unreimbursed expenses incurred by Rhode Island
Resident pursuant to RIGL §44-30-12(c)(7)..................................................................................................
Modification for Rhode Island Resident business owner in certified enterprise zone under RIGL §42-64.3-7
s
1s
t
1t
Primary
Spouse
Modification for taxable Social Security
/
/
/
/
u
1u
Date of Birth
Date of Birth
income under RIGL §44-30-12(c)(8)
(Required)
(Required)
Primary
Spouse
Modification for taxable Retirement
/
/
/
/
v
income from certain pension plans or
Date of Birth
Date of Birth
1v
1v
annuities under RIGL §44-30-12(c)(9)
(Required)
(Required)
w
1w
State of Rhode Island and Providence Plantations
2018 RI Schedule M for RI-1041 - page 1
18100999990101
RI Modifications to Federal Total Income
Name of estate or trust shown on Form RI-1041
Federal employer identification number
NOTE: For each modification being claimed you must enter the modification amount on the corresponding modification line and attach
documentation supporting your modification. Otherwise, the processing of your return may be delayed. Refer to the instructions for
more information on each modification. If a modification is not listed below, it is not valid and, therefore, not allowable.
MODIFICATIONS DECREASING FEDERAL TOTAL INCOME
Income from obligations of the US government included in Federal Total Income but exempt from state in-
1a
1a
come taxes reduced by investment interest on the obligations taken as a federal itemized deduction...............
b
Rhode Island fiduciary adjustment as beneficiary of an estate or trust under RIGL §44-30-17..................... 1b
c
Elective deduction for new research and development facilities under RIGL §44-32-1................................. 1c
d
Railroad Retirement benefits paid by the Railroad Retirement Board............................................................ 1d
e
Qualifying investment in a certified venture capital partnership under RIGL §44-43-2.................................. 1e
Family Education Accounts under RIGL §44-30-25.......................................................................................
1f
Tuition Saving Program contributions (section 529 accounts) under RIGL §44-30-12.
g
1g
Not to exceed $500 ($1,000 if joint return).....................................................................................................
h
Exemptions from tax on profit or gain for writers, composers and artists under RIGL §44-30-1.1.................
1h
Bonus depreciation taken on the Federal return that has not yet been subtracted from Rhode Island
i
1i
income under RIGL §44-61-1.........................................................................................................................
j
Section 179 depreciation taken on the Federal return that has not yet been subtracted from Rhode Island
1j
under RIGL §44-61-1.1..................................................................................................................................
k
Modification for performance based compensation realized by an eligible employee under the Jobs
1k
Growth Act under RIGL §42-64.11-4..............................................................................................................
Modification for exclusion for qualifying option under RIGL §44-39.3 AND modification for exclusion for quali-
l
1l
fying securities or investment under RIGL §44-43-8..............................................................................................
m
Modification for Tax Incentives for Employers under RIGL §44-55-4.1.......................................................... 1m
Tax Credit income reported on Federal return exempt for Rhode Island purposes under RIGL §44-31.2-9,
n
1n
RIGL §44-31.3-2, RIGL §44-33.2-3(e)(2) and RIGL §44-33.6-3(f)................................................................
o
Active duty military pay of Nonresidents stationed in Rhode Island and income for services performed in
1o
Rhode Island by the servicemember’s spouse...............................................................................................
p
Scituate Medical Savings Account contributions taxable on the Federal Return but exempt from Rhode Island
1p
under RIGL §44-30-25.1(d)(3)(i)..................................................................................................................................
Amounts of insurance benefits for dependents and domestic partners included in Federal Total Income
q
1q
pursuant to chapter 12 of title 36 or other coverage plan under RIGL §44-30-12(c)(6)................................
r
Modification for Organ Transplantation for specific unreimbursed expenses incurred by Rhode Island
Resident pursuant to RIGL §44-30-12(c)(7)..................................................................................................
Modification for Rhode Island Resident business owner in certified enterprise zone under RIGL §42-64.3-7
s
1s
t
1t
Primary
Spouse
Modification for taxable Social Security
/
/
/
/
u
1u
Date of Birth
Date of Birth
income under RIGL §44-30-12(c)(8)
(Required)
(Required)
Primary
Spouse
Modification for taxable Retirement
/
/
/
/
v
income from certain pension plans or
Date of Birth
Date of Birth
1v
1v
annuities under RIGL §44-30-12(c)(9)
(Required)
(Required)
w
1w
State of Rhode Island and Providence Plantations
2018 RI Schedule M for RI-1041 - page 2
18100999990102
RI Modifications to Federal Total Income
Name of estate or trust shown on Form RI-1041
Federal employer identification number
Refer to the instructions for RI Schedule M for more detailed information on each of the modifications listed below.
If a modification is not listed, it is not an allowable Rhode Island adjustment to Federal Total Income.
MODIFICATIONS INCREASING FEDERAL TOTAL INCOME
Income from obligations of any state or its political subdivisions, other than Rhode Island under RIGL
2a
2a
§44-30-12(1) and RIGL §44-30-12(2)............................................................................................................
b
Rhode Island fiduciary adjustment as beneficiary of an estate or trust under RIGL §44-30-17.....................
2b
c
Recapture of Family Education Account modifications under RIGL §44-30-25(g).........................................
2c
Bonus depreciation taken for federal purposes that must be added back to Rhode Island income under
d
2d
RIGL §44-61-1................................................................................................................................................
e
Recapture of Tuition Saving Program modifications (section 529 accounts) under RIGL §44-30-12(4)..............
2e
Recapture of tax credit income previously claimed as a modification decreasing Federal Total Income
f
2f
under RIGL §44-31.2-9, RIGL §44-31.3-2, RIGL §44-33.2-3(e)(2) and RIGL §44-33.6-3(f).........................
g
Recapture of Scituate Medical Savings Account modifications under RIGL §44-30-25.1(d)(3)(i).................
2g
h
Total modifications INCREASING Federal Total Income. Add lines 2a through 2g. Enter here and on
2h
RI-1041, page 1, line 2...................................................................................................................................
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