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State of Rhode Island Division of Taxation
RI Schedule K-1 - 2024
Taxpayer’s Share of Income, Deductions, Credits, Etc. IMAGEONLY

PASS-THROUGH ENTITY INFORMATION PARTNER/SHAREHOLDER/BENEFICIARY INFORMATION
Federal identification number: Taxpayer identification number:
Name, address, city, state and ZIP code: Name, address, city, state and ZIP code:

Entity type: S-Corp LLC Partnership INCLUDED IN COMPOSITE FILING (RI-1040C)
Fiduciary Partner/Shareholder is a Grantor Trust. Complete Section VIII
AMENDED K-1 FINAL K-1 Taxpayer’s State of Residency:

Taxpayer’s RI Apportionment Percentage: _ . _ _ _ _ _ _
Taxpayer’s Ownership Percentage: _ . _ _ _ _ _ _
Taxpayer’s share of profit (or loss): _ . _ _ _ _ _ _

SECTION I - TAXPAYER’S INCOME AND DEDUCTION INFORMATION
1 Ordinary Business Income Apportioned to Rhode Island ............................................................................................... 1
2 Interest and Dividends Apportioned to Rhode Island ...................................................................................................... 2
3 Income from the Sale or Exchange of Property Apportioned to Rhode Island ............................................................... 3
4 Rents and Royalties Apportioned to Rhode Island ......................................................................................................... 4
5 Miscellaneous Income Apportioned to Rhode Island ...................................................................................................... 5
6 Section 179 deduction Apportioned to Rhode Island ...................................................................................................... 6
7 Other deductions Apportioned to Rhode Island (see instructions) .................................................................................. 7

SECTION II - TAXPAYER’S OTHER ADDITIONS
1 Income from obligations of any state or its political subdivisions, other than Rhode Island under R.I. Gen. Laws §
44-30-12(1) and R.I. Gen. Laws § 44-30-12(2) ............................................................................................................ 1
2 Bonus depreciation that has been taken for federal purposes that must be added back to Rhode Island income
under R.I. Gen. Laws § 44-61-1 ................................................................................................................................... 2
3 Pass-through entity tax elected to be paid on your behalf by the pass-through entity under DRAFT R.I. Gen. Laws §
44-11-2.3 ...................................................................................................................................................................... 3
4 Taxable portion of Paycheck Protection Program Loan amount under R.I. Gen. Laws § 44-11-11 (see instruc-
tions)............................................................................................................................................................................ 4

SECTION III - TAXPAYER’S OTHER DEDUCTIONS
1 Income from obligations of the US government included in Federal AGI but exempt from state income taxes ........ 1
2 Elective deduction for new research and development facilities under R.I. Gen. Laws § 44-32-1 .............................. 2
3 Qualifying investment in a certified venture capital partnership under R.I. Gen. Laws § 44-43-2 ............................... 3
4 Bonus depreciation that has already been taken on the Federal return that has not yet been subtracted from
Rhode Island income under R.I. Gen. Laws § 44-61-1................................................................................................ 4
10/15/2024
5 Section 179 depreciation that has already been taken on the Federal return that has not yet been subtracted from
Rhode Island income under R.I. Gen. Laws § 44-61-1.1............................................................................................. 5
6 Tax Incentives for Employers under R.I. Gen. Laws § 44-55........................................................................................... 6
7 Cash Basis Only - Deductions for Pass-Through Entity Tax Claimed in prior year ......................................................... 7

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State of Rhode Island Division of Taxation
RI Schedule K-1 - 2024
Taxpayer’s Share of Income, Deductions, Credits, Etc. IMAGEONLY

PASS-THROUGH ENTITY INFORMATION PARTNER/SHAREHOLDER/BENEFICIARY INFORMATION
Federal identification number: Taxpayer identification number:

SECTION IV - RI SCHEDULE PTW/PTW - 1041 INFORMATION
1 Rhode Island source income included on RI Schedule PTW/PTW-1041 - Pass-through Withholding Transmittal
Schedule as part of Form RI-1041, RI-1065, or RI-1120S............................................................................................... 1
2 Pass-through withholding payment made on taxpayer’s behalf ...................................................................................... 2

SECTION V - COMPOSITE FILING INFORMATION
1 Rhode Island source income included on Form RI-1040C - composite filing ................................................................. 1
2 Composite payment made on taxpayer’s behalf ............................................................................................................ 2

SECTION VI - RI SCHEDULE PTE - PASS-THROUGH ENTITY ELECTION INFORMATION
1 Rhode Island source income included on RI Schedule PTE - Pass-through Entity Election Tax Schedule as part of
Form RI-1065 or Form RI-1120S..................................................................................................................................... 1
2 Pass-through entity election tax paid on taxpayer’s behalf on Form RI Schedule PTE................................................... 2

SECTION VII - TAXPAYER’S CREDIT BREAKDOWN

1 RI-2276 - Tax Credit for Contributions to Qualified Scholarship Organization - R.I. Gen. Laws § 44-62 ............................ 1
2 RI-286B - Historic Preservation Investment Tax Credit - R.I. Gen. Laws § 44-33.2 and Historic Preservation Tax 2
Credits 2013 - R.I. Gen. Laws § 44-33.6.......................................................................................................................
3 RI-5442 - Low-Income Housing Tax Credit - R.I. Gen. Laws § 44-71 ........................................................................... 3
4 RI-6754 - Rhode Island New Qualified Jobs Incentive Act 2015 - R.I. Gen. Laws §44-48.3........................................... 4
5 RI-7253 - Rebuild Rhode Island Tax Credit - R.I. Gen. Laws §42-64.20......................................................................... 5
6 RI-8201 - Motion Picture Production Company Tax Credit - R.I. Gen. Laws § 44-31.2 and Musical and Theatrical 6
Production Tax Credits - R.I. Gen. Laws § 44-31.3 ......................................................................................................

SECTION VIII - GRANTOR TRUST INFORMATION
DRAFT
If the Partner/Shareholder being issued this RI Schedule K-1 from the Pass-through entity is a Grantor Trust, enter the name and social security
number of the owner of the Grantor Trust below.
Grantor trust owner name:
Grantor trust owner social security number:

10/15/2024

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