Form Ri-1041 - Rhode Island Fiduciary Income Tax Return

2010

RI MODIFICATION SCHEDULE -

RI MODIFICATIONS TO FEDERAL AGI

Name of Estate or Trust shown on Form RI-1041

Federal Identification Number

NOTE: You must attach documents supporting your modification. Otherwise, the processing of your return may be delayed.

Income from obligations of any state or its political subdivisions, other than Rhode Island under RIGL

2A.

§44-30-12(1) and RIGL §44-30-12(2) ........................................................................................................

Rhode Island fiduciary adjustment as beneficiary of an estate or trust under RIGL §44-30-17 ................

2B.

Recapture of Family Education Account modifications under RIGL §44-30-25(g) ....................................

2C.

Bonus depreciation that has been taken for federal purposes that must be added back to Rhode Island

2D.

income under RIGL §44-61-1 ....................................................................................................................

Section 179 depreciation that has been taken for federal purposes that must be added back to Rhode

2E.

Island income under RIGL §44-61-1.1 .......................................................................................................

Recapture of Tuition Saving Program modifications (section 529 accounts) under

2F.

RIGL §44-30-12(4) .....................................................................................................................................

Recapture of Historic Tax Credit or Motion Picture Production Tax Credit modifications decreasing

2G.

Federal AGI previously claimed under RIGL §44-33.2-3(2) and RIGL §44-31.2-9 respectively ...............

Recapture of Scituate Medical Savings Account modifications under RIGL §44-30-25.1(d)(3)(i) ............. 2H.

Unemployment compensation received but not included in federal adjusted gross income under RIGL

2I.

§44-30-12(b)(6) ..........................................................................................................................................

Deduction allowed for sales tax paid in 2010 on a qualified motor vehicle purchased in 2009 as defined

2J.

by IRC section 164(a)(6) under RIGL §44-30-12(b)(7) ..............................................................................

Income from the discharge of business indebtedness deferred under the American Recovery and

2K.

Reinvestment Act of 2009 under RIGL §44-66-1........................................................................................

2L.

Total modifications INCREASING Federal AGI add lines 2A through 2K ....................................................................................

2L.

Income from obligations of the US government included in Federal AGI but exempt from state income

3A.

taxes ...........................................................................................................................................................

Rhode Island fiduciary adjustment as beneficiary of an estate or trust under RIGL §44-30-17 ................

3B.

Elective deduction for new research and development facilities under RIGL §44-32-1 ............................

3C.

Railroad Retirement benefits paid by the Railroad Retirement Board .......................................................

3D.

Qualifying investment in a certified venture capital partnership under RIGL §44-43-2 .............................

3E.

Family Education Accounts under RIGL §44-30-25 ...................................................................................

3F.

Tuition Saving Program contributions (section 529 accounts) under RIGL §44-30-12.

3G.

Maximum modification shall not exceed $500 ($1,000 if filing a joint return) ............................................

Exemptions from tax on profit or gain for writers, composers and artists under RIGL §44-30-1.1 ...........

3H.

Bonus depreciation that has already been taken on the Federal return that has not yet been subtracted

from Rhode Island income under RIGL §44-61-1.......................................................................................

3I.

Section 179 depreciation that has already been taken on the Federal return that has not yet been sub-

tracted from Rhode Island income under RIGL §44-61-1.1........................................................................

3J.

Modification for performance based compensation realized by an eligible employee under the Jobs

Growth Act under RIGL §42-64.11-4 .........................................................................................................

3K.

Modification for exclusion for qualifying option under RIGL §44-39.3 AND modification for

exclusion for qualifying securities or investment under RIGL §44-43-8 ....................................................

3L.

Modification for Tax Incentives for employers under RIGL §44-55-4.1 .....................................................

3M.

Interest on indebtedness incurred or continued to purchase or carry obligations or securities the

Income of which is exempt from Rhode Island personal income tax, to the extent that such interest

has been deducted in determining federal adjusted gross income under RIGL §44-30-12(c)(1)..............

3N.

Historic Tax Credit income or Motion Picture Production Tax Credit income reported on Federal return

that is tax exempt for RI purposes under RIGL §44-33.2-3(2) & §44-31.2-9(c) respectively.....................

3O.

Active duty military pay of Nonresidents stationed in Rhode Island and income for services performed

in Rhode Island by the servicemember’s spouse.This modification does NOT apply to RI residents

3P.

Scituate Medical Savings Account contributions that are taxable on the Federal Return but exempt

from Rhode Island under RIGL §44-30-25.1(d)(3)(i) ................................................................................. 3Q.

Amounts of insurance benefits for dependents and domestic partners included in Federal AGI pur-

suant to chapter 12 of title 36 or other coverage plan under RIGL §44-30-12(c)(6) ................................

3R.

Modification for Organ Transplantation for specific unreimbursed expenses incurred by claimant under

3S.

RIGL §44-30-12(c)(7). This modification applies to RHODE ISLAND RESIDENTS ONLY..................

Modification for Resident business owner in certified enterprise zone under RIGL §42-64.3-7.

3T.

This modification applies to RHODE ISLAND RESIDENTS ONLY........................................................

Income from the discharge of business indebtedness deferred under the American Recovery and

3U.

Reinvestment Act of 2009 under RIGL §44-66-1........................................................................................

(

)

3V.

Total modifications DECREASING Federal AGI add lines 3A through 3U and enter as a negative amount ..............................

3V.

Page 4

Form Ri-1041 - Rhode Island Fiduciary Income Tax Return - 2010 Page 3

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