Form Ri-1041 - Rhode Island Fiduciary Income Tax Return - 2004 Page 3

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RI-1041
2004
RI SCHEDULE D RHODE ISLAND CAPITAL GAINS AND LOSSES
Name of Estate or Trust
Federal Identification Number
1.
RI taxable income, RI-1041, line 7......................................................................................................................................................
1.
2.
Enter the SMALLER of Federal Schedule D, lines 14a or 15, column (2)..
2.
3.
Enter the amount from Federal Form 4952, line 4g..................................
3.
4.
Subtract line 3 from line 2.......................................................................................................................
4.
5.
Combine Federal Schedule D, lines 13 and 14c column (2).
(If zero or
5.
less, enter
zero)..........................................................................................
Enter the SMALLER of line 5 above or Federal Schedule D, line 14c
6.
6.
column (2).
(not less than
zero).................................................................
7.
Enter the amount from Federal Schedule D, line 14b, column (2)............
7.
8.
Add lines 6 and 7....................................................................................................................................
8.
9.
Subtract line 8 from line 4.
(If zero or less, enter
zero).......................................................................................................................
9.
10.
Subtract line 9 from line 1.
(If zero or less, enter
zero).......................................................................................................................
10.
}
11.
Enter the SMALLER of:
.........................................................
the amount on line 1 or
11.
$1,950
12.
Enter the SMALLER of line 10 or line 11...................................................
12.
13.
Subtract line 4 from line 1.
(If zero or less, enter
zero).............................
13.
14.
14.
Enter the LARGER of line 12 or line 13.................................................................................................
15.
15.
Figure the tax on the amount on line 14. Use the 2004 Fiduciary Tax Rate Schedule located in the instructions...........................
IF LINES 11 AND 12 ARE THE SAME, SKIP LINES 16 AND 17 AND GO TO LINE 18. OTHERWISE, GO TO LINE 16.
16.
Subtract line 12 from line 11....................................................................................................................
16.
17.
Multiply line 16 by 2.5% (.025)............................................................................................................................................................
17.
IF LINES 1 AND 11 ARE THE SAME, SKIP LINES 18 THROUGH 21 AND GO TO LINE 22. OTHERWISE, GO TO LINE 18.
18.
Enter the SMALLER of line 1 or line 9......................................................
18.
19.
Enter the amount from line 16 above.
(If line 16 is blank, enter
zero).......
19.
20.
Subtract line 19 from line 18...................................................................................................................
20.
21.
Multiply line 20 by 5.00% (.05)............................................................................................................................................................
21.
IF LINE 7 IS ZERO OR BLANK, SKIP LINES 22 THROUGH 27 AND GO TO LINE 28. OTHERWISE, GO TO LINE 22.
22.
Enter the smaller of line 4 or line 7............................................................
22.
23.
23.
Add lines 4 and 14.........................................
24.
24.
Enter the amount from line 1.........................
25.
Subtract line 24 from line 23.
(If zero or less, enter
zero).........................
25.
26.
Subtract line 25 from line 22.
(If zero or less, enter
zero).......................................................................
26.
27.
Multiply line 26 by 6.25% (.0625)........................................................................................................................................................
27.
IF LINE 6 IS ZERO, SKIP LINES 28 THROUGH 30 AND GO TO LINE 31. OTHERWISE, GO TO LINE 28.
28.
Add lines 14, 16, 20 and 26....................................................................................................................
28.
29.
Subtract line 28 from line 1.....................................................................................................................
29.
30.
Multiply line 29 by 7.00% (.07)............................................................................................................................................................
30.
31.
Add lines 15, 17, 21, 27 and 30..........................................................................................................................................................
31.
32.
Figure the tax on the amount on line 1. Use the 2004 Fiduciary Tax Rate Schedule located in the instructions...............................
32.
33.
Tax on all taxable income (including capital gains). Enter the SMALLER of line 31 or line 32. Also enter this amount on
33.
RI-1041, page 1, line 8A and check the RI Schedule D box...............................................................................................................
Page 3

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