Fillable Form Ri-100a - Rhode Island Estate Tax Return (Page 17 of 22) in pdf

Rhode Island Schedule M - Bequests, etc., to Surviving Spouse

Decedent's name

Decedent's social security number

Election To Deduct Qualified Terminable Interest Property Under IRC Section 2056(b)(7)

If a trust (or other property) meets the requirements of qualified terminable interest property under IRC section 2056(b)(7), and

a. The trust or other property is listed on Schedule M, and

b. The value of the trust (or other property) is entered in whole or in part as a deduction on Schedule M,

then unless the executor specifically identifies the trust (all or a fractional portion or percentage) or other property to be excluded from the election, the

executor shall be deemed to have made an election to have such trust (or other property) treated as qualified terminable interest property under

IRC section 2056(b)(7).

If less than the entire value of the trust (or other property) that the executor has included in the gross estate is entered as a deduction on Schedule M,

the executor shall be considered to have made an election only as to a fraction of the trust (or other property). The numerator of the fraction is equal

to the amount of the trust (or other property) deducted on Schedule M. The denominator is equal to the total value of the trust (or other property).

Election To Deduct Qualified Domestic Trust Property Under IRC Section 2056A.

If a trust meets the requirements of a qualified domestic trust under IRC section 2056A(a) and this return is filed no later than 1 year after the time

prescribed by law (including extensions) for filing the return, and

a. The entire value of a trust or trust property is listed on Schedule M, and

b. The entire value of the trust or trust property is entered as a deduction on Schedule M,

Then unless the executor specifically identifies the trust to be excluded from the election, the executor shall be deemed to have made an election to

have the entire trust treated as qualified domestic trust property.

Yes

1. Did any property pass to the surviving spouse as a result of a qualified disclaimer?……………………………………………………

If "yes," attach a copy of the written disclaimer required by IRC section 2518(b).

2 a. In what country was the surviving spouse born?

b. What is the surviving spouse's date of birth?

c. Is the surviving spouse a US citizen?………………………………………………………………………………………………………

2c.

d. If the surviving spouse is a naturalized citizen, when did the surviving spouse acquire citizenship?

e. If the surviving spouse is not a US citizen, of what country is the surviving spouse a citizen?

3. Election out of QTIP treatment of annuities - Do you elect under IRC section 2056(b)(7)(C)(ii) not to treat as qualified

terminable interest property any joint and survivor annuities that are included in the gross estate and would otherwise

be treated as qualified terminable interest property under IRC section 2056(b)(7)(C)?…………………………………………………

Item

Description of property interests passing to surviving spouse

Amount

number

Total from continuation schedules or additional sheets attached to this schedule……………………………………………………………………

4. Total amount of property interests listed on Schedule M……………………………………………………………………………………

5 a. Federal estate taxes payable out of property interests listed on Schedule M………………………

5a.

b. Other death taxes payable out of property interests listed on Schedule M…………………………

5b.

c. Federal and state GST taxes payable out of property interests listed on Schedule M………………

5c.

d. Add lines 5a, 5b and 5c………………………………………………………………………………………………………………………

5d.

6. Net amount of property interests listed on Schedule M. Subtract line 5d from line 4. Enter here and on page 3, part 7, line 20…

If more space is required, please attach additional sheets.

Page 17

Form Ri-100a - Rhode Island Estate Tax Return Page 17

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