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Screen RIAdj - Rhode Island Modifications (1040)

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Overview

Use this screen to complete portions of Forms RI-1040 and RI-1040NR modification schedule.
Interest and dividend income is entered in the federal B&D, SDE, K1, and K1T Screens. These screens may be accessed by using the links provided in the RIAdj Screen. Interest and dividend data entered in the statement windows in these federal screens is utilized in the calculation of state income and adjustments. In those interest and dividend statements, you may indicate if the data should be applied only to the federal or only to the state return. In addition, use of the state postal code and In-State Source % indicates which state should react to the data entered in the federal statements.
  • Enter
    F
     in the
    F/S
     field to indicate that the item is for the federal return only.
  • Enter
    S
     in the
    F/S
     field and a non-
    RI
     postal code in the
    State
     field to indicate that the item transfers only to the state specified and is ignored for federal purposes.
  • For Rhode Island source interest and dividends reportable on part-year and nonresident Rhode Island returns, you must enter
    RI
     in the
    State
     field in these federal statements. Further, for interest and dividends reportable as Rhode Island source for nonresident Rhode Island returns, you must also enter a percentage in the
    In-State Source %
     field.
  • Interest from Municipal obligations and U.S. Obligations from a pass-through entity and reportable in the federal K1 and K1T screens may be adjusted by new fields in the federal K1-St screen. If data is entered in these fields in K1-St Screen, the total of all K1 or K1T data for that income type is adjusted by the requested amount for that K1 or K1T. The state return uses the adjusted amount in its calculations. See federal K1-St Screen for additional information.
  • Enter tax-exempt interest data as positive values to avoid e-file rejections associated with "Sch M/Mod Decreasing Fed AGI/Fed AGI Exempt State In Tax as a positive number."

Income Adjustments

Modifications increasing adjusted gross income
  • Use code 2 to report nonacademic funds withdrawal or transfer to other state's 529 plan.
  • Use code 3 to report recapture of "Tuition Savings Program-Section 529" contribution previously reported as decreasing modifications.
  • Use code 4 and 5 to report recapture of tax credit previously reported as decreasing modifications.
  • Use code 6 to add back nonmedical withdrawal from RI Scituate Medical Savings Account.
  • Use code 8 to report the taxable portion of a PPP loan.
  • Use code 9 to report unemployment compensation not included in the federal AGI.
  • Use code 10 to override data shared amounts of PTE tax elected to be paid at the entity level from federal K1-4 Screen.
note
Additional information regarding PTE tax and PPP Loans can be found by visiting https://tax.ri.gov/guidance/information-and-faqs and selecting 2022 Filing Season FAQs.
Reference RI Form Instructions for more detail regarding the codes listed previously.
Modifications decreasing adjusted gross income
  • Rhode Island fiduciary adjustment is reported using code 1. See RIGL
    44-30-17
     for additional guidance.
  • Elective deduction for new research and development facilities is reported using code 3. See RIGL
    44-32-1
     for additional guidance.
  • Qualifying investment in a certified venture capital partnership is reported using code 5. See RIGL
    44-43-2
     for additional guidance.
  • Family education account reporting use code 6. See RIGL
    44-30-25
     for additional guidance.
  • Code 8 is used to report exemptions from tax on profit or gain for writers, composers, and artists.
  • Use code 11 to claim a deduction for 50% of your performance-based compensation under the Rhode Island Jobs Growth Act.
note
Information regarding employee eligibility determination can be found by visiting, https://dlt.ri.gov/employers/rhode-island-tax-credits
  • Non-residents
     use code 12 to adjust nonresident military wages entered on federal W2 Screen and code 20 to adjust income for services performed in RI by the servicemember's spouse.
  • To report a qualifying investment in a certified venture capital partnership, use code 13.
  • Code 14 is used to report modifications for Tax Incentives for Employers.
  • Use code 15, 16, 17 and 25 to report tax credit income claimed on Federal return but exempt from RI tax.
  • Use code 18 for Scituate Medical Savings Account contributions taxable on the Federal Return but exempt from RI tax.
  • Use code 19 to adjust the amounts of insurance benefits for dependents and domestic partners included in your federal AGI.
  • Rhode Island residents can exclude certain unreimbursed expenses for organ donation using code 21.
  • Child Tax Rebate included on the federal return can be excluded using code 22.
  • Cash Basis Only -
     Deduction for Pass-Through Entity Tax claimed in the prior year - a portion of which was refunded to the entity is reported using code 24.
note
Additional information regarding Child Tax Rebate can be found by visiting https://tax.ri.gov/guidance/special-programs/2022-child-tax-rebates
Reference RI Form Instructions for more detail regarding the codes listed previously.
Tuition Saving Program carryover
Enter the amount of unused tuition saving program contributions from the prior year. Prior-year carryover amounts automatically proforma to current-years return. This entry is used to calculate the current year's allowable credit.

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