Rhode Island Rhode Island Schedule K-1

Rhode Island Schedule K-1
Schd K-1State of Rhode Island Division of Taxation

Form K-1 - 2022

Taxpayer’s Share of Income, Deductions, Credits, Etc.
ENTITY INFORMATION

IMAGEONLY
TAXPAYER 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

AMENDED K-1

INCLUDED IN COMPOSITE FILING (RI-1040C)

Partnership

FINAL K-1

Taxpayer’s State of Residency:
Taxpayer’s RI Apportionment Percentage:

_.______

Taxpayer’s Ownership Percentage:

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 RI under RIGL §44-30-12(1) and RIGL  1
§44-30-12(2) ...............................................................................................................................................................
2 Bonus depreciation that has been taken for federal purposes that must be added back to Rhode Island income
2
under RIGL §44-61-1 ..................................................................................................................................................

3 Pass-through entity tax elected to be paid on your behalf by the pass-through entity under RIGL §44-11-2.3 .......... 3
4 Taxable portion of Paycheck Protection Program Loan amount under RIGL §44-11-11(see instructions)..................

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 RIGL §44-32-1 ............................................. 2
3 Qualifying investment in a certified venture capital partnership under RIGL §44-43-2 ..............................................
4 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...............................................................................................................
5 Section 179 depreciation that has already been taken on the Federal return that has not yet been subtracted from
Rhode Island income under RIGL §44-61-1.1............................................................................................................

3
4
5

6 Tax Incentives for Employers under RIGL §44-55........................................................................................................... 6
7 Cash Basis Only - Deductions for Pass-Through Entity Tax Claimed in prior year ......................................................... 7

SECTION IV - COMPOSITE FILING INFORMATION
1 Rhode Island source income included on composite filing .............................................................................................

1

2 Composite payment made on taxpayer’s behalf ............................................................................................................. 2

Page 1

State of Rhode Island Division of Taxation

Form K-1 - 2022

Taxpayer’s Share of Income, Deductions, Credits, Etc.
ENTITY INFORMATION
Federal identification number:

IMAGEONLY
TAXPAYER INFORMATION

Taxpayer identification number:

SECTION V - RI-1096PT PASS-THROUGH WITHHOLDING INFORMATION
1 Rhode Island source income included on pass-through withholding filing ...................................................................... 1
2 Pass-through withholding payment made on taxpayer’s behalf ...................................................................................... 2

SECTION VI - RI-PTE PASS-THROUGH ENTITY ELECTION INFORMATION
1 Rhode Island source income included on Pass-through Entity Election Tax Return........................................................ 1
2 Pass-through entity election tax paid on taxpayer’s behalf on Form RI-PTE................................................................... 2

SECTION VII - TAXPAYER’S CREDIT BREAKDOWN
1 RI-2276 - Tax Credit for Contributions to Qualified Scholarship Organization - RIGL §44-62 ........................................... 1
2 RI-286B - Historic Preservation Investment Tax Credit - RIGL §44-33.2 and Historic Preservation Tax Credits 2013 2
RIGL §44-33.6..............................................................................................................................................................

3 RI-6754 - Rhode Island New Qualified Jobs Incentive Act 2015 - RIGL §44-48.3........................................................... 3
4 RI-7253 - Rebuild Rhode Island Tax Credit - RIGL §42-64.20......................................................................................... 4
5 RI-8201 - Motion Picture Production Company Tax Credit - RIGL §44-31.2 and Musical and Theatrical Production
5
Tax Credits - RIGL §44-31.3.........................................................................................................................................

Page 2

Extracted from PDF file 2022-rhode-island-schd-k-1.pdf, last modified April 2012

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More about the Rhode Island Schd K-1 Corporate Income Tax

We last updated the Rhode Island Schedule K-1 in February 2023, and the latest form we have available is for tax year 2022. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Rhode Island Division of Taxation. You can print other Rhode Island tax forms here.

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Other Rhode Island Corporate Income Tax Forms:

TaxFormFinder has an additional 78 Rhode Island income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form 7004	Extension Request Extension
Form 1120V	Payment Voucher Voucher
Form 1065V	Partnership Income Tax Payment Voucher Voucher
Form 1065	Partnership Income Tax Return to be filed by LLCs, LLPs, LPs and Partnerships Tax Return
Form BUS-EXT	Business Tax Automatic Extension Request - For T-72 and T-74 Extension

Download all RI tax forms View all 79 Rhode Island Income Tax Forms

Form Sources:

Rhode Island usually releases forms for the current tax year between January and April. We last updated Rhode Island Schd K-1 from the Division of Taxation in February 2023.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Rhode Island Schd K-1

We have a total of nine past-year versions of Schd K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2022 Schd K-1

2021 Schd K-1

Microsoft Word - Incentive and Credit Overview for DLT

2020 Schd K-1

2020 K-1 v2_Layout 1

2019 Schd K-1

2019 K-1_Layout 1

2018 Schd K-1

2018 K-1_Layout 1

2017 Schd K-1

Microsoft Word - Incentive and Credit Overview for DLT

2016 Schd K-1

2016 K-1_Layout 1

2015 Schd K-1

2014 K-1 Instructions_Layout 1

Rhode Island Schedule K-1 and Instructions

2014 Schd K-1

2014 K-1 Instructions_Layout 1

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