Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 22160299990101 6 7 Estate Tax Return - Date of death on or after 1/1/2015 Supporting documentation 7 for all items listed on this 8 FILING FEE: $50.00 - DEATH CERTIFICATE REQUIRED return is required. 8 9 9 Decedent's first name MI Last name Suffix Decedent's social security number 10 Check below if: 10 11 XXXXXXXXXXXXXXXX X XXXXXXXXXXXXXXXXXXX XXX 999-99-9999 11 Died Testate. Decedent's address - Legal residence (domicile) at time of death City, town or post office State ZIP code 12 Attach a copy 12 13 of the will XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XX 99999 13 14 and death Foreign country, if applicable Year domicile established Date of birth Date of death 14 certificate. 15 15 Federal Form XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXX 08/31/1936 Case number11/17/2021 16 4768 is Name and location of court where will was probated or estate administered 16 17 attached XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXX 17 18 18 19 Pro Forma Amended T-77 T-79 19 Return Return 20 20 21 Check the box Alternate Special Use valuation? If checked, Deceased Spouse’s 21 if you elected: Valuation you must complete and attach Unused Exclusion “portability” 22 Schedule A-1 on Federal level 22 23 23 24 PART 1 - NET TAXABLE ESTATE 24 25 25 26 1 Total gross estate less exclusion from page 4, Part 6, line 12 ................................................................. 1 9999999999999 99 26 27 IF TOTAL GROSS ESTATE IS LESS THEN $1,300,000.00 27 28 SKIP LINES 2 THRU 10 AND CONTINUE TO LINE 11 28 29 29 30 2 Total allowable deductions from page 4, Part 6, line 22........................................................................... 2 9999999999999 99 30 31 31 32 3 Net taxable estate. Subtract line 2 from line 1.......................................................................................... 3 9999999999999 99 32 33 33 34 4 $60,000 Exclusion.................................................................................................................................... 4 60000 00 34 35 35 36 5 Adjusted taxable estate. Subtract line 4 from line 3................................................................................. 5 9999999999999 99 36 37 37 38 6 Rhode Island Estate Tax from the Rhode Island Tax Computation Schedule on page 21....................... 6 9999999999999 99 38 39 39 40 7 Applicable Rhode Island credit amount from the Rhode Island credit chart on page 22.......................... 7 9999999999999 99 40 41 41 42 8 Rhode Island Tax Due. Subtract line 7 from line 6...................................................................................DRAFT 8 9999999999999 99 42 43 43 44 9 Rhode Island Apportionment from page 2, Part 4, line 4.......................................................................... 9 0.9999 44 __ . __ __ __ __ 45 45 46 10 Tax Payable to Rhode Island. Multiply line 8 by line 9............................................................................. 10 9999999999999 99 46 47 47 48 11 $50 filing fee............................................................................................................................................. 11 50 00 48 49 49 50 12 Total Amount Due. Add lines 10 and 11.................................................................................................... 12 9999999999999 99 50 51 51 52 13 Extension Payments................................................................. 13 999999999999 99 52 11/04/2021 53 53 54 14 Other Payments........................................................................ 14 999999999999 99 54 55 55 56 15 Total Payments. Add Lines 13 and 14...................................................................................................... 15 9999999999999 99 56 57 57 58 16 AMOUNT DUE. If line 12 is more than line 15, subtract line 15 from line 12. This is the amount owed.. 16 9999999999999 99 58 59 59 60 17 REFUND DUE. If line 15 is more than line 12, subtract line 12 from line 15. This is the amount overpaid 17 9999999999999 99 60 61 61 62 62 Mail to RI Division of Taxation - One Capitol Hill - Providence, RI 02908 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012New 09/2021 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 22160299990102 6 7 7 8 8 Decedent's name Decedent's social security number 9 9 10 10 11 11 Date of Death 12 PART 2 - MARITAL STATUS Spouse’s Name Spouse’s SSN (if applicable) 12 13 13 14 1 Marital status of the decedent at time of death: XXXXXXXXXXXXXXXXXXXXXX 999-99-9999 11/12/2021 14 15 15 16 Married Single Legally separated Divorced: ____________ Widow/widower 16 17 17 18 18 19 19 PART 3 - EXECUTOR/PERSONAL REPRESENTATIVE/ADMINISTRATOR AND PREPARER INFORMATION 20 20 21 Executor/personal rep/admin’s first name MI Last name Suffix Executor/personal rep/ Admin’s SSN 21 22 XXXXXXXXXXXXXXXX X XXXXXXXXXXXXXXX XXX XXXXXXXXX 22 23 Executor/personal rep/admin’s address City, town of post office State Zip code 23 24 XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXX XX 99999 24 25 25 Relationship: Personal representative is Capacity 26 26 27 Spouse Child Sibling Parent Other_____________________ Executor Administrator Other_____________________ 27 28 Preparer’s first name MI Last name Suffix Preparer’s telephone number 28 29 XXXXXXXXXXXXXXXX X XXXXXXXXXXXXXXX XXX (999) 999-9999 29 30 Preparer’s firm name, if applicable 30 31 31 32 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 32 33 Preparer’s address City, town of post office State Zip code 33 34 XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXX XX 99999 34 35 35 36 36 37 37 38 PART 4 - COMPUTATION OF TAX - DECEDENT DOMICILED IN RHODE ISLAND 38 39 39 40 1 Rhode Island estate tax from Page 1, Part 1, line 8................................................................................. 1 9999999999999 99 40 41 41 42 2 Total gross estate less exclusion from page 4, Part 6, line 12.................................................................DRAFT 2 9999999999999 99 42 43 3 Rhode Island Gross Estate 43 44 For a decedent domiciled in Rhode Island: 44 45 Enter the amount of Rhode Island Assets excluding non-Rhode Island real and tangible property. 3 9999999999999 99 45 46 For a decedent non-domiciled in Rhode Island: 46 Enter the amount of Rhode Island real and tangible property. 47 47 48 4 Percentage which Rhode Island gross estate is of federal gross estate. Divide line 3 by line 2 (carry to 4 0.9999 48 four decimal places)................................................................................................................................. __ . __ __ __ __ 49 49 50 50 51 51 Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and 52 52 belief, it is true, accurate and complete. Declaration of11/04/2021preparer (other than taxpayer) is based on all information of which preparer has any knowledge. If 53 there is more than one executor/ administrator/ personal representative, please attach a separate sheet listing the full name, address and social security 53 54 number for each executor/ administrator/ personal representative. 54 Executor/personal representative/administrator signature Date Telephone number 55 55 56 10/18/2021 (999) 999-9999 56 57 Preparer signature Date PTIN 57 58 10/18/2021 P999999999 58 59 59 I declare that I am the Attorney Certified public Enrolled for the executor and prepared this return for the executor. I am not under suspension or 60 (Please check one) accountant agent disbarment from practice before the IRS and am qualified in the state shown above. 60 61 61 62 May the Division of Taxation contact your preparer? YES 62 1111111111222222222233333333334444444444555555555566666666667777777777888Page 2 34567890123456789012345678901234567890123456789012345678901234567890123456789012 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 22160299990103 6 7 7 8 8 Decedent's name Decedent's social security number 9 9 10 10 11 11 12 12 PART 5 - GENERAL INFORMATION 13 13 14 1 Death certificate number and issuing authority (attach a copy of the death certificate to this return) 14 15 15 16 2 Decedent’s business or occupation. If retired, enter decedent’s former business or occupation 16 17 3 Individuals (other than surviving spouse), trusts or other estates who receive benefits from the estate (do not include charitable beneficiaries 17 18 shown in Schedule O). Attach additional sheets if necessary. 18 19 19 Name of individual, trust or estate receiving $5,000 or more Identifying number Relationship to decedent Amount 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 Please CHECK yes or no for each question. If you answer yes to any question 4 -13, you must attach additional information. 30 31 31 4 Does the gross estate contain any IRC section 2044 property (qualified terminable interest property from a prior 32 gift or estate)? ............................................................................................................................................................. 4 YES NO 32 33 33 34 5 a Was there any insurance on the decedent’s life that is not included on the return as part of the gross estate? ......... 5a YES NO 34 35 35 36 b Did the decedent own any insurance on the life of another that is not included in the gross estate? ......................... 5b YES NO 36 37 37 38 6 Did the decedent at the time of death own any property as a joint tenant with the right of survivorship in which (a) one or 38 39 more of the other joint tenants was someone other than the decedent’s spouse, and (b) less than the full value of the 6 YES NO 39 property is included on the return as part of the gross estate? If yes, complete and attach Schedule E. ............................... 40 40 41 7 41 42 Did the decedent, at the time of death, ownDRAFTany interest in a partnership or unincorporated business or any stock 7 YES NO 42 in an inactive or closely held corporation..................................................................................................................... 43 43 44 8 Did the decedent make any transfer described in IRC section 2035, 2036, 2037 or 2038? If yes, you must com- 8 YES NO 44 plete and attach Schedule G ....................................................................................................................................... 45 45 46 9 Were there in existence at the time of the decedent’s death: 46 47 47 48 a Any trusts created by the decedent during his or her lifetime? ............................................................................................ 9a YES NO 48 49 49 50 b Any trusts not created by the decedent under which the decedent possessed any power, beneficial interest or 9b YES NO 50 trusteeship? ................................................................................................................................................................ 51 10 Did the decedent ever possess, exercise or release any general power of appointment? If yes, you must complete 10 51 52 and attach Schedule H .............................................................................................................................................. YES NO 52 11/04/2021 53 53 54 11 Was the marital deduction computed under the transitional rule of Public Law 97-34, IRC section 403(e)(3) (Eco- 54 55 nomic Recovery Act of 1981)? If yes, attach a separate computation of the marital deduction, enter the amount on 11 YES NO 55 item 20 of the recapitulation, and note on item 20 "Computation attached."…………………………………………...... 56 56 57 12 Was the decedent, immediately before death, receiving an annuity described in the "General" paragraph of the in- 57 58 structions for Schedule I? If yes, you must complete and attach Schedule I…………………………………………..... 12 YES NO 58 59 13 Was the decedent ever the beneficiary of a trust for which a deduction was claimed by the estate of a pre-deceased 13 59 60 spouse under IRC section 2056(b)(7) and which is not reported on this return? If yes, attach an explanation............. YES NO 60 61 61 62 Page 3 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 22160299990104 6 7 7 8 8 Decedent's name Decedent's social security number 9 9 10 10 11 11 12 Part 6 - Recapitulation Alternate value Value at date of death 12 13 13 14 1 Schedule A - Real Estate ................................................................... 1 9999999999999 99 9999999999999 99 14 15 15 16 2 Schedule B - Stock and bonds.......................................................... 2 9999999999999 99 9999999999999 99 16 17 17 18 3 Schedule C - Mortgages, notes and cash.......................................... 3 9999999999999 99 9999999999999 99 18 19 19 20 4 Schedule D - Insurance on the decedent's life .................................. 4 9999999999999 99 9999999999999 99 20 21 21 22 5 Schedule E - Jointly owned property.................................................. 5 9999999999999 99 9999999999999 99 22 23 23 6 Schedule F - Other miscellaneous property ...................................... 6 24 9999999999999 99 9999999999999 99 24 25 25 7 Schedule G - Transfers during decedent's life................................... 7 26 9999999999999 99 9999999999999 99 26 27 27 Gross Estate 8 Schedule H - Powers of appointment..................................................... 8 28 9999999999999 99 9999999999999 99 28 29 29 30 9 Schedule I - Annuities........................................................................ 9 9999999999999 99 9999999999999 99 30 31 31 32 10 Total gross estate. Add lines 1 through 9 .......................................... 10 9999999999999 99 9999999999999 99 32 33 33 34 11 Schedule U - Qualified conservation easement exclusion ................ 11 9999999999999 99 9999999999999 99 34 35 12 Total gross estate less exclusion. Subtract line 11 from line 10. 12 35 36 Enter here and on page 1, Part 1, line 1……………………...……… 9999999999999 99 9999999999999 99 36 37 37 38 38 39 39 40 13 Schedule J - Funeral expenses and expenses incurred in administering property subject to claims ...... 13 9999999999999 99 40 41 41 42 14 Schedule K - Debts of the decedent.................................................................................................................DRAFT 14 9999999999999 99 42 43 43 44 15 Schedule K - Mortgages and liens ........................................................................................................... 15 9999999999999 99 44 45 45 46 16 Total. Add lines 13, 14 and 15................................................................................................................................... 16 9999999999999 99 46 47 47 48 17 Allowable amount of deductions from line 16............................................................................................................. 17 9999999999999 99 48 49 49 50 18 Schedule L - Net losses during administration........................................................................................................... 18 9999999999999 99 50 51 Deductions 51 52 19 Schedule L - Expenses incurred in administering property not subject to claims....................................................... 19 9999999999999 99 52 11/04/2021 53 53 54 20 Schedule M - Bequests, etc., to surviving spouse...................................................................................................... 20 9999999999999 99 54 55 55 56 21 Schedule O - Charitable, public and similar gifts and bequests................................................................................. 21 9999999999999 99 56 57 57 58 22 Total allowable deductions. Add lines 17 through 21. Enter here and on page 1, Part 1, line 2……......................... 22 9999999999999 99 58 59 59 60 60 61 61 page 4 62 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 XXXXXXXXXXXXXXXX X XXXXXXXXXXXXXXXXXXX XXX 999-99-9999 10 11 11 12 Rhode Island Schedule A - Real Estate 12 13 List the full fair market value of the property at the date of death. Use Schedule K to claim mortgage deduction. 13 14 For jointly owned property that must be disclosed on Schedule E, see instructions on Schedule E. 14 15 Real estate that is part of a sole proprietorship should be shown on Schedule F. 15 16 Real estate that is included in the gross estate under IRC section 2035, 2036, 2037 or 2038 should be shown on Schedule G. 16 17 Real estate that is included in the gross estate under IRC section 2041 should be shown on Schedule H. 17 18 If you elect section 2032A valuation, you must complete Schedule A and Schedule A-1. 18 19 Item Description Alternate Alternate Value Value at 19 number valuation date date of death 20 20 1. 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 61 62 62 Total. 1111111111222222222233333333334444444444555555555566666666667777777777888Enter here and on page 4, Part 6, line 1…………………………………………………………………………………… If more space is required, please attach additional sheets. 34567890123456789012345678901234567890123456789012345678901234567890123456789012 Page 5 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule A-1 - IRC Section 2032A Valuation 12 13 Section 1 - Type of Election 13 14 Protective election. Complete section 2, line 1 and column A of lines 3 and 4. 14 15 15 Regular election. Complete all of section 2 (including line 11, if applicable) and section 3 16 16 17 This election is not valid unless the agreement (i.e., - agreement to special valuation under IRC section 2032A)- 17 18 Is signed by each and every qualified heir with an interest in the specially valued property, and 18 Is attached to this return when it is filed. 19 19 20 Section 2 - Notice of Election 20 21 Note: All real property entered on line 2 and 3 must also be entered on Schedule A, E, F, G or H, as applicable 21 22 1. Qualified use - check one Farm used for farming, or 22 23 Trade or business other than farming 23 24 24 2. Real property used in a qualified use, passing to qualified heirs and to be specially valued on this form RI-706. 25 A B C D 25 26 Schedule and item number Full value (without IRC section Adjusted Value (with IRC section Value based on qualified use (without 26 27 from form RI-706 2032 A(b)(3)(B) adjustment) 2032 A(b)(3)(B) adjustment) IRC section 2032 A(b)(3)(B) adjustment) 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 Totals …………………………………… 41 42 Attach a legal description of all property listed on line 2DRAFT 42 43 Attach copies of appraisals showing the column B values for all property listed on line 2 43 44 44 45 3. Real property used in a qualified use, passing to qualified heirs, but not specially valued on this form RI-706. 45 46 ABC D 46 47 Schedule and item number Full value (without IRC section Adjusted Value (with IRC section Value based on qualified use (without 47 48 from Form RI-706 2032 A(b)(3)(B) adjustment) 2032 A(b)(3)(B) adjustment) IRC section 2032 A(b)(3)(B) adjustment) 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 Totals …………………………………… 61 62 If you check "Regular election," you must attach copies of appraisals showing the column B values for all property listed on line 3. 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 6 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule A-1 - IRC Section 2032A Valuation (continued) 12 13 4. Personal property used in a qualified use and passing to qualified heirs 13 AB AB 14 Schedule and item number Full value (without IRC section Schedule and item number Full value (without IRC section 14 15 from Form RI-706 2032 A(b)(3)(B) adjustment) from Form RI-706 2032 A(b)(3)(B) adjustment) 15 16 "subtotal" from col B. below left 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 Subtotal…………………………………… Total adjusted value…………………… 25 26 5. Enter the value of the total gross estate as adjusted under IRC section 2032 A(b)(3)(A) __________________________ 26 6. Attach a description of the method used to determine the special value based on qualified use. 27 27 7. Did the decedent and/or a member of his or her family own all property listed on line 2 for at least 5 of the 8 years immediately 28 preceding the date of the decedent's death?………………………………………………………………………………………………………… Yes No 28 29 29 8. Were there any periods during the 8-year period preceding the date of the decedent's death during which the decedent or a 30 30 member of his or her family: Yes No 31 a Did not own the property listed on line 2 above?………………………………………………………………………………………………… 31 32 b Did not use the property listed on line 2 above in a qualified use?……………………………………………………………………………. 32 33 c Did not materially participate in the operation of the farm or other business within the meaning of IRC section 2032A(e)(6)?………… 33 34 If yes to any of the above, you must attach a statement listing the periods. If applicable, describe whether the exceptions of IRC sections 34 35 2032A(b)(4) or (5) are met. 35 36 9. Attach affidavits describing the activities constituting material participation and the identity and relationship to the decedent of the 36 37 material participants. 37 38 10. Persons holding interests. Enter the requested information for each party who received any interest in the specially valued property. 38 (Each of the qualified heirs receiving an interest in the property must sign the agreement, and the agreement must be filed with this return) 39 39 40 Name Address 40 41 41 A 42 DRAFT 42 43 B 43 44 C 44 45 D 45 46 E 46 47 F 47 48 G 48 49 H 49 50 50 Identifying number Relationship to decedent Fair market value Special use value 51 51 52 A 52 B 11/04/2021 53 53 54 C 54 55 D 55 56 E 56 57 F 57 58 G 58 59 H 59 60 60 11. Woodlands election. Check here if you wish to make a woodlands election as described in IRC section 2032A(e)(13). Enter the schedule and item 61 61 numbers from Form RI-706 of the property for which you are making this election ________________________________________________________ 62 You must attach a statement explaining why you are entitled to make this election. 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 7 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule B - Stocks and Bonds 12 13 (For jointly owned property that must be disclosed on Schedule E, see Schedule E.) 13 14 Item Description including face amount of bonds or number of shares and par value Unit value Alternate Alternate Value Value at 14 15 number where needed for identification. Give 9-digit CUSIP number. valuation date date of death 15 16 CUSIP number 16 17 1. 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 Total from continuation schedules or additional sheets attached to this schedule…………………………………………………… 61 62 Total. Enter here and on page 4, Part 6, line 2…………………………………………………………………………………………… 62 1111111111222222222233333333334444444444555555555566666666667777777777888If more space is required, please attach additional sheets. 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 8 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule C - Mortgages, Notes and Cash 12 13 (For jointly owned property that must be disclosed on Schedule E, see Schedule E.) 13 14 Item Description Alternate Alternate Value Value at 14 15 number valuation date date of death 15 16 1. 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 61 62 Total. Enter here and on page 4, Part 6, line 3…………………………………………………………………………………… 62 1111111111222222222233333333334444444444555555555566666666667777777777888If more space is required, please attach additional sheets. 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 9 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule D - Insurance on the Decedent's Life 12 13 (You must list all policies on the life of the decedent) 13 14 Item Description Alternate Alternate Value Value at 14 15 number valuation date date of death 15 16 1. 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 61 62 Total. Enter here and on page 4, Part 6, line 4…………………………………………………………………………………… 62 1111111111222222222233333333334444444444555555555566666666667777777777888If more space is required, please attach additional sheets. 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 10 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule E - Jointly Owned Property 12 (If you elect IRC section 2032A valuation, you must complete Schedule E and Schedule A-1.) 13 13 14 14 Section 1 - Qualified Joint Interests - Interests held by the decedent and his or her spouse as the 15 15 16 only joint tenants - IRC section 2020(b)(2) 16 17 Item Description Alternate Alternate Value Value at 17 number For securities, give CUSIP number. valuation date date of death 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 31 31 32 1a. Totals……………………………………………………………………………………………………………………………. 32 33 33 1b. Amounts included in gross estate (one-half of line 1a)…………………………………………………………………. 34 34 35 35 Section 2 - All Other Joint Interests 36 36 2a. State the name and address of each surviving co-tenant. If there are more than three surviving co-tenants, list the additional co-tenants on an attached 37 sheet 37 38 Name Address (street, city, state and ZIP code) 38 39 39 40 A. 40 41 B. 41 42 DRAFT 42 43 C. 43 44 Item Letter for Description (including alternate valuation date if any) Percentage Includible Includable Value at 44 number co-tenant for securities, give CUSIP number. includible alternate value date of death 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 58 59 59 60 2b. Total other joint interests………………………………………………………………………………………………………… 60 61 3. Total includable joint interests (add lines 1b and 2b). Also enter on page 4, Part 6, line 5…………………………… 61 62 If more space is required, please attach additional sheets. 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 11 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule F - Other Miscellaneous Property Not Reportable 12 13 Under Any Other Schedule 13 14 (For jointly owned property that must be disclosed on Schedule E, see schedule E.) 14 15 (If you elect IRC section 2032A valuation, you must complete Schedule F and Schedule A-1.) 15 16 1. Did the decedent at the time of death own any articles of artistic or collectable value in excess of $3,000 or any collections whose Yes No 16 17 artistic or collectable value combined at the date of death exceeded $10,000?……………………………………………………………… 17 18 If yes, submit full details on this schedule and attach appraisals. 18 19 2. Has the decedent's estate, spouse or any other person, received (or will receive) any bonus or award as a result of the decedent's 19 20 employment or death?……………………………………………………………………………………………………………………………… 20 21 If yes, submit full details on this schedule. 21 22 3. Did the decedent at the time of death have, or have access to, a safe deposit box?………………………………………………………… 22 23 If yes, state location, and if held in joint names of decedent and another, state name and relationship of joint depositor. 23 24 24 25 If any of the contents of the safe deposit box are omitted from the schedules in this return, explain fully why omitted. 25 26 26 27 27 28 Item Description Alternate Alternate value Value at 28 number For securities, give CUSIP number. valuation date date of death 29 29 1. 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 60 61 Total. Enter here and on page 4, Part 6, line 6…………………………………………………………………………………… 61 62 If more space is required, please attach additional sheets. 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 12 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule G - Transfers During Decedent's Life 12 (If you elect section 2032A valuation, you must complete Schedule G and Schedule A-1.) 13 13 14 Item Description Alternate Alternate Value Value at 14 number For securities, give CUSIP number. valuation date date of death 15 15 A. Gift tax paid by the decedent or the estate for all gifts made by the decedent or his 16 16 or her spouse within 3 years before the decedent's death (IRC section 2035(b))……… 17 17 18 B. Transfers includable under IRC section 2035(a), 2036, 2037 or 2038…………………… 18 19 19 20 1. 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 34 35 35 Total. Enter here and on page 4, Part 6, line 7…………………………………………………………………………………… 36 36 37 37 38 Rhode Island Schedule H - Powers of Appointment 38 39 (Include "5 and 5 lapsing" powers (IRC section 2041(b)(2)) held by the decedent.) 39 40 (If you elect IRC section 2032A valuation, you must complete Schedule H and Schedule A-1.) 40 Decedent's name Decedent's social security number 41 41 42 DRAFT 42 Item Description Alternate Alternate Value Value at 43 number For securities, give CUSIP number. valuation date date of death 43 44 44 1. 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 60 61 61 Total. Enter here and on page 4, Part 6, line 8…………………………………………………………………………………… 62 62 If more space is required, please attach additional sheets. 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 13 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule I - Annuities 12 13 Note: Generally, no exclusion is allowed for the estates of decedents dying after December 31, 1984. 13 14 14 Yes No 15 15 A Are you excluding from the decedent's gross estate the value of a lump-sum distribution described in IRC section 2039(f)(2)?…………… 16 16 If yes, you must attach the information required by the instructions. 17 Item Description Alternate Includable Includable Value at 17 18 number show the entire value of the annuity before any exclusions valuation date Alternate Value date of death 18 19 1. 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 Total from continuation schedules or additional sheets attached to this schedule…………………………………………… 60 61 Total. Enter here and on page 4, Part 6, line 9…………………………………………………………………………………… 61 62 If more space is required, please attach additional sheets. 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 14 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule J -Funeral Expenses and Expenses Incurred in 12 13 Administering Property Subject to Claims 13 14 Note: Do not list on this schedule expenses of administering property not subject to claims. For those expenses see Schedule L. 14 15 15 If executers' commissions, attorney fees, etc., are claimed and allowed as a deduction for estate tax purposes, they are not allowable as a deduction in 16 computing the taxable income of the estate for Rhode Island income tax purposes. They are allowable as an income tax deduction on Form RI-1041 if a 16 17 waiver is filed to waive the deduction on Form RI-706. 17 18 Item Description Expense amount Total amount 18 19 number 19 20 A. Funeral expenses 20 21 1. 21 22 22 23 23 24 24 25 25 26 26 Total funeral expenses……………………………………………………… 27 27 28 B. Administration expenses 28 29 1. Executor's commissions - amount estimated/agreed upon/paid. (strike out the words that do not apply.)…………………… 29 30 30 31 2. Attorney's fees - amount estimated/agreed upon/paid. (strike out the words that do not apply.)…………………………… 31 32 32 33 3. Accountant fees - amount estimated/agreed upon/paid. (strike out the words that do not apply.)…………………………….. 33 34 Expense amount 34 35 35 36 4. Miscellaneous expenses 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 Total from continuation schedules or additional sheets attached to this schedule……………………………… 58 59 59 60 Total miscellaneous expenses………………………………………………………………………………………………………………… 60 61 Total. Enter here and on page 4, Part 6, line 13………………………………………………………………………………………………………… 61 62 If more space is required, please attach additional sheets. 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 15 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule K Debts of the Decedent, and Mortgages 12 13 and Liens 13 14 Item Debts of the Decedent - Creditor and nature of claim, and Amount unpaid to Amount in contest Amount claimed as 14 15 number allowable death taxes date a deduction 15 16 1. 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 Total from continuation schedules or additional sheets attached to this schedule…………………………………………………………………. 36 36 37 Total. Enter here and on page 4, Part 6, line 14………………………………………………………………………………………………………. 37 38 38 39 Item Mortgages and liens - Description Amount 39 number 40 40 41 1. 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 Total from continuation schedules or additional sheets attached to this schedule…………………………………………………………………… 60 61 61 Total. Enter here and on page 4, Part 6, line 15………………………………………………………………………………………………………. 62 62 If more space is required, please attach additional sheets. 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 16 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule L - Net Losses During Administration and Expenses 12 13 Incurred in Administering Property Not Subject 13 14 14 15 to Claims 15 16 Item Net losses during administration Amount 16 number (Note: Do not deduct losses claimed on a Rhode Island income tax return.) 17 17 1. 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 Total from continuation schedules or additional sheets attached to this schedule…………………………………………………………………… 36 37 Total. Enter here and on page 4, Part 6, line 18…………………………………………………………………………………………………………… 37 38 38 39 Item Expenses incurred in administering property not subject to claims Amount 39 40 number (indicate whether estimated, agreed upon or paid.) 40 41 1. 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 Total from continuation schedules or additional sheets attached to this schedule…………………………………………………………………… 59 60 60 61 Total. Enter here and on page 4, Part 6, line 19…………………………………………………………………………………………………………… 61 If more space is required, please attach additional sheets. 62 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 17 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule M - Bequests, etc., to Surviving Spouse 12 13 Election To Deduct Qualified Terminable Interest Property Under IRC Section 2056(b)(7) 13 14 If a trust (or other property) meets the requirements of qualified terminable interest property under IRC section 2056(b)(7), and 14 a. The trust or other property is listed on Schedule M, and 15 15 b. The value of the trust (or other property) is entered in whole or in part as a deduction on Schedule M, 16 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 16 17 executor shall be deemed to have made an election to have such trust (or other property) treated as qualified terminable interest property under 17 18 IRC section 2056(b)(7). 18 19 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, 19 20 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 20 21 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). 21 22 Election To Deduct Qualified Domestic Trust Property Under IRC Section 2056A. 22 23 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 23 24 prescribed by law (including extensions) for filing the return, and 24 25 a. The entire value of a trust or trust property is listed on Schedule M, and 25 26 b. The entire value of the trust or trust property is entered as a deduction on Schedule M, 26 27 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 27 have the entire trust treated as qualified domestic trust property. 28 28 Yes No 29 1. Did any property pass to the surviving spouse as a result of a qualified disclaimer?…………………………………………………… 1. 29 30 If "yes," attach a copy of the written disclaimer required by IRC section 2518(b). 30 31 31 32 2 a. In what country was the surviving spouse born? 32 33 b. What is the surviving spouse's date of birth? 33 34 c. Is the surviving spouse a US citizen?……………………………………………………………………………………………………… 2c. 34 35 d. If the surviving spouse is a naturalized citizen, when did the surviving spouse acquire citizenship? 35 36 36 37 e. If the surviving spouse is not a US citizen, of what country is the surviving spouse a citizen? 37 38 3. Election out of QTIP treatment of annuities - Do you elect under IRC section 2056(b)(7)(C)(ii) not to treat as qualified 38 39 terminable interest property any joint and survivor annuities that are included in the gross estate and would otherwise 39 40 be treated as qualified terminable interest property under IRC section 2056(b)(7)(C)?………………………………………………… 3. 40 41 Item Description of property interests passing to surviving spouse Amount 41 number 42 DRAFT 42 1. 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 Total from continuation schedules or additional sheets attached to this schedule…………………………………………………………………… 54 55 4. Total amount of property interests listed on Schedule M…………………………………………………………………………………… 4. 55 56 56 5 a. Federal estate taxes payable out of property interests listed on Schedule M……………………… 5a. 57 57 58 b. Other death taxes payable out of property interests listed on Schedule M…………………………… 5b. 58 59 c. Federal and state GST taxes payable out of property interests listed on Schedule M……………… 5c. 59 60 d. Add lines 5a, 5b and 5c……………………………………………………………………………………………………………………… 5d. 60 61 61 6. Net amount of property interests listed on Schedule M. Subtract line 5d from line 4. Enter here and on page 4, Part 6, line 20… 6. 62 If more space is required, please attach additional sheets. 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 18 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule O - Charitable, Public and Similar Gifts and 12 13 Bequests 13 14 Yes No 14 15 1. a. If the transfer was made by will, has any action been instituted to have interpreted or to contest the will or any of its provisions 15 16 affecting the charitable deductions claimed in this schedule?………………………………………………………………………………… 16 17 If yes, full details must be submitted with this schedule. 17 18 b. According to the information and belief of the person or persons filing this return, is any such action planned? 18 19 If yes, full details must be submitted with this schedule. 19 20 2. Did any property pass to charity as the result of a qualified disclaimer?………………………………………………………………… 20 21 If yes, attach a copy of the written disclaimer required by IRC section 2518(b). 21 22 Item Name and address of beneficiary Charter of Institution Amount 22 number 23 23 1. 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 Total from continuation schedules or additional sheets attached to this schedule…………………………………………………………………. 49 50 3. Total………………………………………………………………………………………………………………………………………………… 3. 50 51 51 52 4 a. Federal estate tax payable out of property interests listed above…………………………………… 4a. 52 11/04/2021 53 b. Other death taxes payable out of property interests listed above………………………………………4b. 53 54 54 55 c. Federal and state GST taxes payable out of property interests listed above………………………… 4c. 55 56 d. Add items 4a, 4b and 4c………………………………………………………………………………………………………………………4d. 56 57 57 58 5. Net value of property interests listed above. Subtract line 4d from line 3. Enter here and on page 4, Part 6, line 21……………… 5. 58 59 If more space is required, please attach additional sheets. 59 60 60 61 61 62 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 19 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 Rhode Island Schedule U - Qualified Conservation Easement Exclusion 12 13 Section 1 - Election 13 14 Note: The executor is deemed to have made the election under IRC section 2031(c)(6) if he or she files Schedule U and excludes any qualifying 14 15 conservation easements from the gross estate. 15 16 Section 2 - General Qualifications 16 17 1. Describe the land subject to the qualified conservation easement 17 18 18 19 2. Did the decedent or a member of the decedent's family own land described above during the Yes No 19 20 3-year period ending on the date of the decedent's death? 20 21 3. The land described above is located (check whichever applies) (see instructions): 21 22 In or within 25 miles of an area which, on the date of the decedent's death, is a metropolitan area. 22 23 In or within 25 miles of an area which, on the date of the decedent's death, is a national park or wilderness area. 23 24 24 25 In or within 10 miles of an area which, on the date of the decedent's death, is a Urban National Forest. 25 26 4. Describe the conservation easement with regard to which the exclusion is being claimed. 26 27 27 28 28 29 Section 3 - Computation of Exclusion 29 30 5. Estate tax value of the land subject to the qualified conservation easement………………………………………………………… 5. 30 31 6. Date of death value of any easements granted prior to decedent's death and 31 32 included on line 11……........................................................................................... 6. 32 33 33 34 7. Add lines 5 and 6……………………………………………………………………………………… 7. 34 35 8. Value of retained development rights on the land………………………………………………… 8. 35 36 36 37 9. Subtract line 8 from line 7…………………………………………………………………………… 9. 37 38 10. Multiply line 9 by 30% (.30)…………………………………………………………………………. 10. 38 39 11. Value of qualified conservation easement for which the exclusion is being claimed. If line 39 40 11 is less than line 10, continue with line 12. Otherwise, skip lines 12 through 14, 40 41 enter 0.40 on line 15 and complete schedule……………………………………………………… 11. 41 42 12. Divide line 11 by line 9. If line 12 is equal to or less than 0.100 stop here. The estate doesDRAFT 42 43 not qualify for the conservation easement exclusion……………………………………………… 12. __ . __ __ __ 43 44 13. Subtract line 12 from 0.300. Enter the answer in hundredth by rounding any thousandths 44 45 up to the next higher hundredth (0.030 = 0.03; but 0.031 = 0.04)……………………………… 13. __ . __ __ __ 45 46 46 14. Multiply line 13 by 2…………………………………………………………………………………… 14. __ . __ __ __ 47 47 48 15. Subtract line 14 from .40 …………………………………………………………………………… 15. __ . __ __ __ 48 49 49 50 16. Deduction under IRC section 2055(f) for the conservation easement……………………………16. 50 51 51 17. Amount of indebtedness on the land…………………………………………………………………17. 52 52 11/04/2021 53 18. Total reductions in value. Add lines 8, 16 and 17……………………………………………………………………………………… 18. 53 54 54 19. Net value of land. Subtract line 18 from line 5………………………………………………………………………………………… 19. 55 55 56 20. Multiply line 19 by line 15………………………………………………………………………………………………………………… 20. 56 57 57 21. The smaller of line 20 or the exclusion limitation. Enter here and on page 4, Part 6, line 11…………………………………… 21. 58 58 59 59 60 60 61 61 62 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012Page 20 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 Decedent's name Decedent's social security number 8 9 9 10 10 11 11 12 12 13 13 Rhode Island Tax Computation Schedule 14 14 15 15 16 16 (1) (2) (3) (4) 17 17 Rate of credit 18 18 Adjusted taxable Credit on on excess 19 19 estate equal to Adjusted taxable amount in over amount 20 20 or more than estate less than Column 1 in column 1 21 21 (Percent) 22 22 23 $0 $40,000 0 None 23 24 40,000 90,000 0 0.8 24 25 90,000 140,000 $400 1.6 25 26 140,000 240,000 1,200 2.4 26 27 240,000 440,000 3,600 3.2 27 28 440,000 640,000 10,000 4.0 28 29 640,000 840,000 18,000 4.8 29 30 840,000 1,040,000 27,600 5.6 30 31 1,040,000 1,540,000 38,800 6.4 31 32 1,540,000 2,040,000 70,800 7.2 32 33 33 34 2,040,000 2,540,000 106,800 8.0 34 35 2,540,000 3,040,000 146,800 8.8 35 36 3,040,000 3,540,000 190,800 9.6 36 37 3,540,000 4,040,000 238,800 10.4 37 38 4,040,000 5,040,000 290,800 11.2 38 39 5,040,000 6,040,000 402,800 12.0 39 40 6,040,000 7,040,000 522,800 12.8 40 41 7,040,000 8,040,000 650,800 13.6 41 42 8,040,000DRAFT9,040,000 786,800 14.4 42 43 9,040,000 10,040,000 930,800 15.2 43 44 10,040,000 ------------ 1,082,800 16.0 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 Page 21 61 62 62 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 |
Enlarge image | 1111111111222222222233333333334444444444555555555566666666667777777777888 34567890123456789012345678901234567890123456789012345678901234567890123456789012 4 State of Rhode Island Division of Taxation 4 5 Form RI-706 5 6 Estate Tax Return - Date of death on or after 1/1/2015 IMAGEONLY 6 7 7 8 8 9 9 10 10 11 Rhode Island Credit Amount 11 12 Form RI-706, page 1, line 7 12 13 13 Pursuant to R.I. Gen. Laws § 44-22-1.1(a)(4) 14 14 15 15 16 Instructions: 16 17 Enter the applicable credit amount from below on Form RI-706, page 1, line 7. 17 18 18 19 19 CREDIT AMOUNT 20 20 21 21 22 For date of death on or after January 1, 2015 and prior to January 1, 2016.................$ 64,400 22 23 23 24 For date of death on or after January 1, 2016 and prior to January 1, 2017.................$ 64,400 24 25 25 26 For date of death on or after January 1, 2017 and prior to January 1, 2018.................$ 65,370 26 27 27 28 For date of death on or after January 1, 2018 and prior to January 1, 2019.................$ 66,810 28 29 29 30 For date of death on or after January 1, 2019 and prior to January 1, 2020.................$ 68,350 30 31 31 32 For date of death on or after January 1, 2020 and prior to January 1, 2021.................$ 69,515 32 33 33 34 For date of death on or after January 1, 2021 and prior to January 1, 2022.................$ 70,490 34 35 35 36 For date of death on or after January 1, 2022 and prior to January 1, 2023.................$ 74,300 36 37 37 38 38 39 39 40 40 41 41 42 DRAFT 42 43 43 44 44 45 45 46 46 47 47 48 48 49 49 50 50 51 51 52 52 11/04/2021 53 53 54 54 55 55 56 56 57 57 58 58 59 59 60 60 61 61 62 62 1111111111222222222233333333334444444444555555555566666666667777777777888 Revised 3456789012345678901234567890123456789012345678901234567890123456789012345678901210/2021 |