Rhode Island Tax Form RI-1040NR Schedule V - Part-Year Resident Tax Calculation Instructions

General Information RI SCHEDULE V - PART-YEAR RESIDENT TAX CALCULATION

This schedule is only to be completed by part year residents – full year nonresidents complete schedule III on page 7 of RI-1040NR.

Part 1 – Allocation and Tax Worksheet

Column A – Income From Federal Return:

Enter in column A, lines 1 through 10, the total amounts of income and adjustments as reported on your federal income tax return.

Enter in column A, line 11, the total net modifications to federal adjusted gross income from RI- 1040NR, page 1, line 2.

Column B – Rhode Island Resident Period:

Enter in column B, lines 1 through 10, all income earned and adjustments reported in column A during the period you lived in Rhode Island. This includes income earned both within and without Rhode Island.

Enter in column B, line 11, the modifications to federal adjusted gross income attributable to the income reported in column B.

Column C – Rhode Island Nonresident Period: 

Enter in column C, lines 1 through 10, all income earned and adjustments reported in column A during the period you were not living in Rhode Island. This includes income earned both within and without Rhode Island.

Enter in column C, line 11, the modifications to federal adjusted gross income attributable to the income reported in column C.

Column D – Rhode Island Nonresident Period: 

Enter in column D, lines 1 through 10, all amounts of income and adjustments reported in column C (nonresident period) derived from or connected with Rhode Island sources.

Enter in column D, line 11, the modifications to federal adjusted gross income attributable to the income reported in column D.

Line 12 – Modified Federal AGI:

Combine the amounts on lines 10 and 11.

Line 13 – Total Rhode Island Income:

Add the amounts on line 12, column B and line 12, column D.

Line 14 – Allocation Percentage:

Divide the amount on line 13 by the amount on Line 12. If line 13 is greater than line 12, enter 1.0000.

Line 15 – Rhode Island Tax After Credits Before Allocation:

Enter the amount from RI- 1040NR, page 1, line 12.

Line 16 – Rhode Island Income Tax:

Multiply the amount on line 15 by the percentage on line 14. If you have income earned in another state while you were a resident of Rhode Island, complete part 2 on page 10. Otherwise, enter here and on RI-1040NR, page 1, line 13. Check the part-year resident box.

PART 2 - CREDIT FOR INCOME TAXES PAID TO ANOTHER STATE AND TAX WORKSHEET

Line 17 – Rhode Island Income Tax:

Enter the amount of Rhode Island income tax from RI- 1040NR, page 9, schedule V, part 1, line 16.

Line 18 – Income Taxed by Other States, While a Rhode Island Resident:

Enter the amount of income taxed by another state while a Rhode Island resident included in the amount on page 9, schedule V, part 1, line 10, column B.

Line 19 – Total Rhode Island Income:

Enter the Rhode Island income reported on page 9, schedule V, part 1, line 13.

Line 20

Divide the amount on line 18 by the amount on line 19.

Line 21

Multiply the amount on line 17 by the percentage on line 20.

Line 22 - Tax Due and Paid to Other State:

Enter the amount of income tax liability paid to the other state. Also, enter the name of the other state in the space provided.

Line 23

Enter the amount from line 18 above.

Line 24 – Other State’s Adjusted Gross Income:

Enter the amount of total adjusted gross income reported on the income tax return filed with the other state. Attach a completed signed copy of the return filed with the other state.

Line 25

Divide the amount on line 23 by the amount on line 24.

Line 26

Multiply the amount on line 22 by the percentage on line 25.

Line 27 – Maximum Tax Credit:

Enter the amount on line 17, 21 or 26 whichever is the SMALLEST.

Line 28 – Rhode Island Income Tax:

Subtract the amount on line 27 from the amount on line 17.

Enter here and on Form RI-1040NR, page 1, line 13 and check the part-year resident box.

NOTE: If, while a resident, you had income taxed by two or more other states, a separate computation should be made on a multiple state credit schedule (RI-1040NRMU). This schedule can be obtained by calling the RI Division of Taxation at (401) 574-8970 or at our web site www.tax.ri.gov.