Rhode Island Resident Estate Tax Return - For decedents dying prior to 1/1/1992

Resident Estate Tax Return - For decedents dying prior to 1/1/1992
Microsoft Word - Document1
State of Rhode Island Division of Taxation

Form RI-706
22160299990101

Estate Tax Return - Date of death on or after 1/1/2015
 

FILING FEE: $50.00 - DEATH CERTIFICATE REQUIRED
Check below if:
Died Testate.
Attach a copy
of the will
and death
certificate.
Federal Form
4768 is
attached

Decedent's first name

MI

Decedent's address - Legal residence (domicile) at time of death
Foreign country, if applicable

Suffix
City, town or post office

Year domicile established

Alternate
Valuation

Amended
Return

Decedent's social security number
State

Date of birth

ZIP code

Date of death
Case number

Name and location of court where will was probated or estate administered

Pro Forma
Return

Check the box
if you elected:

Last name

Supporting documentation
for all items listed on this
return is required.

T-77

T-79

Special Use valuation? If checked,
you must complete and attach
Schedule A-1

Deceased Spouse’s
Unused Exclusion “portability”
on Federal level

PART 1 - NET TAXABLE ESTATE
1 Total gross estate less exclusion from page 4, Part 6, line 12 .................................................................

1

IF TOTAL GROSS ESTATE IS LESS THAN $1,300,000.00
SKIP LINES 2 THRU 10 AND CONTINUE TO LINE 11
2 Total allowable deductions from page 4, Part 6, line 22...........................................................................

2

3 Net taxable estate. Subtract line 2 from line 1..........................................................................................

3

4 $60,000 Exclusion....................................................................................................................................

4

5 Adjusted taxable estate. Subtract line 4 from line 3.................................................................................

5

6 Rhode Island Estate Tax from the Rhode Island Tax Computation Schedule on page 21.......................

6

7 Applicable Rhode Island credit amount from the Rhode Island credit chart on page 22..........................

7

8 Rhode Island Tax Due. Subtract line 7 from line 6...................................................................................

8

9 Rhode Island Apportionment from page 2, Part 4, line 4..........................................................................

9

10 Tax Payable to Rhode Island. Multiply line 8 by line 9.............................................................................

10

11 $50 filing fee.............................................................................................................................................

11

60000 00

__ . __ __ __ __

50 00

12 Total Amount Due. Add lines 10 and 11.................................................................................................... 12

13 Extension Payments................................................................. 13
14 Other Payments........................................................................ 14

15 Total Payments. Add Lines 13 and 14......................................................................................................

15

16 AMOUNT DUE. If line 12 is more than line 15, subtract line 15 from line 12. This is the amount owed..

16

17 REFUND DUE. If line 15 is more than line 12, subtract line 12 from line 15. This is the amount overpaid

17

Mail to RI Division of Taxation - One Capitol Hill - Providence, RI 02908
New
09/2021

State of Rhode Island Division of Taxation

Form RI-706
22160299990102

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

PART 2 - MARITAL STATUS

Spouse’s Name

Date of Death
(if applicable)

Spouse’s SSN

1 Marital status of the decedent at time of death:

Single

Married

Legally separated

Divorced: ____________

Widow/widower

PART 3 - EXECUTOR/PERSONAL REPRESENTATIVE/ADMINISTRATOR AND PREPARER INFORMATION
Executor/personal rep/admin’s first name

MI

Executor/personal rep/admin’s address

Last name

Suffix

Executor/personal rep/ Admin’s SSN

City, town of post office

State

Zip code

Relationship: Personal representative is
Spouse

Child

Sibling

Preparer’s first name

Capacity
Parent

Other_____________________

MI

Executor

Administrator

Last name

Suffix

City, town of post office

State

Other_____________________

Preparer’s telephone number

Preparer’s firm name, if applicable

Preparer’s address

Zip code

PART 4 - COMPUTATION OF TAX
1

Rhode Island estate tax from Page 1, Part 1, line 8.................................................................................

1

2

Total gross estate less exclusion from page 4, Part 6, line 12.................................................................

2

3

Rhode Island Gross Estate
For a decedent domiciled in Rhode Island:
Enter the amount of Rhode Island Assets excluding non-Rhode Island real and tangible property.
For a decedent non-domiciled in Rhode Island:
Enter the amount of Rhode Island real and tangible property.

3

Percentage which Rhode Island gross estate is of federal gross estate. Divide line 3 by line 2 (carry to
four decimal places).................................................................................................................................

4

4

__ . __ __ __ __

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
belief, it is true, accurate and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. If
there is more than one executor/ administrator/ personal representative, please attach a separate sheet listing the full name, address and social security
number for each executor/ administrator/ personal representative.
Telephone number
Date
Executor/personal representative/administrator signature

Preparer signature

I declare that I am the
(Please check one)

Date

Attorney

Certified public
accountant

Enrolled
agent

PTIN

for the executor and prepared this return for the executor. I am not under suspension or
disbarment from practice before the IRS and am qualified in the state shown above.

May the Division of Taxation contact your preparer? YES
Page 2

State of Rhode Island Division of Taxation

Form RI-706
22160299990103

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

PART 5 - GENERAL INFORMATION
1 Death certificate number and issuing authority (attach a copy of the death certificate to this return)
2 Decedent’s business or occupation. If retired, enter decedent’s former business or occupation
3 Individuals (other than surviving spouse), trusts or other estates who receive benefits from the estate (do not include charitable beneficiaries
shown in Schedule O). Attach additional sheets if necessary.
Name of individual, trust or estate receiving $5,000 or more

Identifying number

Relationship to decedent

Amount

Please CHECK yes or no for each question. If you answer yes to any question 4 -13, you must attach additional information.
4 Does the gross estate contain any IRC section 2044 property (qualified terminable interest property from a prior
gift or estate)? .............................................................................................................................................................

4

YES

NO

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

b Did the decedent own any insurance on the life of another that is not included in the gross estate? ......................... 5b

YES

NO

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
more of the other joint tenants was someone other than the decedent’s spouse, and (b) less than the full value of the
property is included on the return as part of the gross estate? If yes, complete and attach Schedule E. ...............................

6

YES

NO

7 Did the decedent, at the time of death, own any interest in a partnership or unincorporated business or any stock
in an inactive or closely held corporation .....................................................................................................................

7

YES

NO

8 Did the decedent make any transfer described in IRC section 2035, 2036, 2037 or 2038? If yes, you must complete and attach Schedule G .......................................................................................................................................

8

YES

NO

a Any trusts created by the decedent during his or her lifetime? ............................................................................................ 9a

YES

NO

b Any trusts not created by the decedent under which the decedent possessed any power, beneficial interest or
trusteeship? ................................................................................................................................................................

9b

YES

NO

10 Did the decedent ever possess, exercise or release any general power of appointment? If yes, you must complete
10
and attach Schedule H ..............................................................................................................................................

YES

NO

11 Was the marital deduction computed under the transitional rule of Public Law 97-34, IRC section 403(e)(3) (Economic Recovery Act of 1981)? If yes, attach a separate computation of the marital deduction, enter the amount on 11
item 20 of the recapitulation, and note on item 20 "Computation attached."…………………………………………......

YES

NO

12 Was the decedent, immediately before death, receiving an annuity described in the "General" paragraph of the in12
structions for Schedule I? If yes, you must complete and attach Schedule I………………………………………….....

YES

NO

13 Was the decedent ever the beneficiary of a trust for which a deduction was claimed by the estate of a pre-deceased
13
spouse under IRC section 2056(b)(7) and which is not reported on this return? If yes, attach an explanation.............

YES

NO

9 Were there in existence at the time of the decedent’s death:

Page 3

State of Rhode Island Division of Taxation

Form RI-706
Estate Tax Return - Date of death on or after 1/1/2015

22160299990104

Decedent's name

Decedent's social security number

Alternate value

Gross Estate

Part 6 - Recapitulation
1 Schedule A - Real Estate ...................................................................

1

2 Schedule B - Stock and bonds..........................................................

2

3 Schedule C - Mortgages, notes and cash..........................................

3

4 Schedule D - Insurance on the decedent's life ..................................

4

5 Schedule E - Jointly owned property..................................................

5

6 Schedule F - Other miscellaneous property ......................................

6

7 Schedule G - Transfers during decedent's life ...................................

7

8 Schedule H - Powers of appointment.....................................................

8

9 Schedule I - Annuities........................................................................

9

Value at date of death

10 Total gross estate. Add lines 1 through 9 .......................................... 10
11 Schedule U - Qualified conservation easement exclusion ................ 11
12 Total gross estate less exclusion. Subtract line 11 from line 10.
Enter here and on page 1, Part 1, line 1……………………...………

12

13 Schedule J - Funeral expenses and expenses incurred in administering property subject to claims ...... 13
14 Schedule K - Debts of the decedent................................................................................................................. 14
15 Schedule K - Mortgages and liens ........................................................................................................... 15

Deductions

16 Total. Add lines 13, 14 and 15...................................................................................................................................

16

17 Allowable amount of deductions from line 16............................................................................................................. 17
18 Schedule L - Net losses during administration...........................................................................................................

18

19 Schedule L - Expenses incurred in administering property not subject to claims....................................................... 19
20 Schedule M - Bequests, etc., to surviving spouse...................................................................................................... 20
21 Schedule O - Charitable, public and similar gifts and bequests................................................................................. 21
22 Total allowable deductions. Add lines 17 through 21. Enter here and on page 1, Part 1, line 2…….........................

page 4

22

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule A - Real Estate
 List the full fair market value of the property at the date of death. Use Schedule K to claim mortgage deduction.
 For jointly owned property that must be disclosed on Schedule E, see instructions on Schedule E.
 Real estate that is part of a sole proprietorship should be shown on Schedule F.
 Real estate that is included in the gross estate under IRC section 2035, 2036, 2037 or 2038 should be shown on Schedule G.
 Real estate that is included in the gross estate under IRC section 2041 should be shown on Schedule H.
 If you elect section 2032A valuation, you must complete Schedule A and Schedule A-1.
Item
number

Alternate
valuation date

Description

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
Total. Enter here and on page 4, Part 6, line 1……………………………………………………………………………………
If more space is required, please attach additional sheets.
Page 5

Alternate Value

Value at
date of death

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule A-1 - IRC Section 2032A Valuation
Section 1 - Type of Election
Protective election. Complete section 2, line 1 and column A of lines 3 and 4.
Regular election. Complete all of section 2 (including line 11, if applicable) and section 3
This election is not valid unless the agreement (i.e., - agreement to special valuation under IRC section 2032A) Is signed by each and every qualified heir with an interest in the specially valued property, and
 Is attached to this return when it is filed.

Section 2 - Notice of Election
Note: All real property entered on line 2 and 3 must also be entered on Schedule A, E, F, G or H, as applicable
1. Qualified use - check one

Farm used for farming, or
Trade or business other than farming

2. Real property used in a qualified use, passing to qualified heirs and to be specially valued on this form RI-706.
A

B

C

D

Schedule and item number

Full value (without IRC section

Adjusted Value (with IRC section

Value based on qualified use (without

from form RI-706

2032 A(b)(3)(B) adjustment)

2032 A(b)(3)(B) adjustment)

IRC section 2032 A(b)(3)(B) adjustment)

Totals ……………………………………
Attach a legal description of all property listed on line 2
Attach copies of appraisals showing the column B values for all property listed on line 2
3. Real property used in a qualified use, passing to qualified heirs, but not specially valued on this form RI-706.
A

B

C

D

Schedule and item number

Full value (without IRC section

Adjusted Value (with IRC section

Value based on qualified use (without

from Form RI-706

2032 A(b)(3)(B) adjustment)

2032 A(b)(3)(B) adjustment)

IRC section 2032 A(b)(3)(B) adjustment)

Totals ……………………………………
If you check "Regular election," you must attach copies of appraisals showing the column B values for all property listed on line 3.
Page 6

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule A-1 - IRC Section 2032A Valuation (continued)
4. Personal property used in a qualified use and passing to qualified heirs
A

B

A

B

Schedule and item number

Full value (without IRC section

Schedule and item number

Full value (without IRC section

from Form RI-706

2032 A(b)(3)(B) adjustment)

from Form RI-706

2032 A(b)(3)(B) adjustment)

"subtotal" from col B. below left

Total adjusted value……………………

Subtotal……………………………………

5. Enter the value of the total gross estate as adjusted under IRC section 2032 A(b)(3)(A) __________________________
6. Attach a description of the method used to determine the special value based on qualified use.
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
preceding the date of the decedent's death?…………………………………………………………………………………………………………

Yes

No

Yes

No

8. Were there any periods during the 8-year period preceding the date of the decedent's death during which the decedent or a
member of his or her family:
a

Did not own the property listed on line 2 above?…………………………………………………………………………………………………

b

Did not use the property listed on line 2 above in a qualified use?…………………………………………………………………………….

c

Did not materially participate in the operation of the farm or other business within the meaning of IRC section 2032A(e)(6)?…………

If yes to any of the above, you must attach a statement listing the periods. If applicable, describe whether the exceptions of IRC sections
2032A(b)(4) or (5) are met.
9. Attach affidavits describing the activities constituting material participation and the identity and relationship to the decedent of the
material participants.
10. Persons holding interests. Enter the requested information for each party who received any interest in the specially valued property.
(Each of the qualified heirs receiving an interest in the property must sign the agreement, and the agreement must be filed with this return)
Name

Address

A
B
C
D
E
F
G
H
Identifying number

Relationship to decedent

Fair market value

Special use value

A
B
C
D
E
F
G
H
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

numbers from Form RI-706 of the property for which you are making this election ________________________________________________________
You must attach a statement explaining why you are entitled to make this election.
Page 7

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule B - Stocks and Bonds
(For jointly owned property that must be disclosed on Schedule E, see Schedule E.)
Item
number

Description including face amount of bonds or number of shares and par value
where needed for identification. Give 9-digit CUSIP number.

Unit value

Alternate
valuation date

CUSIP number
1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………………
Total. Enter here and on page 4, Part 6, line 2……………………………………………………………………………………………
If more space is required, please attach additional sheets.
Page 8

Alternate Value

Value at
date of death

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule C - Mortgages, Notes and Cash
(For jointly owned property that must be disclosed on Schedule E, see Schedule E.)
Item
number

Alternate
valuation date

Description

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
Total. Enter here and on page 4, Part 6, line 3……………………………………………………………………………………
If more space is required, please attach additional sheets.
Page 9

Alternate Value

Value at
date of death

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule D - Insurance on the Decedent's Life
(You must list all policies on the life of the decedent)
Item
number

Alternate
valuation date

Description

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
Total. Enter here and on page 4, Part 6, line 4……………………………………………………………………………………
If more space is required, please attach additional sheets.
Page 10

Alternate Value

Value at
date of death

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule E - Jointly Owned Property
(If you elect IRC section 2032A valuation, you must complete Schedule E and Schedule A-1.)

Section 1 Item
number

Qualified Joint Interests - Interests held by the decedent and his or her spouse as the
only joint tenants - IRC section 2020(b)(2)
Description
For securities, give CUSIP number.

Alternate
valuation date

Value at
date of death

Alternate Value

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
1a. Totals…………………………………………………………………………………………………………………………….
1b. Amounts included in gross estate (one-half of line 1a)………………………………………………………………….

Section 2 - All Other Joint Interests
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
sheet
Name

Address (street, city, state and ZIP code)

A.
B.
C.
Item
Letter for
number co-tenant

Description (including alternate valuation date if any)
for securities, give CUSIP number.

Percentage
includible

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
2b. Total other joint interests…………………………………………………………………………………………………………
3. Total includable joint interests (add lines 1b and 2b). Also enter on page 4, Part 6, line 5……………………………
If more space is required, please attach additional sheets.
Page 11

Includible
alternate value

Includable Value at
date of death

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule F - Other Miscellaneous Property Not Reportable
Under Any Other Schedule
(For jointly owned property that must be disclosed on Schedule E, see schedule E.)
(If you elect IRC section 2032A valuation, you must complete Schedule F and Schedule A-1.)
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

artistic or collectable value combined at the date of death exceeded $10,000?………………………………………………………………
If yes, submit full details on this schedule and attach appraisals.
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
employment or death?………………………………………………………………………………………………………………………………
If yes, submit full details on this schedule.

3.

Did the decedent at the time of death have, or have access to, a safe deposit box?…………………………………………………………
If yes, state location, and if held in joint names of decedent and another, state name and relationship of joint depositor.

If any of the contents of the safe deposit box are omitted from the schedules in this return, explain fully why omitted.

Item
number

Description
For securities, give CUSIP number.

Alternate
valuation date

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
Total. Enter here and on page 4, Part 6, line 6……………………………………………………………………………………
If more space is required, please attach additional sheets.
Page 12

Alternate value

Value at
date of death

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule G - Transfers During Decedent's Life
(If you elect section 2032A valuation, you must complete Schedule G and Schedule A-1.)
Item
number
A.

Description
For securities, give CUSIP number.

Alternate
valuation date

Alternate Value

Value at
date of death

Gift tax paid by the decedent or the estate for all gifts made by the decedent or his
or her spouse within 3 years before the decedent's death (IRC section 2035(b))………

B.

Transfers includable under IRC section 2035(a), 2036, 2037 or 2038……………………

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
Total. Enter here and on page 4, Part 6, line 7……………………………………………………………………………………

Rhode Island Schedule H - Powers of Appointment
(Include "5 and 5 lapsing" powers (IRC section 2041(b)(2)) held by the decedent.)
(If you elect IRC section 2032A valuation, you must complete Schedule H and Schedule A-1.)
Decedent's name

Item
number

Decedent's social security number

Description
For securities, give CUSIP number.

Alternate
valuation date

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
Total. Enter here and on page 4, Part 6, line 8……………………………………………………………………………………
If more space is required, please attach additional sheets.
Page 13

Alternate Value

Value at
date of death

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule I - Annuities
Note: Generally, no exclusion is allowed for the estates of decedents dying after December 31, 1984.
Yes

No

A Are you excluding from the decedent's gross estate the value of a lump-sum distribution described in IRC section 2039(f)(2)?……………
If yes, you must attach the information required by the instructions.
Item
number

Description
show the entire value of the annuity before any exclusions

Alternate
valuation date

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………
Total. Enter here and on page 4, Part 6, line 9……………………………………………………………………………………
If more space is required, please attach additional sheets.
Page 14

Includable
Alternate Value

Includable Value at
date of death

State of Rhode Island Division of Taxation

Form RI-706

Estate Tax Return - Date of death on or after 1/1/2015

IMAGEONLY

Decedent's name

Decedent's social security number

Rhode Island Schedule J -Funeral Expenses and Expenses Incurred in
Administering Property Subject to Claims
Note: Do not list on this schedule expenses of administering property not subject to claims. For those expenses see Schedule L.
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
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
waiver is filed to waive the deduction on Form RI-706.
Item
number

Description

Expense amount

A. Funeral expenses
1.

Total funeral expenses………………………………………………………
B. Administration expenses
1. Executor's commissions - amount estimated/agreed upon/paid. (strike out the words that do not apply.)……………………
2. Attorney's fees - amount estimated/agreed upon/paid. (strike out the words that do not apply.)……………………………
3. Accountant fees - amount estimated/agreed upon/paid. (strike out the words that do not apply.)……………………………..
Expense amount
4. Miscellaneous expenses

Total from continuation schedules or additional sheets attached to this schedule………………………………
Total miscellaneous expenses…………………………………………………………………………………………………………………
Total. Enter here and on page 4, Part 6, line 13…………………………………………………………………………………………………………
If more space is required, please attach additional sheets.
Page 15

Total amount

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule K Debts of the Decedent, and Mortgages
and Liens
Item
number

Debts of the Decedent - Creditor and nature of claim, and
allowable death taxes

Amount unpaid to
date

Amount in contest

Amount claimed as
a deduction

1.

Total from continuation schedules or additional sheets attached to this schedule………………………………………………………………….
Total. Enter here and on page 4, Part 6, line 14……………………………………………………………………………………………………….
Item
number

Mortgages and liens - Description

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………………………………
Total. Enter here and on page 4, Part 6, line 15……………………………………………………………………………………………………….
If more space is required, please attach additional sheets.
Page 16

Amount

State of Rhode Island Division of Taxation

Form RI-706

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

IMAGEONLY
Decedent's social security number

Rhode Island Schedule L - Net Losses During Administration and Expenses
Incurred in Administering Property Not Subject
to Claims
Item
number

Net losses during administration
(Note: Do not deduct losses claimed on a Rhode Island income tax return.)

Amount

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………………………………
Total. Enter here and on page 4, Part 6, line 18……………………………………………………………………………………………………………
Item
number

Expenses incurred in administering property not subject to claims
(indicate whether estimated, agreed upon or paid.)

1.

Total from continuation schedules or additional sheets attached to this schedule……………………………………………………………………
Total. Enter here and on page 4, Part 6, line 19……………………………………………………………………………………………………………
If more space is required, please attach additional sheets.

Page 17

Amount

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

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

1.

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
number

3.

Description of property interests passing to surviving spouse

Amount

1.

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………………………

4.

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 4, Part 6, line 20…
If more space is required, please attach additional sheets.
Page 18

6.

No

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule O - Charitable, Public and Similar Gifts and
Bequests
Yes
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
affecting the charitable deductions claimed in this schedule?…………………………………………………………………………………
If yes, full details must be submitted with this schedule.
b. According to the information and belief of the person or persons filing this return, is any such action planned?
If yes, full details must be submitted with this schedule.
2.

Did any property pass to charity as the result of a qualified disclaimer?…………………………………………………………………
If yes, attach a copy of the written disclaimer required by IRC section 2518(b).

Item
number

Name and address of beneficiary

Charter of Institution

Amount

1.

Total from continuation schedules or additional sheets attached to this schedule………………………………………………………………….
3. Total………………………………………………………………………………………………………………………………………………… 3.
4

a. Federal estate tax payable out of property interests listed above……………………………………

4a.

b. Other death taxes payable out of property interests listed above……………………………………… 4b.
c. Federal and state GST taxes payable out of property interests listed above………………………… 4c.
d. Add items 4a, 4b and 4c……………………………………………………………………………………………………………………… 4d.
5. Net value of property interests listed above. Subtract line 4d from line 3. Enter here and on page 4, Part 6, line 21………………
If more space is required, please attach additional sheets.

Page 19

5.

No

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Schedule U - Qualified Conservation Easement Exclusion
Section 1 - Election
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
conservation easements from the gross estate.

Section 2 - General Qualifications
1. Describe the land subject to the qualified conservation easement
2. Did the decedent or a member of the decedent's family own land described above during the
3-year period ending on the date of the decedent's death?

Yes

No

3. The land described above is located (check whichever applies) (see instructions):
In or within 25 miles of an area which, on the date of the decedent's death, is a metropolitan area.
In or within 25 miles of an area which, on the date of the decedent's death, is a national park or wilderness area.
In or within 10 miles of an area which, on the date of the decedent's death, is a Urban National Forest.
4. Describe the conservation easement with regard to which the exclusion is being claimed.

Section 3 - Computation of Exclusion
5. Estate tax value of the land subject to the qualified conservation easement………………………………………………………… 5.
6. Date of death value of any easements granted prior to decedent's death and
included on line 11……...........................................................................................

6.

7. Add lines 5 and 6……………………………………………………………………………………… 7.
8. Value of retained development rights on the land………………………………………………… 8.
9. Subtract line 8 from line 7……………………………………………………………………………

9.

10. Multiply line 9 by 30% (.30)…………………………………………………………………………. 10.
11. Value of qualified conservation easement for which the exclusion is being claimed. If line
11 is less than line 10, continue with line 12. Otherwise, skip lines 12 through 14,
enter 0.40 on line 15 and complete schedule……………………………………………………… 11.
12. Divide line 11 by line 9. If line 12 is equal to or less than 0.100 stop here. The estate does
not qualify for the conservation easement exclusion……………………………………………… 12.

__

. __ __ __

__

. __ __ __

__

. __ __ __

__

. __ __ __

13. Subtract line 12 from 0.300. Enter the answer in hundredth by rounding any thousandths
up to the next higher hundredth (0.030 = 0.03; but 0.031 = 0.04)……………………………… 13.
14. Multiply line 13 by 2…………………………………………………………………………………… 14.
15. Subtract line 14 from .40 …………………………………………………………………………… 15.
16. Deduction under IRC section 2055(f) for the conservation easement…………………………… 16.
17. Amount of indebtedness on the land………………………………………………………………… 17.
18. Total reductions in value. Add lines 8, 16 and 17……………………………………………………………………………………… 18.
19. Net value of land. Subtract line 18 from line 5………………………………………………………………………………………… 19.
20. Multiply line 19 by line 15…………………………………………………………………………………………………………………

20.

21. The smaller of line 20 or the exclusion limitation. Enter here and on page 4, Part 6, line 11……………………………………

21.

Page 20

State of Rhode Island Division of Taxation

Form RI-706

IMAGEONLY

Estate Tax Return - Date of death on or after 1/1/2015
Decedent's name

Decedent's social security number

Rhode Island Tax Computation Schedule
(1)

(2)

(3)

$0
40,000
90,000
140,000
240,000

$40,000
90,000
140,000
240,000
440,000

0
0
$400
1,200
3,600

(4)
Rate of credit
on excess
over amount
in column 1
(Percent)
None
0.8
1.6
2.4
3.2

Adjusted taxable
estate equal to
or more than

Adjusted taxable
estate less than

Credit on
amount in
Column 1

440,000
640,000
840,000
1,040,000
1,540,000

640,000
840,000
1,040,000
1,540,000
2,040,000

10,000
18,000
27,600
38,800
70,800

4.0
4.8
5.6
6.4
7.2

2,040,000
2,540,000
3,040,000
3,540,000
4,040,000

2,540,000
3,040,000
3,540,000
4,040,000
5,040,000

106,800
146,800
190,800
238,800
290,800

8.0
8.8
9.6
10.4
11.2

5,040,000
6,040,000
7,040,000
8,040,000
9,040,000
10,040,000

6,040,000
7,040,000
8,040,000
9,040,000
10,040,000
------------

402,800
522,800
650,800
786,800
930,800
1,082,800

12.0
12.8
13.6
14.4
15.2
16.0

Page 21

State of Rhode Island Division of Taxation

Form RI-706

Estate Tax Return - Date of death on or after 1/1/2015

IMAGEONLY

Rhode Island Credit Amount
Form RI-706, page 1, line 7
Pursuant to R.I. Gen. Laws § 44-22-1.1(a)(4)
Instructions:
Enter the applicable credit amount from below on Form RI-706, page 1, line 7.
CREDIT AMOUNT

For date of death on or after January 1, 2015 and prior to January 1, 2016.................$

64,400

For date of death on or after January 1, 2016 and prior to January 1, 2017.................$

64,400

For date of death on or after January 1, 2017 and prior to January 1, 2018.................$

65,370

For date of death on or after January 1, 2018 and prior to January 1, 2019.................$

66,810

For date of death on or after January 1, 2019 and prior to January 1, 2020.................$

68,350

For date of death on or after January 1, 2020 and prior to January 1, 2021.................$

69,515

For date of death on or after January 1, 2021 and prior to January 1, 2022.................$

70,490

For date of death on or after January 1, 2022 and prior to January 1, 2023.................$

74,300

For date of death on or after January 1, 2023 and prior to January 1, 2024.................$

80,395

Revised
10/2022