Supported Forms

The following Rhode Island forms are supported in Drake Tax 2023. RI forms cannot be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID	EST
BUS-EST	Business Tax Estimated Payment Form		P	P	P
BUS-EXT	Business Tax Automatic Extension Request		P	P	P
BUS-V	Business Tax Payment Voucher Form		P	P	P	P
IND-HEALTH	Individual Health Insurance Mandate Form	P
K-1	Taxpayer’s Share of Income, Deductions, Credits, etc.			P	P
Modification Worksheet	Taxable Social Security Income Worksheet	P
Q-Sub Schedule (RI-1120S)	Qualified S Subchapter Subsidiaries Listing			P
RI-1040	Resident Individual Income Tax Return	P
RI-1040C	Composite Income Tax Return			P	P	P
RI-1040C-ES	Composite Income Tax Estimated Payment			P	P	P
RI-1040C-NE	Nonresident Income Tax Agreement/Election to be Included in a Composite Return			P	P	P
RI-1040C-V	Composite Income Tax Return Payment			P	P	P
RI-1040ES	Estimated Payment Coupon	P
RI-1040H	Property Tax Relief Claim	P
RI-1040MU	Credit for Income Taxes Paid to Multiple States	P
RI-1040NR	Nonresident Individual Income Tax Return	P
RI-1040NR-MU	Credit for Income Taxes Paid to Multiple States (Nonresident)	P
RI-1040V	Rhode Island Return Payment Voucher	P
RI-1041	Fiduciary Income Tax Return					P
RI-1041ES	Fiduciary Income Tax Estimated Payment					P
RI-1041V	Fiduciary Income Tax Return Payment					P
RI-1065	Partnership Income Return				P
RI-1099E	Pass-Through Entity Election			P	P	P
RI-1120C	Business Corporation Tax Return		P
RI-1120S	Subchapter S Business Corporation Tax Return			P
RI-1310	Statement of Claimant to Refund Due Deceased Taxpayer	P
RI-2210	Underpayment of Estimated Tax by Individuals, Estates	P				P
RI-2210A	Underpayment of Estimated Tax by Individuals	P
RI-2220	Underpayment of Estimated Tax by Corporate Filers		P
RI-2441	Adult and Child Day Care Assistance and Development Tax Credit		P
RI-2848	Power of Attorney	P	P	P	P	P
RI-2874	Employer's Apprenticeship Credit		P
RI-3468	Investment Tax Credit		P
RI4562	Depreciation and Amortization	P	P	P	P	P
RI-4868	Application for Automatic Extension of Time to File a Rhode Island Individual Income Tax Return	P
RI-4868C	Composite Income Tax Return Extension Payment			P	P	P
RI-5009	Educational Assistance & Development		P
RI-6238	Residential Lead Abatement Income Tax Credit	P
RI-6324	Employer’s Adult Education Credit		P
RI-706	Estate Tax Return, Date of Death on or After 1/1/2015						P
RI-7695E	Research & Development Expense Credit		P
RI-8736	Fiduciary Income Tax Return Extension Payment					P
RI-8826	Disabled Access Credit		P
RI-9261	Jobs Development Act (JDA) Rate Reduction		P
RI-PTE	Pass-Through Entity Election Tax Return			P	P	P
Schedule B-CR	Business Entity Credit Schedule		P
Schedule CR (RI-1040/RI-1040NR)	Other Rhode Island Credits	P
Schedule CR (RI-1041)	Other Rhode Island Credits					P
Schedule CR-PT	Other Rhode Island Credits for RI-1065 and RI-1120S			P	P
Schedule E (RI-1040/RI-1040NR)	Exemption Schedule	P
Schedule II (RI-1040NR)	Full-Year Nonresident Tax Calculation	P
Schedule III (RI-1040NR)	Part-Year Resident Tax Calculation	P
Schedule K-1 (RI-1041)	Beneficiary’s Share of Income, Deductions, Credits, etc.					P
Schedule M	Modifications to Federal AGI	P
Schedule M (RI-1041)	Modifications to Federal Total Income					P
Schedule PTW	Pass-Through Withholding Transmittal Schedule			P	P	P
Schedule S (RI-1120S)	Excess Net Passive Income Tax Calculation			P
Schedule U (RI-1040/RI-1040NR)	Individual Consumer’s Use Tax	P
Schedule W (RI-1040/RI-1040NR)	W-2 and 1099 Information	P
Schedule W (RI-1041)	W-2 and 1099 Information					P
Shared Responsibility Worksheet	Individual Health Insurance Mandate Penalty Calculation	P
T-77	Discharge of Estate Tax Lien					P
T-79	Application for Estate Tax Waiver					P
TX-16	Claim for Refund of Temporary Disability Insurance Tax	P

New Form  

RI Schedule PTW, Pass-Through Withholding Transmittal Schedule, is new for tax year 2023. This form is available for S corporation, partnership, and fiduciary returns.

Modified Forms

• Form RI-1040H, Property Tax Relief Claim – Updated the following thresholds:

  • Part 1, line E – $35,000 à $37,870

  • Part 3, line 6 – $600 à $650

  • Part 4, line 12 – $600 à $650

• Schedule CR, Other Rhode Island Credits – Added “Low Income Housing Tax Credits”

• Schedule K-1, Taxpayer’s Share of Income, Deductions, Credits, Etc. – Modified for tax year 2023

• Schedule M, Modifications to Federal AGI – Added modification for taxpayers receiving military service pensions

Obsolete Form

Form RI-1096PT, RI-1099PT, RI-4868PT have been discontinued for tax years beginning on or after January 1, 2023.

Tax Law Changes

• Standard deduction amounts have been adjusted as follows:

  • Single – $10,000

  • Married Filing Joint – $20,050

  • Qualifying Widow(er) – $20,050

  • Married Filing Separate – $10,025

  • Head of Household – $15,050

• The personal exemption amount has been increased to $4,700.

• Income tax brackets have been updated.

• The standard deduction and exemption phaseout amount has been increased to $233,750.

• Federal AGI amounts for the Social Security modification have been adjusted.

• Federal AGI amounts for the pension and annuity modification have been adjusted.

• Use tax tables have been updated.