RI Schedule K-1: Taxpayer’s Share of Income, Deductions, Credits, Etc (2025)
Rhode Island · RI Division of Taxation · Used for tax years 2025
Rhode Island Schedule K-1 reports a partner’s, shareholder’s, or beneficiary’s share of a pass-through entity’s Rhode Island income, deductions, additions, and credits. It also reports withholding payments, composite filing information, and pass-through entity election tax inform
What you'll need
The 2025 form asks for the following information:
- The pass-through entity’s federal identification number, name, address, and entity type.
- The partner’s, shareholder’s, or beneficiary’s taxpayer identification number, name, address, and state of residency.
- The taxpayer’s ownership percentage, Rhode Island apportionment percentage, and share of profit or loss.
- Income and deductions apportioned to Rhode Island, other additions and deductions, and credit amounts.
- Applicable pass-through withholding, composite filing, and pass-through entity election information.
- For a partner or shareholder that is a grantor trust, the trust owner’s name and Social Security number.
The form does not provide a list of supporting documents to attach.
Common mistakes
- Do not leave Section VIII incomplete if the partner or shareholder receiving the schedule is a grantor trust. The form directs you to enter the grantor trust owner’s name and Social Security number.
Questions people ask
What does the 2025 RI Schedule K-1 report?
It reports the taxpayer’s share of income, deductions, credits, and other items from a pass-through entity. The form includes information for partners, shareholders, and beneficiaries.
Where is composite filing information reported?
Section V reports Rhode Island source income included on Form RI-1040C and the composite payment made on the taxpayer’s behalf. The form also has a box labeled “Included in Composite Filing (RI-1040C).”
What pass-through entity election credit does the form show?
Section VI, line 2, reports the pass-through entity election credit calculated at 90% of the PTE tax paid on the taxpayer’s behalf on RI Schedule PTE.
Where are pass-through withholding payments reported?
Section IV, line 2, reports the pass-through withholding payment made on the taxpayer’s behalf. Line 1 reports Rhode Island source income included on RI Schedule PTW/PTW-1041.