RI Schedule PTW-Corp: Pass-through Withholding Transmittal Schedule (2024)
Rhode Island · RI Division of Taxation · Used for tax years 2024
Rhode Island’s 2024 RI Schedule PTW calculates Rhode Island source income of nonresident members and the pass-through withholding due. It also reports withholding paid on the entity’s behalf by another pass-through entity, with totals carried to Form RI-1065 or RI-1120S.
Who files this form
The 2024 RI Schedule PTW calculates Rhode Island pass-through withholding on Rhode Island source income of nonresident members. It directs entities to report the total withholding due on Form RI-1065 or Form RI-1120S.
The schedule also records pass-through withholding paid on the entity’s behalf by another pass-through entity. The form does not provide complete rules for who is required to file.
What you'll need
To complete the 2024 schedule, have:
- The entity’s name and federal employer identification number.
- Form RI-1065 or Form RI-1120S, including the apportioned Rhode Island taxable income from line 6.
- The profit percentage or current-year allocation percentage for all nonresident members or partners.
- Rhode Island source income amounts for nonresident members, separated by entity type.
- Income amounts for the categories listed on the form: members with less than $1,000 in income net of modifications, income that cannot be distributed because of federal or state restrictions, exempt income, and income reported on Form RI-1040C or RI Schedule PTE.
Attach a schedule for the income of nonresident members with less than $1,000 in Rhode Island source income net of modifications.
If another pass-through entity paid withholding on your entity’s behalf, have that entity’s name, federal employer identification number and withholding amount for Part C.
Questions people ask
What withholding rates are printed on the 2024 schedule?
Column A lists 7.0% for C corporations only. Column B lists 5.99% for S corporations, individuals, LLCs, partnerships and trusts.
How is Rhode Island source income for all nonresident members calculated?
Multiply the apportioned Rhode Island taxable income on line 1 by the nonresident members’ or partners’ profit percentage or current-year allocation percentage on line 2. Enter the result on line 3.
Where does the total withholding due go?
Add lines 12a and 12b and enter the total on line 13. Also enter it on Form RI-1065, line 7c, or Form RI-1120S, line 7c.
Where do I report withholding paid on the entity’s behalf by another pass-through entity?
Use Part C to list the paying entities’ names, federal employer identification numbers and withholding amounts. Add the amounts on lines 14a through 14u, then enter the total on Form RI-1065, line 9b, or Form RI-1120S, line 9b.