§ 44-30-16 - Rhode Island income of a resident estate or trust. - Rhode Island Statutes

SECTION 44-30-16

   § 44-30-16  Rhode Island income of aresident estate or trust. – (a) The Rhode Island income of a resident estate or trust means its federaladjusted gross income as modified by the addition or subtraction (as the casemay be) of the share of the estate or trust in the Rhode Island fiduciaryadjustment determined under § 44-30-17.

   (b) Amounts allowable under § 44-22-1 as a deduction incomputing the taxable estate of a decedent shall not be allowed as a deductionin computing the taxable income of the estate or of any other person, unlessthere is filed, within the time and in the manner and form prescribed by thetax administrator, a statement that the amounts have not been allowed asdeductions under § 44-22-1, and a waiver of the right to have the amountsallowed at any time as deductions under § 44-22-1.