Apologies if this isn't worded correctly. I'm struggling with how to ask my question. 🙂
My wife and I purchased a rental property in RI in 2018, but we live in another state. The net result of our rental "business" was a $15K loss for the year (1040 schedule E, line 21).
Based on the new fed rules, because our AGI was greater than $150K, we weren't allowed to deduct the loss on our fed taxes (schedule E, line 22).
It appears that RI has adopted the same rule, because on RI-1040NR, column A only shows the rental income we received. Line 9 (assuming that's where the loss would show up?) is zero. Am I correct in assuming that RI has adopted the federal rules and also doesn't allow rental/business losses if a person's AGI is greater than $150K?