{"data":{"id":"us-ri/r.i.-gen.-laws-44-14-14","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 44-14-14","heading":"Write-downs or reserves for security losses.","body":"Whenever any taxpayer by requirement of regulatory authorities having supervision over it, shall write down any of its securities or establish reserves for the decrease in values of any of its securities, the taxpayer may elect to treat the amount of the write-downs or reserves as deductions in the year in which they are recorded on its books and records as allocated to any security or group of securities, in which event the basis of the securities shall be adjusted to reflect the write-downs or reserves specifically allocated to any security, and the adjusted basis shall be used in determining gains or losses upon the sale or other disposition of the securities.","path":["Title 44 Taxation","Chapter 14 Taxation of Banks"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE44/44-14/44-14-14.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T20:00:26Z","sha256":"8e0dadd687dfa7e1ce5174be6459e656f2ec1a8395d3634f60b78f6ac5ecaa5b","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-44-14-13","next":"us-ri/r.i.-gen.-laws-44-14-14.1"},"notice":"GroundRules: Original legal text. Not legal advice."}